Metro Area Unemployment Rates All Decline; Las Vegas Accounts for the Bulk of the Job Growth Over the Month

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1 SEPTEMBER SUB-STATE PRESS RELEASE For Immediate Release October 23, 2018 Metro Area Unemployment Rates All Decline; Las Vegas Accounts for the Bulk of the Job Growth Over the Month CARSON CITY, NV According to the Department of Employment, Training and Rehabilitation s (DETR) September 2018 economic report, statewide, jobs increased by 3.2 percent, which correlates to 43,500 new jobs added since September of last year. The largest over the month job gain in the metropolitan statistical areas (MSAs) was realized in Las Vegas, at 3,700. Reno added 300 jobs over the month while Carson City remained unchanged and in line with seasonal expectations. Both Reno and Las Vegas added jobs at a faster rate than the State as a whole in September. September s report also shows strong job growth over the month in Reno and Las Vegas continues to constructively impact those areas unemployment rates. Positive job growth statewide in September is reflecting similar results in many of the rural counties in the State. Fifteen counties realized over the year declines in their unemployment rates in September. The Silver State continues to show positive results in its labor market as urban areas continue to expand their workforce. People are still finding jobs which is keeping unemployment rates relatively low in the metro areas. Initial claims continue to decline in the metros indicating job seekers are remaining in the workforce upon entrance, said David Schmidt, Chief Economist, for Nevada s Department of Employment, Training & Rehabilitation. Additional September 2018 Economic Report Highlights: Job Growth in September (Seasonally-Adjusted): o Las Vegas is up 3,700 jobs over the month but is up 34,200 over the year (3.5 percent). o Reno added 300 jobs over the month and 9,200 over the year (four percent). o Carson City remained unchanged from August but is up 500 jobs over the year (1.6 percent). Unemployment: o Las Vegas: 4.7 percent; down 0.2 percentage point from August, and down half a percentage point from a year ago. o Reno: 3.4 percent; down 0.3 percentage point from August; down half a percentage from this time last year. o Carson City: 4.2 percent, down 0.1 percentage point from August; down 0.3 percentage point from a year ago. o Unemployment rates remain below four percent in ten counties.

2 o Unemployment rates declined on an over-the-year basis in 15 of 17 counties. o Eureka, at 2.2 percent, hold the State s lowest unemployment rate and marks the city s lowest rate on record since Initial claims for unemployment insurance, using a 13-week moving average, have declined by nearly 7.11 percent through the end of September. Labor force growth has been concentrated in the State s urban areas while most rural counties are experiencing declines gross domestic product (GDP) is up in each of the State s metro areas. Las Vegas 2017 GDP totaled $96.1 billion. Clark (+53,500) experienced the largest increase in job ad volume over last year, totaling 163,800 ads year-to-date. - # # # - ABOUT THE RESEARCH AND ANALYSIS BUREAU The Research and Analysis Bureau is Nevada s premier source for labor market information. A part of DETR, the Bureau is responsible for creating, analyzing, and reporting Nevada s labor market information, in cooperation with the United States Bureau of Labor Statistics (BLS). Visit us and Follow us on Twitter: R&A is an equal opportunity employer/program. Auxiliary aids and services available upon request for individuals with disabilities TTY (775) Relay 711 or (800)

3 RESEARCH AND ANALYSIS BUREAU BRIAN SANDOVAL GOVERNOR DON SODERBERG DIRECTOR DAVID SCHMIDT CHIEF ECONOMIST NEVADA SUB-STATE LABOR MARKET OVERVIEW September 2018 Nevada Las Vegas Reno Carson City Job Growth by Metro Area -10, ,000 20,000 30,000 40,000 50,000 YTD job growth Nevada Nonfarm Jobs: August - September Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Las Vegas 7,400 3,700 3,700 Reno 3,100 2, Carson City Statewide, seasonally adjusted employment increased by 2,800 jobs in September, relative to August. As for Nevada s major population centers, gains were realized in the Las Vegas and Reno metropolitan statistical areas (MSAs) this month. Las Vegas employment saw a seasonally-adjusted increase of 3,700 jobs, the result of increasing by 7,400 jobs when only 3,700 were expected to be added. Reno employment realized a seasonally-adjusted increase of 300 jobs, the result of increasing by 3,100 jobs when an increase of only 2,800 jobs was expected in the area. Carson City employment remained unchanged and in line with seasonal expectations. Year-over-year employment increased in the State as a whole and in all MSAs in September. Reno and Las Vegas both added jobs at a faster rate than the State as a whole this month. Statewide, jobs increased by 3.2 percent, which correlates to 43,500 new jobs added since September of last year. Las Vegas accounted for the majority of nominal employment gains this month. In Las Vegas, jobs increased by 34,200 year over year, which correlates to a growth rate of 3.5 percent. Specifically, goods-producing industries added 9,200 jobs to payrolls while service-providing 500 E. Third St. Carson City, Nevada (775) Fax (775)

