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Las Vegas jobs grow

October 4th, 2018

The number of Las Vegas jobs are growing year over year, according to recent labor statistics.

Statewide, jobs increased by 3.3 percent, which correlates to 44,800 new jobs added since August of last year. The largest over the month job gain in the metropolitan statistical areas (MSAs) was realized in Reno, at 700. Las Vegas saw a slight reduction in jobs over the month while Carson City remained unchanged and in line with seasonal expectations.

“In August, Las Vegas saw a small decline in employment losing 500 jobs over the month, likely due to a statistical correction following July’s very large gain of 10,300 jobs. Despite the slight reduction in employment in Las Vegas and minor upticks in the Reno and Las Vegas unemployment rates over the month, metro area economic indicators continue to follow positive Statewide trends over the year. Wages and employment have increased and unemployment rates have decreased since this same time last year in the Silver State’s MSA’s which reflects positive signs of growth and diversification in those areas,” said David Schmidt, Chief Economist, for Nevada’s Department of Employment, Training & Rehabilitation.

Additional August 2018 Economic Report Highlights:

Job Growth in August (Seasonally-Adjusted): o Las Vegas lost 500 jobs over the month but is up 32,300 over the year (3.3 percent).

o Reno added 700 jobs over the month and 9,100 over the year (3.9 percent), adding jobs at a faster rate that the State as a whole (3.3 percent).
o Carson City remained unchanged from July but is up 700 jobs over the year (2.3 percent).

Unemployment:

o Las Vegas: 4.9 percent; up 0.2 percentage point from July, and down 0.4 percentage point from a year ago.

o Reno: 3.7 percent, up 0.1 percentage point from July; down 0.3 percentage from this time last year.

o Carson City: 4.3 percent, unchanged from July; down 0.2 percentage point from a year ago.

Manufacturing jobs in Vegas may be climbing

October 4th, 2018

The number of manufacturing jobs in Vegas may be increasing, according to recent labor statistics.

The state’s unemployment rate decreased by another 0.1 percentage point in August 2018 to 4.5 percent, the lowest rate seen since July 2007. Overall job growth is up 44,800 jobs and grew by 3.3 percent year-over-year.

The last time Nevada experienced a stronger over the year growth rate was in June 2017, according to the state Department of Employment, Training and Rehabilitation’s (DETR) August 2018 economic report.

Additional August Economic Report Notes:

The Statewide unemployment rate declined by 0.1 percentage point over the month, the fourth decline seen so far this year.

Unemployment in all age groups is on the downward trend.

Over the month, seasonally-adjusted employment grew by 1,200 jobs to 1,389,400.

The state added 44,800 jobs over the year (seasonally-adjusted).

As of August 2018, Nevadans employed full-time totaled 1,128,760 representing a new all-time high. This is up from 1,036,030 a year ago.

The manufacturing industry’s year-to-date average employment growth is experiencing record highs and is up 14 percent (6,500 jobs) over the same period last year.

Transportation jobs in Vegas grow

September 9th, 2018

A number of transportation jobs in Vegas have been added, according to recent labor statistics.

Payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

Payroll employment increased by 201,000 in August, in line with the average monthly gain of 196,000 over the prior 12 months. Over the month, employment increased in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

In August, health care employment rose by 33,000, with job gains in ambulatory health care services (+21,000) and hospitals (+8,000).

Health care has added 301,000 jobs over the year. Wholesale trade employment increased by 22,000 in August and by 99,000 over the year.

Durable goods wholesalers added 14,000 jobs over the month and accounted for about two-thirds of the over-the-year job gain in wholesale trade. Employment in transportation and warehousing rose by 20,000 in August and by 173,000 over the past 12 months.

Within the industry, couriers and messengers added 4,000 jobs in August. Mining employment increased by 6,000 in August, after showing little change in July. Since a recent trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for mining.

Employment in construction continued to trend up in August (+23,000) and has increased by 297,000 over the year. Manufacturing employment changed little in August (-3,000).

Over the year, employment in the industry was up by 254,000, with more than three-fourths of the gain in the durable goods component. Employment showed little change over the month in other major industries, including retail trade, information, financial activities, leisure and hospitality, and government.

Jobs in Vegas burgeon

September 4th, 2018

A number of jobs in Vegas are growing, according to recent local labor statistics.

Statewide, jobs increased by 3.4 percent, which correlates to 46,000 new jobs added since July of last year.

The largest gains were realized in Las Vegas and Reno, at 10,300 and 800 respectively, while Carson City remained essentially unchanged over the month and in line with seasonal expectations.

Reno was the only metropolitan statistical area (MSA) that added jobs at a faster rate than the State as a whole in July. This is according to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) July 2018 economic report.

