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Archive for April, 2019

Vegas jobs continue to climb

Friday, April 5th, 2019

New labor statistics demonstrate that Vegas jobs are growing.

Nevada added 3,800 jobs over the month and 53,300 jobs over the year, according to the state Department of Employment, Training and Rehabilitation’s (DETR) January 2019 economic report. The 53,300 jobs over last year was the largest annual increase in over 12 years.

The state’s unemployment rate in January 2019 was unchanged over the month, remaining at 4.4 percent. Compared to last January, the state’s unemployment rate is down 0.4 percentage point.

“This month’s report highlights a variety of encouraging trends showing our strong economic growth across the state,” Governor Steve Sisolak said. “We must continue to fortify our state’s economy to ensure a positive outlook for career opportunities in well-paying jobs for Nevadans and safeguard the state’s on-going economic health and future.”

DETR’s report also notes that estimates show that initial claims for unemployment insurance benefits totaled 11,390 this month. This is the lowest reading for initial claims in the Silver State since 1994.

Additional January Report Highlights:

Total employment rose by 3.9% over the year, at the high end of the range seen over the last year (2.8 – 3.9%), and more than double the current U.S. growth rate (1.9%).

Gross job gains in construction at expanding or opening private sector establishments totaled 9,890 in the second quarter of 2018, 13 percent of the total private sector gains in Nevada.

Employment trends show that from the low point of the recession until now, employment growth in almost all of Nevada’s industries has exceeded the growth based on national trends in those same industries nationwide.

The unemployment rate in Nevada held steady at 4.4 percent from December to January. This is down from 4.8 percent a year ago, and is the lowest rate since June 2007, nearly eleven years ago.

Vegas jobs climb

Friday, April 5th, 2019

More Vegas jobs are being added, according to recent labor statistics.

Employment in Nevada declined by 900 jobs over the month but is up 48,400 jobs over the year, the largest annual increase seen in February since 2006, according to the state Department of Employment, Training and Rehabilitation’s (DETR) February 2019 economic report.

The state’s unemployment rate in February declined over the month by 0.1 percentage point to 4.3 percent and is down half a percentage point when compared to last February.

“I am pleased to see that this month’s report highlights Nevada having the fastest growing private sector in the nation. Nevada’s economy remains encouraging as small business employment reaches a new record high while the unemployment rate continues to decline,” Governor Steve Sisolak said. “We must continue to seek opportunities for improvement in our state’s economy and work to provide all working Nevadans with an opportunity for a bright economic outlook moving forward.”

DETR’s report also notes that estimates show that initial claims for unemployment insurance benefits totaled 9,290 this month. This is the lowest reading for initial claims in the Silver State since 1999.

Additional February Report Highlights: • Total employment rose by 3.5% over the year, in the middle of the range seen over the last year (2.9 – 4.1%), and more than double the current U.S. growth rate (1.7%).

Statewide non-seasonally adjusted job growth added 10,700 jobs over the last 12 months in the administrative support, waste management and remediation services sector, the largest 12-month change in the industry on record dating back to 1991.

As of the third quarter of 2018, employment in Nevada’s small business firms with less than 100 employees totaled nearly 651,000, establishing a new record high continuing while continuing the trend beginning in the second quarter of 2015.

Weekly wages in Nevada averaged $936 during the third quarter of 2018. This compares to $914 during the same period last year, an increase of $22, or 2.4 percent, year-over-year.

The unemployment rate in Nevada dropped 0.1 percentage point over the month to 4.3 percent, the lowest rate since May 2007.

Performance measures and Vegas jobs

Friday, April 5th, 2019

Performance measures are putting the spotlight on Vegas jobs.

– According to a Workforce Innovation and Opportunity Act (WIOA) report recently issued by the Nevada Department of Employment, Training and Rehabilitation (DETR), the state has exceeded its mandated WIOA performance measures for the 2nd quarter of 2018.

Under the Act, the state’s performance is rated on a program year with Nevada exceeding all performance measures under Titles I and III.

“WIOA has had a major impact on state employment programs, including in Nevada. I am pleased to see these latest figures, as they clearly reflect how the local workforce boards and our agency are making great strides in improving the way we do business. It is through staff’s efforts that we are strengthening our collaboration between our workforce partners and employers and ensuring the workforce system addresses the needs of businesses and workers we serve,” said DETR Director, Dr. Tiffany Tyler-Garner.

Under Nevada’s Unified State Plan, Title I of WIOA includes the Adult, Dislocated Worker and Youth Programs. Title I programs provide workforce training, professional degree and certification programs, secondary and postsecondary education programs, employment services, career counseling and planning, veteran programs, and Job Corps services for the above-mentioned groups.

“We are delighted to see that we have exceeded Nevada’s Titles I and III WIOA performance measures for the second quarter of 2018,” said Renee Olson, Administrator of the Employment Security Division. “These latest numbers reflect our commitment to creating a workforce system that improves not only our state’s economy, but also the lives of our citizens. I am extremely proud of our staff and of their dedication to the constant improvement of our services.”

Title III falls within the Wagner-Peyser Act Program and includes employment/reemployment services integrated with the delivery of other services into a one-stop framework and provides job-seekers, including unemployment insurance claimants, with referrals and application assistance for training and educational resources and programs.