4 industries added 26, In Reno, 9,200 jobs were added over the year, translating to a growth rate of four percent. That area saw an increase of 3,400 goods-producing jobs and 5,100 service-providing jobs. In Carson City, 500 jobs were added relative to last year, resulting in a growth rate of 1.6 percent. That area saw an increase of 200 goods-producing jobs and 600 service-providing jobs. 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% In the Quarterly Census of Employment and Wages (QCEW) 0.0% Program, the Research and Analysis Bureau collects and compiles employment and wage data for workers covered by Nevada unemployment insurance laws, and federal civilian workers covered by Unemployment Compensation for Federal Employees. This month, we analyze how the Reno-Sparks industry concentration compares to similar cities in the western United States. The rankings are based on that industry s (2-Digit NAICS) share of total employment in the respective MSA. Cities were chosen on the basis of being of similar population (2015) and geography similar to the Reno-Sparks MSA. Transportation and Warehousing is an industry where Reno-Sparks concentration far job growth; annual percentage change Job Growth by Metro Area '14 '15 '16 '17 '18 Las Vegas Reno Carson City exceeds that of Fort Collins, Colorado, Provo, Utah, Spokane, Washington, and Vallejo, California. It ranks fourth in Reno-Sparks while being no higher than 10th in the others. Accommodation and food services is the number one industry in the Reno-Sparks area making it similar to the other metro areas listed. It ranks no lower than third in the other four cities. Retail trade and health care and social assistance rank the highest in the others. The top ten industries are fairly similar amongst all five metro areas albeit in different order with transportation and warehousing typically falling lower in the rankings. unemployment rate 7.0% 6.0% 5.0% 4.0% 3.0% Unemployment Rate by Metro Area O N D J F M A M J J A S O N D J F M A M J J A S '16 '17 '18 Las Vegas Reno Carson City The U.S. Bureau of Economic Analysis (BEA) provides state gross domestic product (GDP) metro information, the most comprehensive measure of economic activity. GDP by metropolitan area is derived as the sum of the GDP originating in all the industries in the metropolitan area. This month, we analyze the GDP in each of the State s population centers. Gross domestic product in the Las Vegas MSA totaled $96.1 billion in Las Vegas s 2017 ¹ References to total MSA employment are adjusted for seasonality, whereas references to goods-producing and service-providing industries are not.

