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Archive for December, 2018

Manufacturing jobs in Vegas get a boost

Wednesday, December 5th, 2018

The number of manufacturing jobs in Vegas have grown, according to industry reports.

The state’s unemployment rate declined by 0.1 percentage point over the month, to 4.4 percent, in October 2018. This month the state’s unemployment rate is down half a percentage point over the year. Overall job growth is up 45,800 jobs and grew by 3.4 percent year-over-year. Nevada’s over the year job growth rate has remained at or over three percent since July of this year.

“Nevada’s job market continues to expand at a brisk pace, doubling the pace of national job gains over the past year which was near the high end of our recent trend. Employment expanded significantly across many industries including Construction, Professional & Business Services, and Manufacturing, and continued to drive down unemployment in the state.” said David Schmidt, Chief Economist for DETR.

Additional October Report Notes:

The Statewide unemployment rate fell by 0.1 points to 4.4% – the lowest since June 2007. This rate is 0.7 points above the U.S. rate in October (3.7%), and 0.6 points above Nevada’s all-time low unemployment rate (3.8%).

Total employment rose by 3.4% over the year, near the high end of the range seen over the last year (2.8 – 3.5%), and double the current U.S. growth rate (1.7%).

The construction industry’s year-to-date average employment growth continues to experience the largest nominal gains over the same period last year, increasing by 9,500 jobs or 11.4 percent, bringing total jobs in that industry to 92,900.

Manufacturing remains the fastest-growing industry, growing by 13.8% over the year.

Nevada’s Unemployment Trust Fund balance sits slightly in excess of $1.5 billion, another record level. This current balance could pay 5.2 years of benefits at the current payment rate ($5.5 million per week), or 1.2 years of benefits in a recession like the Great Recession.

Vegas construction jobs grow

Wednesday, December 5th, 2018

The number of Vegas construction jobs have grown, according to recent labor statistics.

The state’s unemployment rate declined by 0.1 percentage point over the month, to 4.4 percent, in October 2018. This month the state’s unemployment rate is down half a percentage point over the year. Overall job growth is up 45,800 jobs and grew by 3.4 percent year-over-year. Nevada’s over the year job growth rate has remained at or over three percent since July of this year.

Additional October Report Notes:

The Statewide unemployment rate fell by 0.1 points to 4.4% – the lowest since June 2007. This rate is 0.7 points above the U.S. rate in October (3.7%), and 0.6 points above Nevada’s all-time low unemployment rate (3.8%).

Total employment rose by 3.4% over the year, near the high end of the range seen over the last year (2.8 – 3.5%), and double the current U.S. growth rate (1.7%).

The construction industry’s year-to-date average employment growth continues to experience the largest nominal gains over the same period last year, increasing by 9,500 jobs or 11.4 percent, bringing total jobs in that industry to 92,900.

Manufacturing remains the fastest-growing industry, growing by 13.8% over the year.

Nevada’s Unemployment Trust Fund balance sits slightly in excess of $1.5 billion, another record level. This current balance could pay 5.2 years of benefits at the current payment rate ($5.5 million per week), or 1.2 years of benefits in a recession like the Great Recession.

Goodwill creates veterans jobs in Vegas

Wednesday, December 5th, 2018

Goodwill is starting a new program and creating more veterans jobs in Vegas.

Goodwill of Southern Nevada opened its third Career Center. The new center is located inside the Goodwill thrift store at 741 South Rainbow Dr. in Las Vegas and is the new home of Goodwill’s Veteran Integration Program. The new Career Center is supported by a $1.4 million grant from the U.S. Department of Labor’s Employment and Training Administration. The grant was awarded to Goodwill on October 1, 2018 specifically to serve transitioning military members and their families.

“We are proud to be a part of creating new opportunities for veterans seeking civilian employment in Southern Nevada,” said John Helderman, interim CEO for Goodwill of Southern Nevada. “In 2018 alone, Goodwill has helped nearly 1,400 veterans or their family members with employment services in the Las Vegas area.”

The Goodwill Veteran Integration Program helps equip veterans and military families with tools specifically designed to help them transition from military service to civilian employment, including dress etiquette, skills training, resume writing, interview preparation, job placement, and supportive services, such as assistance with clothing or transportation. The program also offers on-the-job training and, in some cases, will pay for occupational skills training. All Goodwill team members operating the new Career Center are veterans themselves, thus they are uniquely qualified to understand the challenges veterans face when transitioning out of the military. By providing veteran career coaches to assist with intensive case management, Goodwill works to help unemployed and underemployed veterans and their families overcome barriers to civilian employment in Southern Nevada.

“The Veteran Integration Program provides job seeking veterans and their families more than job training, it provides a full set of tools they need to support themselves,” said Helderman. “We are actively developing partnerships with local employers, which will enable Goodwill to connect a skilled veteran workforce with in-demand jobs.”