Additional report data shows that in July manufacturing was the fastest-growing sector in the Silver State, with employment in the industry seven percent higher than the pre-recession peak.

Nevada has seen significant gains in manufacturing employment in recent years, with total statewide growth of 14 percent, or 6,500 jobs, year to date in 2018.

This growth is illustrated in manufacturing trends across the State’s three largest population centers; Carson City, Reno/Sparks, and Las Vegas, with Reno/Sparks being the only one to have surpassed its pre-recessionary manufacturing employment.

Statewide, job ads are up by 9,500 in July.

Reno/Sparks has seen the strongest growth in manufacturing since the recession, both in total jobs (up 9,400) and in percentage growth (up 85%).

Manufacturing jobs in Vegas climb

September 4th, 2018

Recent statistics show that manufacturing jobs in Vegas are growing.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) July 2018 economic report, overall job growth increased to nearly 46,000 jobs year-over-year.

At 3.4 percent growth, this is the largest increase since June 2017. The state’s unemployment rate decreased by another 0.1 percent to 4.6 percent, the lowest level since August 2007.

“This month’s record numbers in job growth, number of employers in the state’s Unemployment Insurance System and Nevada’s Trust Fund balance at nearly $1.3 billion, is encouraging for our state and continues to strengthen Nevada’s economic standing,” said Governor Brian Sandoval.

“Combined with a diminishing unemployment rate, the Silver State continues to build on our position for the future.”

DETR’s report also notes that the unemployment rate in the state fell for the third straight month to 4.6%, with the decline of 0.1 percentage point matching the change in the national rate.

Additionally, total unemployment fell below 70,000 for the first time since January 2008 to 68,396.

Nevada’s unemployment rate is currently 0.8 points above the state’s all-time-low rate (3.8%). Unemployment is now down 9.1 points from its all-time high, hit during the recession (13.7%).

Vegas jobs grow

August 4th, 2018

New labor analysis has determined how Vegas jobs are growing.

According the Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, year-over-year employment increased in the State as a whole and in all three metropolitan statistical areas (MSAs).

Reno and Carson City both added jobs at a faster rate than the State as a whole this month. Statewide, jobs increased by 2.8 percent, which correlates to 37,600 new jobs added since June of last year.

In Las Vegas and Reno this is evident in the increase of jobs, while Carson City remained essentially unchanged over the month, growing by just 100 jobs while the unemployment rate declined in the majority of the state’s metropolitan areas.

“This month’s data also shows that labor force growth is concentrated in the State’s urban areas which have been experiencing strong employment increases. Clark County’s labor force is up 29,440, while Washoe’s has increased 9,170 compared to the first six months of last year. Both areas show an increase in employment and a decrease in unemployment. In each case, the decline in unemployment was more than matched by strong employment growth, leading to overall growth in the labor force. This shows us that unemployed Nevadans are finding jobs, and that the State’s population centers continue to draw in new workers,” said David Schmidt, Chief Economist, for Nevada’s Department of Employment, Training & Rehabilitation.

Job Growth In June (Seasonally-Adjusted):

Las Vegas gained 400 jobs over the month and 26,000 over the year (2.7 percent).

Reno added 700 jobs over the month and 8,600 over the year (3.7 percent), making it the fastest growing MSA in the state.

Carson City was up 100 jobs both over the month and over the year (3.3 percent)

Labor grant to connect veterans with Vegas jobs

August 4th, 2018

A new labor grant will help connect homeless veterans with Vegas jobs.

Nevada is expected to receive $250,000 in grant funding to help Nevada’s homeless military veterans gain employment. Specifically, the U.S. Department of Labor (DOL) directed $250,000 to the U.S. VETS – Las Vegas, which is located in Las Vegas, NV.

The grant funding comes from the DOL’s Homeless Veterans’ Reintegration Program (HVRP), which helps state, tribal, and local agencies and nonprofits provide homeless veterans with job training and placement. DOL Secretary Alex Acosta today unveiled a total of 163 HVRP grantees nationwide totaling $47.6 million, which is expected to help more than 18,000 homeless U.S. veterans.

“No veteran should be forced to live on the streets or in their cars after defending our country. That’s why I welcome the Department of Labor’s announcement that U.S. VETS – Las Vegas, which has been doing incredible work for our military heroes since 2001, has been awarded $250,000 to help our veterans gain employment,” said Heller. “My office has worked closely with U.S. VETS – Las Vegas, which recently opened its culinary training class. As a senior member of the Senate Veterans’ Affairs Committee representing 300,000 veterans living in Nevada, I will continue to make sure that important organizations on-the-ground, like U.S. VETS, have the federal resources and support they need to continue assisting the men and women who answered our nation’s call.”