5 GDP is up $2.5 billion from 2016 or 2.7 percent. Since 2011, Las Vegas s GDP has increased over the year in each year leading up to Gross domestic product in the Reno MSA totaled $23.1 billion in Reno s GDP increased by 1.2 billion, or 5.6 percent from this same time in After experiencing two straight years of declines in GDP over the year in 2011 and 2012, the Reno MSA has realized steady increases in GDP since Nye Mineral Lyon Clark Nevada Lincoln Carson City Esmeralda Douglas Storey Churchill Pershing Washoe Humboldt White Pine Lander Elko Eureka Carson City s GDP totaled three billion dollars in From 2016 to 2017, Carson City s GDP increased by $170 million, or 5.9 percent. Gross domestic product in Carson City has increased over the year in the last two years following decline seen in Unemployment rates decreased in all of the Unemployment Insurance Weekly Initial Claims By County September 2018 (13 Week Moving Average ) Change Carson City Churchill Clark 2,014 2, Douglas Elko Esmeralda Eureka Humboldt Lander Lincoln Lyon Mineral Nye Pershing Storey Washoe White Pine *County weekly totals are not directly comparable to Statewide weekly totals due to reporting differences. Unemployment Rate by County 0% 1% 2% 3% 4% 5% 6% unemployment rate State s major population centers on yearover-year 2 and a month-over-month basis in September. In Las Vegas, the unemployment rate is at 4.7 percent, down 0.2 percentage point from from August, and down half a percentage point from September last year. Reno s unemployment rate is at 3.4 percent, down 0.3 percentage point from August, and down half a percentage point from this time last year. The unemployment rate in Carson City is at 4.2 percent, down 0.1 percentage point from August, and down 0.3 percentage point from September of last year. Unemployment rates declined on an over-the-year basis in 15 of 17 counties this month. Rate declines ranged from 0.2 percentage point (Lincoln) to 0.8 percentage point (Lander, Nye, and Pershing). Mineral and Esmeralda realized the only rate increases of half and 0.3 percentage point, respectively, this month. Nye, at 5.7 percent, has the highest unemployment rate in the Silver State this month. All counties remain below six percent unemployment in September with ten counties at or below four percent. Eureka, at 2.2 percent, is home to the State s lowest unemployment rate. Eureka s rate this month marks the lowest rate 2 The State s seasonally adjusted unemployment rate is 4.5 percent in September, unchanged from August and down from 4.9 percent in September Unemployment rates for the State s metropolitan areas and counties reported here are not adjusted for seasonality. Hence, comparisons to the State s seasonally adjusted rate should be avoided. Legitimate comparisons, however, can be made to the State s unadjusted rate 4.4 percent in September, down from 4.7 percent in August and down from 4.9 percent in September 2017.

6 it s had on record which dates back to Elko and Lander (both at three percent) also maintain relatively low unemployment rates. The Local Area Unemployment Statistics (LAUS) Program, produced by State agencies in cooperation with the Bureau of Labor Statistics, allows us to assess growth/ decline in each county s labor force, employment, unemployment and the unemployment rate (unemployment-labor force ratio). Figures mentioned below are not seasonally adjusted. Labor force includes those actively involved in the labor market, either employed or actively looking for work. For the purpose of this analysis, an urban area is defined as a metropolitan area, and all other areas are considered rural areas. The Office of Management and Budget (OMB) defines metropolitan statistical areas as an area that has at least one urbanized area of 50,000 or more population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties. Over-the-year estimates through September 2018 show that labor force growth is concentrated in the State s urban areas: Clark County, Reno-Sparks (which includes Washoe County and Storey County), and Carson City. Urban areas in Nevada have been experiencing strong employment increases. Despite the decrease in unemployment, the other component of labor force, strong employment growth has led to an increase in overall labor force growth. This likely reflects that unemployed Nevadans are finding jobs. Clark County s labor force is up 30,990, Washoe s has increased by 8,670, Storey is up 71, and Carson City s is up 810 in 2018 through September, compared to the first nine months of last year. These urban areas show an increase in employment and a decrease in unemployment. Washoe s unemployment rate is down by half a percentage point relative to the first nine months of 2017, Storey s rate is down 0.6 percentage point, Clark County rate decline registered at 0.4 percentage point, while Carson City rate declined 0.3 percentage point. Similarly, half of the rural counties are showing the same pattern as the urban areas during this period. All six counties had an increase in employment and a decrease in unemployment. Although these areas have fewer industries compared to the urban area, they still have a broad distribution. On the other hand, the remaining seven rural counties had a reduction in labor force. Five experienced decreases in employment and unemployment, while Esmeralda had a decrease in employment and an increase in unemployment. These areas have a smaller number of industries and a higher concentration in mining. Over this period, only Esmeralda County saw an increase in unemployment. This increase reflects an increase in unemployment claims in the construction industry and in the mining industry. The largest declines in the unemployment rate are found in Lander (down 0.91 percentage points), followed by Humboldt with a decline of 0.69 and Nye with a decline of 0.64 percentage points. Statewide weekly unemployment insurance (UI) initial claims for unemployment insurance, using a 13-week moving average, have declined by nearly 7.11 percent through the end of September, when compared to the same period last year. However, this decrease was largely localized in Clark County, which experienced a decline of 6.6 percent, or more than 140 claims. Washoe County s initial claims declined by 15.2 percent, down 42 claims from a year ago. The only county to experience a marked increase in claims was Storey, up 16 claims in the reference period. The rest of the State s counties were stagnant or experienced nominal declines of no more than seven. Year-to-date online job posting activity

