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Vegas jobs continue to climb

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.