In 2017, Heller introduced the Creating a Reliable Environment (CARE) for Veterans’ Dependents Act, bipartisan legislation to ensure that children of homeless veterans are eligible for services provided to that veteran by VA-funded facilities. Additionally, in 2012, he authored the Women’s Homeless Veterans Act, a bill to provide shelters and short-term housing to women who become homeless after serving in the military.

Vegas jobs added

August 4th, 2018

The newest labor statistics show that Vegas jobs have been added.

June marks the 90th straight month of year-over-year job gains in Nevada, with job growth continuing to hover near 40,000 jobs per month on a year-over-year basis.

According to the state Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, job growth was 2.8 percent, well above the national rate of 1.6 percent.

The state’s unemployment rate decreased by 0.1 percent to 4.7 percent in June.

“With 2,000 jobs added in June, Nevada continues to experience an ongoing healthy labor market and maintains improvement through the second quarter of 2018,” Governor Brian Sandoval said. “Additionally, the unemployment rate continues to decline in the state falling from 4.8% to 4.7% – a significant drop from nearly 14% in 2011. As we enjoy these positive trends, we should remain vigilant in continuing our efforts to ensure the Silver State’s economic success.”

DETR’s report also notes the state’s long-term unemployment rate (UR) figures included in the monthly Current Population Survey (CPS).

The long-term UR is the ratio of long-term unemployed to the total labor force. For the 12-month period ending in June 2018, the Silver State had a long-term unemployment rate of 0.9 percent, down 6.1 percentage points from its peak. As of June 2018 the number of Nevadans unemployed for 27 weeks or more stands at 12,900 compared to the height of the recession, when the state’s number of long-term unemployed in Nevada totaled 92,900.

“Employment rose and unemployment fell in June, reflecting the ongoing growth of Nevada’s labor market. Employment growth, while down slightly from the average pace seen over the last 12 months, still represents growth well above that of the nation as a whole. Declines in unemployment, increases in income and wages, and solid employment growth across several different industry sectors point to a healthy, tightening market for workers in the state,” said David Schmidt, Chief Economist for DETR.

Grants to affect Vegas jobs

July 8th, 2018

A number of new grants will go to support licensing reform for Vegas jobs, among other locations.

As part of the U.S. Department of Labor’s ongoing efforts to encourage occupational licensing reform, the Department announced the recipients of $7 million in grants to help states review and streamline their occupational licensing rules.

These investments support selected states’ analysis of relevant licensing criteria, potential portability issues, and whether licensing requirements are overly broad or burdensome.

Importantly, awardees will develop specific plans of action designed to reduce excessive licensing and consider the potential of alternative approaches to licensing that maintain the protection of public health and safety, such as professional certification.

“Excessive licensing can create economic barriers for Americans seeking a job, including veterans and military spouses, and hinder competitiveness for businesses,” said U.S. Secretary of Labor Alexander Acosta. “Because licensing is based on state law, states must take the lead in reforming the licensing system. These grants provide an opportunity to examine licensing criteria and remove burdens that limit competition and bar entry to employment.”

The Department is awarding grants – ranging from $240,000 to $1 million each – to nine states and two associations of state governments. In addition, the Department awarded $1.5 million to help transitioning service members and veterans meet civilian educational requirements for employment in selected civilian licensed occupations.

Grants go to fund transitioning to Vegas jobs

July 8th, 2018

A number of new grants are going towards reentry projects for Vegas jobs, among other locations.

The U.S. Department of Labor announced approximately $84,400,000 in Reentry Project grants awarded to 41 nonprofits and local and state governments. These projects will serve either young adults, between the ages of 18 to 24 who have been involved in the juvenile or adult justice system, or adults, ages 25 and older, formerly incarcerated in the adult criminal justice system.

These grants give organizations the opportunity to develop methods that maximize participants’ inclusion and integration into society, employment opportunities, family support, and economic and social self-sufficiency.

They intend to address the full range of challenges faced by justice-involved individuals transitioning back to the community. The Department awarded these grants to a combination of rural and urban projects located in high-crime, high-poverty communities. Awardees offer a range of services based on current evidence and proven research, as well as promising emerging practices.

Consistent with the President’s Executive Order on Expanding Apprenticeships in the United States, the Department awarded funding to organizations to create models that offer apprenticeship opportunities as well as increased employment outcomes for eligible participants.

“Individuals, families, communities and our economy as a whole are better off when the transition from the justice system to employment is successful,” said U.S. Secretary of Labor Alexander Acosta. “These reentry programs are designed to break the cycle of recidivism by providing assistance toward achieving meaningful employment.”

The intent of the Reentry Projects grant program is to protect community safety by ensuring that participants who successfully exit the program are provided with positive opportunities to engage in employment or education; become productive, responsible, and law-abiding members of society; maintain long-term employment; and establish a stable residence.