7 decreased in 13 of 17 counties in September 3. Clark (+53,500) experienced the largest increase in ad volume over last year, totaling 163,800 ads year-to-date. Washoe has also seen a notable increase in ad volume over last year (+16,500), totaling 43,200 ads year-to-date. Eureka (+23) and Storey (+23), are the only other counties who saw increases in ad volume over last year. Carson City has realized the largest decrease of ads (-1,300) over last year, totaling 5,600 ads through September of this year. Other notable declines in job ads were realized in Douglas (-1,100), Elko (-1,100), and Churchill (-800) counties. Despite job posting volume being down in many of Nevada s smaller counties, Statewide job posting activity continues to show improvement. The State as a whole has posted 226,900 ads through September, up 64,000 ads over the year. Online Job Posting Activity by County September 2018 (Year-to-Date) Change Clark 163, ,336 53,474 Washoe 43,193 26,645 16,548 Eureka Storey Esmeralda Mineral Pershing Lincoln Lander Nye 1,831 2, Humboldt 923 1, Lyon 1,721 2, White Pine 804 1, Churchill 873 1, Elko 3,741 4,836-1,095 Douglas 1,912 3,061-1,149 Carson City 5,585 6,914-1,329 3 Online job postings are obtained through DETR s Silver State Solutions initiative. Online job posting volume does not necessarily correlate with the level of job openings or hiring. Internal company hiring and union hiring are often not captured by online ads. High ad volume often occurs for occupations/industries that are having difficulty finding qualified candidates, high turnover positions/recurring openings, or when companies are building large candidate pools. Online job postings should only be used with caution when developing/analyzing time series trends due to the constant changes in the rate of online advertising usage and in the methods used for collecting the data. This workforce product was funded by a grant awarded by the U.S. Department of Labor s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The U.S. Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization

8 Nevada Sub-State Labor Market Briefing: September 2018 Special Topics

9 Transportation and Warehousing Has Higher Concentration in Reno-Sparks than in Similar Size Metropolitan Areas Industry Reno Fort Collins Provo Spokane Vallejo Accommodation and Food Services Heath Care and Social Assistance Retail Trade Transportation and Warehousing Manufacturing Administrative and Waste Services Construction Professional and Technical Services Wholesale Trade Finance and Insurance

10 Nevada s Economy Has Grown in Each Metropolitan Statistical Area 2017;GDP Growth on the Rise 2017 MSA GDP Las Vegas: $96.1 billion, 2.7% growth over the year. Reno: $23.1 billion, 5.6% growth over the year. Carson City: $3 billion, 5.9% growth over the year. year-over-year growth 15% 10% 5% 0% -5% -10% -15% Nevada MSA Gross Domestic Product '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 Las Vegas Reno Carson City

11 Labor Force Growing in Urban Areas; Up in Most Rural Counties *Numbers might not add due to rounding Year-to-Date (through September) Change vs County labor force employment unemployment unemployment rate Clark 30,990 34,090-3, % Washoe 8,670 9, % Eureka % Mineral % Elko % Pershing % Lincoln % White Pine % Storey % Esmeralda % Lander % Carson City % Nye % Douglas % Humboldt % Churchill % Lyon %

12 2017 NEVNEVADA (Estimates Employment & Unemployment September 2018 Employment Growth: (Employment in thousands) M/M Y/Y Y/Y% Nevada % Nevada (Not Seasonally Adjusted) % Las Vegas MSA % Reno\Sparks MSA % Carson City MSA % Unemployment Rates: Nevada (Seasonally Adjusted) 4.5% Nevada 4.4% Las Vegas MSA 4.7% Reno\Sparks MSA 3.4% Carson City MSA 4.2% This information is embargoed until officially released on April 15,2015 Employment estimates are produced by the Current Employment Statistics program. Labor Force estimates are produced by the Local Area Unemployment Statistics program. Research and Analysis Bureau, Nevada Department of Employment, Training and Rehabilitation operates these programs in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics. Telephone (775)

