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Vegas administrative jobs grow

A number of Vegas administrative jobs have grown, according to recent labor statistics.

The state’s unemployment rate remained unchanged in September by holding steady at 4.5 percent over the month, but is down 0.4 percentage point over the year.

Overall job growth is up 45,300 jobs and grew by 3.2 percent year-over-year.

Nevada’s over the year job growth rate has remained at or over three percent since July of this year, according to the state Department of Employment, Training and Rehabilitation’s (DETR) September 2018 economic report.

“The conditions of the State’s labor market continue to fare well. Job growth has been fairly consistent of late, and appears to be trending at about 40,000 new jobs, on an annualized basis. Initial claims for unemployment insurance continued to improve this month and are at the lowest levels they’ve been in two decades. Another positive indication of Nevada’s recovery that should be noted is the improvement in the long-term unemployment rate, which remained high well into the current expansion. The longterm rate is 0.8 percent and is back to levels consistent with a healthy labor market.” said David Schmidt, Chief Economist for DETR.

The Statewide unemployment rate at 4.5% remained unchanged from last month, but is down 0.4 percentage point over the year.

Unemployment in all age groups is on the downward trend and remains the lowest rate since July 2007.  Over the month, seasonally-adjusted employment grew by 2,800 jobs to 1,394,100.

The state added 43,500 jobs over the year (seasonally-adjusted), a gain of 3.2 percent.

Initial claims for unemployment insurance (UI) benefits decreased to 8,289, the lowest level for any month since 1998.