13 Nevada Labor Force Summary (Estimates In Thousands) LABOR FORCE SUMMARY Sep-18 Sep-17 CHANGE % CHANGE Aug-18 NEVADA STATEWIDE Seasonally Adjusted LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 68.0 UNEMPLOYMENT RATE 4.5% 4.9% % NEVADA STATEWIDE Non Seasonally Adjusted LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 70.4 UNEMPLOYMENT RATE 4.4% 4.9% % Las Vegas-Paradise MSA Includes Clark County LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 54.4 UNEMPLOYMENT RATE 4.7% 5.2% % Reno-Sparks MSA Carson City MSA Includes Washoe and Storey Counties LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 9.4 UNEMPLOYMENT RATE 3.4% 3.9% % LABOR FORCE % 26.4 EMPLOYMENT % 25.2 UNEMPLOYMENT % 1.1 UNEMPLOYMENT RATE 4.2% 4.5% % UNEMPLOYMENT RATES BASED ON UNROUNDED DATA Employment adjusted by census relationships to reflect number of persons by place of residence. Information compiled by DETR's Research & Analysis Bureau

14 Total All Industries Total All Industries Establishment Based Industrial Employment Nevada - Seasonally Adjusted Las Vegas-Paradise MSA SA (Estimates In Thousands) Sep-18 Sep-17 CHANGE % CHANGE Aug % Nevada- Non-Seasonally Adjusted Sep-18 Sep-17 CHANGE % CHANGE Aug % Las Vegas-Paradise SA * Sep-18 Sep-17 CHANGE % CHANGE Aug % Reno/Sparks MSA SA Carson City MSA SA *Metropolitan Statistical Area Reno/Sparks SA * Sep-18 Sep-17 CHANGE % CHANGE Aug % Carson City SA * Sep-18 Sep-17 CHANGE % CHANGE Aug % 31.0

15 Non-Seasonally Adjusted Establishment Based Industrial Employment Las Vegas-Paradise MSA Includes Clark County (Estimates In Thousands) Sep-18 Sep-17 CHANGE % CHANGE Aug-18 Total All Industries % Goods Producing % 93.1 Natural Resources & Mining % 0.5 Construction % 68.1 Construction of Buildings % 11.0 Specialty Trade Contractors % 51.7 Building Foundation & Exterior Contractors % 14.6 Building Finishing Contractors % 14.5 Manufacturing % 24.5 Durable Goods % 14.1 Other Miscellaneous Manufacturing % 3.9 Non-durable Goods % 10.4 Service Providing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 22.8 Retail % Food & Beverage Stores % 18.0 Health and Personal Care Stores % 7.9 Trans, Warehousing & Utilities % 46.3 Utilities % 2.6 Transportation & Warehousing % 43.7 Air % 6.7 Transit and Ground Passenger % 11.2 Taxi and Limousine Service % 7.9 Information % 10.9 Telecomunications % 2.8 Financial Activites % 51.4 Finance and Insurance % 27.8 Credit Intermediation & Related % 15.2 Real Estate and Rental and Leasing % 23.6 Professional & Business Services % Professional, Scientific and Technical % 43.1 Management of Companies % 22.3 Administrative & Support and Waste Mgt % 77.5 Administative and Support Services % 74.7 Employment Services % 14.7 Other Support Services % 10.5 Education and Health Services % Health Care and Social Assistance % 90.9 Ambulatory Health Care Services % 43.3 Hospitals % 21.8 Leisure and Hospitality % Arts, Entertainment and Recreation % 22.3 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 4.9 Food Services and Drinking Places % Full-Service Restaurants % 51.4 Limited-Service Restaurants % 42.1 Other Services % 33.9 Government % Federal % 13.2 State % 20.6 Local % 69.9 Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

16 Non-Seasonally Adjusted Establishment Based Industrial Employment Total All Industries Goods Producing Sep-18 Sep-17 CHANGE % CHANGE Aug % % 39.4 Natural Resources & Mining % 0.3 Construction % 18.5 Manufacturing % 20.6 Miscellaneous Manufacturing % 2.2 Service Providing % Private Service Providing % Trade, Transportation & Utilities % 54.3 Wholesale % 9.5 Retail % 24.3 Food & Beverage Stores % 3.7 Trans, Warehousing & Utilities % 20.5 Information % 2.2 Financial Activities % 10.8 Finance and Insurance % 6.2 Professional & Business Services % 33.4 Administrative & Support and Waste Mgt % 17.9 Education and Health Services % 26.6 Leisure and Hospitality % 39.1 Accommodation and Food Service % 33.8 Accommodation % 15.8 Casino Hotels % 14.4 Food Services and Drinking Places % 18.0 Other Services % 6.6 Government % 28.9 Federal % 3.8 State % 10.8 Local % 14.3 Non-Seasonally Adjusted Data. Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

17 Non-Seasonally Adjusted Establishment Based Industrial Employment Total All Industries Goods Producing Sep-18 Sep-17 CHANGE % CHANGE Aug % % 4.5 Manufacturing % 2.7 Service Providing % 26.7 Private Service Providing % 16.8 Trade, Transportation & Utilities % 4.3 Retail % 3.4 Professional & Business Services % 2.1 Leisure and Hospitality % 3.7 Government % 9.9 Federal % 0.5 State % 7.5 Local % 1.9 Non-Seasonally Adjusted Data. Carson City MSA Includes Carson City (Estimates In Thousands) Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

18 Total All Industries Total All Industries Total All Industries Total All Industries Total All Industries 2018 Industrial Employment (Estimates in Thousands) Nevada Statewide (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Nevada Statewide (NSA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Las Vegas MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT DEC AVERAGE Reno/Sparks MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Carson City MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE updated Sep-18 (NSA)-Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

19 Non-Seasonally Adjusted Establishment Based Industrial Employment Las Vegas-Paradise MSA ands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Construction of Buildings Specialty Trade Contractors Building Foundation & Exterior Contrac Building Finishing Contractors Manufacturing Durable Goods Other Miscellaneous Manufacturing Non-durable Goods Service Providing Private Service Providing Trade, Transportion & Utilites Wholesale Retail Food & Beverage Stores Health and Personal Care Stores Trans, Warehousing & Utilities Utilities Transportation & Warehousing Air Transit and Ground Passenger Taxi and Limousine Service Information Telecomunications Financial Activities Finance and Insurance Credit Intermediation & Related Real Estate and Rental and Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Administative and Support Services Employment Services Other Support Services Education and Health Services Health Care and Social Assistance Ambulatory Health Care Services Hospitals Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Accommodation Casino Hotels and Gaming Casino Hotels Gaming Industries Food Services and Drinking Places Full-Service Restaurants Limited-Service Restaurants Other Services Government Federal State Local Non-Seasonally Adjusted Data. updated Sep-18

20 Non-Seasonally Adjusted Establishment Based Industrial Employment Reno-Sparks MSA ands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Manufacturing Miscellaneous Manufacturing Service Providing Private Service Providing Trade, Transportion & Utilites Wholesale Retail Food & Beverage Stores Trans, Warehousing & Utilities Information Financial Activites Finance and Insurance Professional & Business Services Administrative & Support and Waste Mgt Education and Health Services Leisure and Hospitality Accommodation and Food Service Accommodation Casino Hotels Food Services and Drinking Places Other Services Government Federal State Local Non-Seasonally Adjusted Data. updated Sep-18

21 Non-Seasonally Adjusted Establishment Based Industrial Employment Carson City MSA ands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Manufacturing Service Providing Private Service Providing Trade, Transportion & Utilites Retail Professional & Business Services Leisure and Hospitality Government Federal State Local Non-Seasonally Adjusted Data. updated Sep-18 Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

22 2018 LABOR FORCE SUMMARY DATA (Estimates in Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA- SA LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 4.9% 4.9% 4.9% 4.9% 4.8% 4.7% 4.6% 4.5% 4.5% 4.7% NEVADA- NSA LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE 5.2% 5.0% 5.0% 4.8% 4.2% 4.5% 4.5% 4.7% 4.4% 4.7% LAS VEGAS MSA* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 5.4% 5.2% 5.1% 5.0% 4.4% 4.7% 4.7% 4.9% 4.7% 4.9% RENO MSA* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 4.5% 4.2% 4.2% 3.9% 3.3% 3.5% 3.6% 3.7% 3.4% 3.8% CARSON CITY MSA * LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 5.8% 5.9% 5.7% 5.2% 4.2% 4.3% 4.3% 4.3% 4.2% 4.9% ELKO MICROPOLITAN AREA * LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 4.1% 3.8% 3.6% 3.4% 2.9% 3.0% 3.2% 3.3% 3.0% 3.4% Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Clark County 3/ Washoe and Storey Counties 4/ Carson City 5/ Elko and Eureka Counties

23 2018 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG CARSON CITY COUNTY* LABOR FORCE 25,860 26,299 26,285 26,268 26,360 26,426 26,594 26,394 26,359 26,316 EMPLOYMENT 24,356 24,749 24,788 24,894 25,245 25,293 25,454 25,247 25,262 25,032 UNEMPLOYMENT 1,504 1,550 1,497 1,374 1,115 1,133 1,140 1,147 1,097 1,284 UNEMPLOYMENT RATE 5.8% 5.9% 5.7% 5.2% 4.2% 4.3% 4.3% 4.3% 4.2% 4.9% CHURCHILL COUNTY* LABOR FORCE 10,492 10,817 11,223 10,567 11,093 11,322 11,302 10,968 11,208 10,999 EMPLOYMENT 9,955 10,321 10,741 10,125 10,714 10,897 10,851 10,505 10,790 10,544 UNEMPLOYMENT UNEMPLOYMENT RATE 5.1% 4.6% 4.3% 4.2% 3.4% 3.8% 4.0% 4.2% 3.7% 4.1% CLARK COUNTY* LABOR FORCE 1,084,970 1,095,597 1,094,655 1,097,515 1,097,559 1,097,668 1,109,201 1,110,829 1,114,300 1,100,255 EMPLOYMENT 1,026,553 1,038,660 1,038,375 1,042,476 1,049,136 1,045,644 1,056,646 1,056,449 1,062,151 1,046,232 UNEMPLOYMENT 58,417 56,937 56,280 55,039 48,423 52,024 52,555 54,380 52,149 54,023 UNEMPLOYMENT RATE 5.4% 5.2% 5.1% 5.0% 4.4% 4.7% 4.7% 4.9% 4.7% 4.9% DOUGLAS COUNTY* LABOR FORCE 22,698 22,975 23,083 22,781 23,037 23,531 23,687 23,358 23,324 23,164 EMPLOYMENT 21,518 21,871 21,976 21,737 22,120 22,592 22,755 22,356 22,398 22,147 UNEMPLOYMENT 1,180 1,104 1,107 1, , ,017 UNEMPLOYMENT RATE 5.2% 4.8% 4.8% 4.6% 4.0% 4.0% 3.9% 4.3% 4.0% 4.4% ELKO COUNTY* LABOR FORCE 26,810 26,856 27,326 26,677 27,025 27,560 27,706 27,389 27,474 27,203 EMPLOYMENT 25,694 25,831 26,334 25,774 26,246 26,723 26,811 26,479 26,643 26,282 UNEMPLOYMENT 1,116 1, UNEMPLOYMENT RATE 4.2% 3.8% 3.6% 3.4% 2.9% 3.0% 3.2% 3.3% 3.0% 3.4% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence.

24 2018 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG ESMERALDA COUNTY* LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE 4.3% 4.0% 3.6% 4.6% 5.3% 5.0% 5.0% 4.8% 4.1% 4.5% EUREKA COUNTY* LABOR FORCE 1,020 1,093 1, ,003 1,060 1, ,084 1,058 EMPLOYMENT 982 1,054 1, ,033 1, ,060 1,027 UNEMPLOYMENT UNEMPLOYMENT RATE 3.7% 3.6% 2.6% 2.9% 2.5% 2.5% 2.8% 3.3% 2.2% 2.9% HUMBOLDT COUNTY* LABOR FORCE 7,936 8,276 8,682 8,057 8,020 8,272 8,277 7,944 8,211 8,186 EMPLOYMENT 7,589 7,949 8,358 7,774 7,774 8,005 7,990 7,637 7,938 7,890 UNEMPLOYMENT UNEMPLOYMENT RATE 4.4% 4.0% 3.7% 3.5% 3.1% 3.2% 3.5% 3.9% 3.3% 3.6% LANDER COUNTY* LABOR FORCE 3,131 3,203 3,288 3,126 3,168 3,274 3,283 3,202 3,243 3,213 EMPLOYMENT 2,964 3,048 3,143 2,994 3,062 3,165 3,174 3,097 3,145 3,088 UNEMPLOYMENT UNEMPLOYMENT RATE 5.3% 4.8% 4.4% 4.2% 3.3% 3.3% 3.3% 3.3% 3.0% 3.9% LINCOLN COUNTY* LABOR FORCE 2,009 2,077 2,182 1,991 2,004 2,087 2,073 1,980 2,071 2,053 EMPLOYMENT 1,900 1,971 2,086 1,896 1,921 1,993 1,983 1,882 1,983 1,957 UNEMPLOYMENT UNEMPLOYMENT RATE 5.4% 5.1% 4.4% 4.8% 4.1% 4.5% 4.3% 4.9% 4.2% 4.6% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence.

25 2018 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG LYON COUNTY* LABOR FORCE 21,808 21,953 22,265 21,857 22,070 22,293 22,247 22,005 22,323 22,091 EMPLOYMENT 20,339 20,544 20,837 20,552 20,983 21,170 21,101 20,817 21,206 20,839 UNEMPLOYMENT 1,469 1,409 1,428 1,305 1,087 1,123 1,146 1,188 1,117 1,252 UNEMPLOYMENT RATE 6.7% 6.4% 6.4% 6.0% 4.9% 5.0% 5.2% 5.4% 5.0% 5.7% MINERAL COUNTY* LABOR FORCE 2,009 2,050 2,050 2,030 2,020 2,051 2,046 2,033 2,048 2,037 EMPLOYMENT 1,886 1,938 1,942 1,920 1,923 1,935 1,941 1,921 1,939 1,927 UNEMPLOYMENT UNEMPLOYMENT RATE 6.1% 5.5% 5.3% 5.4% 4.8% 5.7% 5.1% 5.5% 5.3% 5.4% NYE COUNTY* LABOR FORCE 16,413 16,570 16,742 16,534 16,800 16,974 16,754 16,619 16,932 16,704 EMPLOYMENT 15,316 15,545 15,740 15,578 15,921 16,041 15,799 15,625 15,960 15,725 UNEMPLOYMENT 1,097 1,025 1, UNEMPLOYMENT RATE 6.7% 6.2% 6.0% 5.8% 5.2% 5.5% 5.7% 6.0% 5.7% 5.9% PERSHING COUNTY* LABOR FORCE 2,557 2,682 2,850 2,549 2,518 2,601 2,653 2,519 2,644 2,619 EMPLOYMENT 2,428 2,547 2,718 2,433 2,427 2,505 2,558 2,412 2,548 2,508 UNEMPLOYMENT UNEMPLOYMENT RATE 5.0% 5.0% 4.6% 4.6% 3.6% 3.7% 3.6% 4.2% 3.6% 4.2% STOREY COUNTY* LABOR FORCE 1,990 2,019 2,005 2,033 2,038 2,035 2,043 2,044 2,059 2,030 EMPLOYMENT 1,878 1,910 1,912 1,933 1,950 1,954 1,950 1,957 1,976 1,936 UNEMPLOYMENT UNEMPLOYMENT RATE 5.6% 5.4% 4.6% 4.9% 4.3% 4.0% 4.6% 4.3% 4.0% 4.6% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence.

26 2018 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG WASHOE COUNTY* LABOR FORCE 241, , , , , , , , , ,434 EMPLOYMENT 230, , , , , , , , , ,058 UNEMPLOYMENT 10,865 10,258 10,294 9,539 8,204 8,630 8,791 9,267 8,538 9,376 UNEMPLOYMENT RATE 4.5% 4.2% 4.2% 3.9% 3.3% 3.5% 3.5% 3.7% 3.4% 3.8% WHITE PINE COUNTY* LABOR FORCE 4,436 4,488 4,589 4,498 4,662 4,812 4,817 4,716 4,771 4,643 EMPLOYMENT 4,233 4,293 4,391 4,309 4,507 4,643 4,640 4,550 4,622 4,465 UNEMPLOYMENT UNEMPLOYMENT RATE 4.6% 4.3% 4.3% 4.2% 3.3% 3.5% 3.7% 3.5% 3.1% 3.8% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence.