Unemployment Rate for August Holds Steady at 9.5 Percent

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1 For Immediate Release September 20, 2013 Unemployment Rate for August Holds Steady at 9.5 Percent Carson City, NV Nevada s unemployment rate remained at 9.5 percent for the month of August. The state added 11,200 jobs, the largest monthly gain in eight years. I am pleased to see that August brought with it the strongest month-to-month job gain since April 2005, Governor Brian Sandoval said. After all of the monthly ups and downs, we appear to be on track to add approximately 20,000 jobs in 2013, on top of the combined 30,000 created in 2011 and While recent evidence suggests that we are headed in the right direction, our stubbornly high unemployment rate illustrates that much room remains for improvement. Las Vegas rate of unemployment ticked down from 9.7 percent to 9.6 percent, while adding 9,600 jobs. For the northern metro areas, the Reno/Sparks rate dropped from 9.3 percent to 9.1 percent and the region added 2,200 jobs, while Carson City s rate of unemployment dropped from 9.5 percent to 9.4 percent, but shed 200 jobs. Over-the-year, the jobless rate in Nevada dropped 1.5 percentage points. Las Vegas is down by 1.8 percentage points from a year ago, Reno is down by 1.5 points, and Carson City s rate fell by 1.2 percentage points. Accounting for the volatile nature of the monthly estimates, perhaps it is best to look at the summer of 2013 as a whole, Anderson said. From June through August, jobs levels have increased by 7,900. This is the best summer Nevadans have experienced since 2005, which is a little surprising in light of the sharp decline in July, in advance of August s gain. All of Nevada s major sectors added employment over-the-month except financial activities, which lost 100 jobs. The private sector increased by 10,000, while government employment rose by 1,200 over-the-month. -##- Visit us and Follow us on Twitter:

2 jobs BRIAN SANDOVAL GOVERNOR RESEARCH AND ANALYSIS BUREAU FRANK R. WOODBECK DIRECTOR WILLIAM D. ANDERSON CHIEF ECONOMIST NEVADA LABOR MARKET OVERVIEW August 2013 On the heels of July s revised loss of 8,500 jobs, Nevada s economy demonstrated resilience by adding 11,200 jobs (seasonally adjusted) in August. Although we have previously emphasized not to place too much weight on one month s movement, August s gain of 11,200 jobs is noteworthy in that it represents the largest month-over-month gain since early At the same time, July s decline was the largest since early ,000 25,000 20,000 15,000 10,000 5,000 Some astute readers may have noticed the seesaw like movements in the month-to-month comparison one month up, the next one down so far in Accounting for the volatile nature of the monthly estimates, perhaps it is best to look at the summer of 2013 as a whole. From June through August, jobs levels have increased by 7,900. This is the best summer Nevadans have experienced since 2005, which is a little surprising in light of last month s sharp decline. To drive home the point, one month s movement does not signal a new trend, but rather highlights the month-to-month volatility of sample estimates, or 0 Nevada Nonfarm Job Growth (seasonally adjusted; year-over-year) S O N D J F M A M J J A S O N D J F M A M J J A sampling error. After considering a number of different methods and data sources, a good gauge of the true yearly increase is around 20,000 to 25,000 jobs. While the monthly estimates do experience ups and downs, a broader view of recent trends offers a picture of unequivocal and consistent growth in Nevada s job market. In August of this year we have 25,200 more jobs than in August of Further, a different perspective, using year-to-date job growth relative to last year, yields an addition of 22,300 during the first eight months of this year. The Statewide unemployment rate held steady at 9.5 percent over-themonth, firmly maintaining the single 500 E. Third St. Carson City, Nevada (775) Fax (775) Jobs Pct. Change 3% 2% 1% 0% percent change

3 16% 14% 12% 10% 8% 6% 4% 2% Unemployment Rate: Nevada vs. the U.S. (seasonally adjusted) 0% '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 digit range for all of Job growth in Las Vegas totaled 9,600 with the unemployment rate registering 9.6 percent 1. For the northern metro areas, Reno/Sparks added 2,200 jobs and Carson City shed 200 with unemployment rates of 9.1 and 9.4 percent, respectively. Over-the-year, the jobless rate in Las Vegas is down by 1.8 percentage points from a year ago, Reno is down by 1.5 points, and Carson City s rate fell by 1.2 percentage points. 1 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 9.4 percent in August, down from 9.5 percent in July and 11.1 percent in August NV Nevada and Sub-State Nonfarm Jobs: July - August Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Total Nonfarm Jobs 12,800 1,600 11,200 Private Sector 12,600 2,600 10,000 Public Sector 200-1,000 1,200 Las Vegas 10, ,600 Reno 2, ,200 Carson City U.S. Typically, August nonagricultural employment rises by about 1,600 relative to July. This year, however, 12,800 jobs were added, resulting in the seasonally adjusted gain noted above. All of Nevada s major sectors added employment over-the-month except financial activities, which lost a mere 100 jobs. The private sector increased by 10,000, while government employment rose by 1,200 over-the-month. Improvement in the statewide economy has spread into the housing market. Sales prices of homes in Nevada increased by 22.8 percent in 2013:IIQ. This is the most pronounced gain of any state, according to the Federal Housing Finance Administration (FHFA). Since bottoming out in the final months of 2011, prices are up by approximately one-third. Nationwide, prices bottomed out in mid-2011 and have increased nearly 11 percent since. Despite a relatively weak July, housing starts in the State are up 32 percent from a year ago through the first seven months of the year. Statewide housing permit activity is up 30 percent so far this year. So, all things considered, housing activity appears to be on the mend.

4 Construction employment has benefitted from the uptick in residential activity, albeit off of historical lows. Our complete count of jobs obtained from wage records submitted by employers covered by the unemployment insurance system, and reported under the Quarterly Census of Employment and Wages (QCEW) Program 2 shows that the construction sector added 4,700 jobs in this year s first quarter compared to a year ago, the most of any super-sector. Elsewhere, job gains were widespread with ten out of 11 supersectors adding to payrolls. Other notable gains are found in professional and business services (4,700 jobs) and leisure and hospitality (3,900). Information was the sole super-sector with job losses, Nevada Metro Area Nonfarm Job Growth (year-to-date; year-over-year) but the decline was less than 100. Even with a looming slowdown in mining as gold prices have eased considerably, hundreds of new jobs were added to the payrolls in 2013:IQ. Average wages in the mining industry are unsurpassed by any other super-sector. Because mining dominates some of Nevada s rural counties, high wages in mining translate into higher average wages for these counties. Eureka County claims the top position for highest average annual wage at $84,000, followed by Lander at $63,100 and then Humboldt at $50,200. Mining employment accounts for over 90 percent of all jobs in Eureka County. The counties containing the State s metropolitan areas are more diversified, causing their average wages to fall in the middle of the bunch. Clark County s average annual wage is $43,100, and the lowest average wage is in Lincoln County at $33,000. Las Vegas Reno Carson City Last month, we noted a growing debate concerning the quality of Nevada s recent job growth. Some might argue that the net gains of late have been concentrated in part-time, -5, ,000 10,000 15,000 20,000 25,000 30,000 low-wage industries/occupations. This month, we revisit that issue and look at job gains/losses from a wage perspective, utilizing information from Economic Modeling Specialists, Inc. (EMSI). It is estimated that net private sector job growth over the recovery period will be about 52,200. Economy-wide, 2 Information obtained through the QCEW Program provides a complete job count based upon quarterly wage records submitted by employers covered under the Unemployment Insurance System. Because generating this information is a time-consuming process, it is only available with a 4-5 month lag. In contrast, Current Employment Statistics are released every month, are sample based, and provide a more timely estimate of the current labor market. CES estimates are re-aligned to the QCEW count near the beginning of each year.

5 Esmeralda Lander Humboldt Elko Eureka White Pine Churchill Nevada Pershing Washoe Clark Carson City Storey Douglas Lincoln Nye Mineral Lyon County Unemployment Rates (year-to-date) 0% 2% 4% 6% 8% 10% 12% 14% 16% Nevada has not seen appreciable wage growth since Six years on and nominal wages are up by $42 a week. Had wages kept up with inflation, the average weekly wage would have been $905. A return to more noticeable wage growth would go a long way towards ensuring a continuation of our recent economic gains. average wages are estimated to be $42,200 annually. Some industries have declined over the period. EMSI estimates suggest that those industries accounted for gross job losses totaling 26,000 over the threeyear period. Furthermore, these industries pay wages which are just slightly above average, at $42,700. Growing industries account for gross job additions of 78,200 and pay wages just slightly below average, at $41,900. This evidence suggests that differences in the wage structures of growing and declining industries are minimal. In sum, it does not appear that Nevada is losing good jobs and replacing them with bad jobs. At the same time, available evidence does not suggest any upward pressure on the State s wage structure, either. Other available evidence supports this last conclusion. Average weekly wages in the State during the first quarter of this year show that wages are essentially unchanged from a year ago in nominal terms ($844 per week during the first three months of this year vs. $846 a year ago), though this does mean wages are declining in real terms. In fact, As Nevada s recovery progresses, economists in the Research and Analysis Bureau are sometimes asked for an appropriate target for the number of unemployed Nevadans. A brief history shows that the State had unusually low levels of unemployed through 2007, where it never broke above 64,000. Then as the recession took hold, the number of unemployed swelled to unprecedented heights. In 2010, the State averaged over 192,000. As of August, the number has fallen to a year-to-date average of 133,000, a drop of 59,000 from the peak. Given that our economy has grown over time, we cannot expect to return to unemployed levels of 60,000 or below, and we certainly do not want to be in the 150,000+ range either. So what is an appropriate level? The average unemployment rate since 1976 is 6.7 percent. At the current labor force level, this rate would yield an acceptable tolerance of 92,000 unemployed Nevadans. Perhaps an appropriate goal with psychological appeal, which would also allow for labor force growth, would be 100,000

6 unemployed Nevadans. The goal does appear attainable. From , the number of unemployed declined by over 30,000. Through the first eight months of this year, the number of Nevadans counted amongst the unemployed has eased by an additional 27,000. In last month s Overview, we examined small business job growth. This month, we take a more thorough look at employment changes across all private employment size classes. Results from this year s first quarter (the most recent information available) show job growth across all establishment size classifications, except in those establishments with workers, where job readings fell by 3,200 relative to the first three months of Largely, the decline resulted from a number of firms either moving into higher size classes and a few moving into the lower classes. Small establishments in the employee size class increased employment the most on a year ago basis, adding 7,200 jobs. Those establishments with no more than four employees added Nevada Nonfarm Job Growth by Industry (year-to-date; year-over-year) Leisure & Hospitality Trade, Transportation, & Utilities Education & Health Services Government Construction Financial Activities Mining & Logging Manufacturing close to 800 jobs over the year. The State s largest establishments, those with at least 1,000 jobs, were home to 3,100 more workers in the first three months of this year relative to the same period in Examining QCEW job growth rates over time, and for all 50 states (plus the District of Columbia), highlights Nevada s relative performance during the pre-recessionary boom, throughout the downturn, and into the early stages of the recovery. In the years preceding the economic downturn, Nevada led the country in employment growth. Indeed, Nevada had the highest private sector employment growth rate in the country in 2003 (3.5 percent), 2004 (6.4 percent), and 2005 (6.4 percent). Conversely, during the recession, Nevada was the most affected state in terms of employment growth. In fact, Nevada s employment growth was the lowest in the nation in 2009 (-10.1 percent) and 2010 (-2.8 percent). With the release of 2012:IVQ data for all states, we can consider Nevada s performance over the full year. We are currently growing at an annual rate of 1.9 percent, which is a higher rate than half of the other states in the nation. When we consider only the fourth quarter of 2012 against the same period in the previous year, Nevada s employment gains outpaced 31 states with a growth rate of 2.1 percent. Other Services Professional & Business Services -2, ,000 4,000 6,000 8,000 Nevada exports grew by a remarkable 28 percent in

7 2012, and we were one of 11 states achieving double-digit growth over the previous year. So far in 2013, export activity lags 2012 values by six percent through June. At the helm of 2013 s contraction are primary metal exports, down by $442.1 million (-17 percent) year-todate. Gold prices, which are highly correlated with primary metal exports for obvious reasons, are down 11 percent year-to-date. Nevada s second largest export category, miscellaneous manufacturing, which includes gaming machines, is up $157.6 million over-the-year. This category has shown steady growth since 2009 and achieved a new record in export value in 2013:IIQ. improvement in Nevada in the months ahead. The Nevada economy is very much dependent upon the willingness of consumers (including tourists) to spend their disposable income here. The Conference Board s Consumer Confidence Index measures consumers perception of the economy s health and is an important indicator of near-term economic growth in that consumer spending accounts for about twothirds of U.S. economic activity. In August, the Consumer Confidence Index jumped to its highest level in five years. On a related note, individuals are also becoming more confident in the health of the labor market. The share of Americans saying jobs are hard to get dropped to its lowest reading since September Consumers appear to be more upbeat about the labor market both in terms of jobs and income, according to August data. Hopefully, this will translate into continued labor market

8 Employment & Unemployment Estimates for August 2013 Unemployment Rates: Nevada Statewide 9.5% (Seasonally Adjusted) Las Vegas-Paradise MSA 9.6% Reno-Sparks MSA 9.1% Carson City MSA 9.4% Elko Micropolitan Area 5.5% United States 7.3% (Seasonally Adjusted) California (July) 8.7% (Seasonally Adjusted) 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) This information is embargoed until officially released on September 20, 2013

9 Nevada Labor Force and Unemployment (Estimates In Thousands) LABOR FORCE SUMMARY AUG 2013 AUG 2012 CHANGE % CHANGE JUL 2013 NEVADA STATEWIDE Seasonally Adjusted TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 9.5% 11.0% % TOTAL EMPLOYMENT 1/ % NEVADA STATEWIDE TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 9.5% 11.1% % TOTAL EMPLOYMENT 1/ % Las Vegas-Paradise MSA Includes Clark County TOTAL LABOR FORCE % UNEMPLOYMENT % 95.9 UNEMPLOYMENT RATE 9.6% 11.4% % TOTAL EMPLOYMENT 1/ % Reno-Sparks MSA Carson City MSA Includes Washoe and Storey Counties TOTAL LABOR FORCE % UNEMPLOYMENT % 20.4 UNEMPLOYMENT RATE 9.1% 10.6% % TOTAL EMPLOYMENT 1/ % TOTAL LABOR FORCE % 27.6 UNEMPLOYMENT % 2.6 UNEMPLOYMENT RATE 9.4% 10.6% % TOTAL EMPLOYMENT 1/ % 25.0 Elko Micropolitan Area Includes Elko and Eureka Counties TOTAL LABOR FORCE % 32.5 UNEMPLOYMENT % 1.8 UNEMPLOYMENT RATE 5.5% 5.8% % TOTAL EMPLOYMENT 1/ % 30.7 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. Information compiled by DETR's Research & Analysis Bureau

10 Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide (Estimates In Thousands) AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Natural Resources & Mining % 16.4 Construction % 51.9 Manufacturing % 39.5 Durable Goods % 24.9 Non-durable Goods % 14.6 Trade, Transportation & Utilities % Wholesale % 34.9 Retail % Transportation, Warehousing & Utilities % 52.6 Financial Activities % 54.8 Finance and Insurance % 30.8 Real Estate & Rental Leasing % 24.0 Professional & Business Services % Professional, Scientific and Technical % 46.9 Management of Companies % 19.7 Administrative & Support and Waste Mgt % 77.1 Education and Health Services % Educational Services % 9.6 Health Care and Social Assistance % 98.7 Leisure and Hospitality % Arts, Entertainment and Recreation % 26.3 Accommodation and Food Service % Other Services % 33.3 Government % Federal % 18.3 State % 37.4 Local % 94.9 Las Vegas-Paradise MSA AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Reno/Sparks MSA AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Carson City MSA AUG 2013 AUG 2012 CHANGE % CHANGE JUL % 27.6

11 Nevada Statewide (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Goods Producing % Natural Resources & Mining % 16.7 Metal Ore Mining % 12.5 Construction % 52.8 Construction of Buildings % 9.6 Specialty Trade Contractors % 35.1 Manufacturing % 39.9 Durable Goods % 25.2 Computer & Electronic Products % 11.0 Other Miscellaneous (Includes Slot Mfg.) % 7.1 Non-durable Goods % 14.7 Services Producing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 34.9 Retail % General Merchandise & Clothing % 47.6 Food & Beverage Stores % 20.3 Health and Personal Care Stores % 7.9 Transportation, Warehousing & Utilities % 52.4 Utilities % 4.0 Transportation & Warehousing % 48.4 Trucking, Couriers/Messengers, and % 22.0 Air % 6.2 Transit and Ground Passenger % 14.1 Taxi and Limousine Service % 10.7 Information % 12.4 Telecommunications % 4.2 Financial Activities % 54.8 Finance and Insurance % 30.8 Credit Intermediation & Related % 17.5 Real Estate & Rental Leasing % 24.0 Professional & Business Services % Professional, Scientific and Technical % 46.5 Management of Companies % 19.7 Administrative & Support and Waste Mgt % 75.7 Administrative & Support Services % 72.2 Employment Services % 16.8 Education and Health Services % Educational Services % 9.0 Health Care and Social Assistance % 98.9 Ambulatory Health Care Services % 44.8 Hospitals % 24.6 Leisure and Hospitality % Arts, Entertainment and Recreation % 26.7 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 9.8 Food Services and Drinking Places % Full-Service Restaurants % 51.0 Limited-Service Restaurants % 38.6 Other Services % 33.8 Government % Federal % 18.6 State % 35.0 Local % 89.8 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence.

12 Las Vegas-Paradise MSA Includes Clark County (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Goods Producing % 57.6 Natural Resources & Mining % 0.3 Construction % 37.1 Construction of Buildings % 6.5 Specialty Trade Contractors % 26.3 Building Foundation & Exterior Contractors % 6.2 Building Finishing Contractors % 6.6 Manufacturing % 20.2 Durable Goods % 11.8 Other Miscellaneous Manufacturing % 4.6 Non-durable Goods % 8.4 Services Producing % Private Service Providing % Trade, Transportion & Utilites % Wholesale % 20.5 Retail % General Merchandise & Clothing % 37.8 Food & Beverage Stores % 14.7 Health and Personal Care Stores % 6.4 Trans, Warehousing & Utilities % 35.4 Utilities % 2.6 Transportation & Warehousing % 32.8 Air % 5.7 Transit and Ground Passenger % 12.7 Taxi and Limousine Service % 10.5 Information % 9.1 Telecomunications % 3.1 Financial Activites % 41.5 Finance and Insurance % 23.0 Credit Intermediation & Related % 13.4 Real Estate and Rental and Leasing % 18.5 Professional & Business Services % Professional, Scientific and Technical % 33.2 Management of Companies % 15.6 Administrative & Support and Waste Mgt % 60.2 Administative and Support Services % 56.5 Employment Services % 11.1 Other Support Services % 6.5 Education and Health Services % 75.2 Health Care and Social Assistance % 67.2 Ambulatory Health Care Services % 32.5 Hospitals % 17.0 Leisure and Hospitality % Arts, Entertainment and Recreation % 17.5 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 5.0 Food Services and Drinking Places % 86.8 Full-Service Restaurants % 41.7 Limited-Service Restaurants % 29.2 Other Services % 24.4 Government % 91.0 Federal % 12.7 State % 17.2 Local % 61.1 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

13 Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT AUG 2013 AUG 2012 CHANGE % CHANGE JUL % Goods Producing % 21.0 Natural Resources & Mining % 0.3 Construction % 9.3 Manufacturing % 11.4 Miscellaneous Manufacturing % 2.5 Services Producing % Private Service Producing % Trade, Transportion & Utilites % 42.4 Wholesale % 8.7 Retail % 20.8 General Merchandise & Clothing % 6.7 Food & Beverage Stores % 3.2 Trans, Warehousing & Utilities % 12.9 Information % 2.0 Financial Activites % 9.1 Finance and Insurance % 5.5 Professional & Business Services % 23.8 Administrative & Support and Waste Mgt % 12.6 Education and Health Services % 21.9 Leisure and Hospitality % 36.0 Accommodation and Food Service % 29.5 Accommodation % 15.8 Casino Hotels % 14.7 Food Services and Drinking Places % 13.7 Other Services % 6.2 Government % 26.3 Federal % 3.6 State % 8.7 Local % 14.0 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders. Information compiled by DETR's Reseach & Analysis Bureau

14 Carson City MSA Includes Carson City (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT AUG 2013 AUG 2012 CHANGE % CHANGE JUL % 27.7 Goods Producing % 3.5 Manufacturing % 2.6 Services Producing % 24.2 Private Service Producing % 14.8 Trade, Transportion & Utilites % 3.8 Retail % 2.9 Professional & Business Services % 2.0 Leisure and Hospitality % 3.5 Government % 9.4 Federal % 0.6 State % 6.9 Local % 1.9 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence. 2/ Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders. Information compiled by DETR's Reseach & Analysis Bureau

15 2013 Seasonally Adjusted Industrial Employment (Estimates In Thousands) Nevada Statewide Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Natural Resources & Mining Construction Manufacturing Durable Goods Non-durable Goods Trade, Transportation & Utilities Wholesale Retail Transportation, Warehousing & Utilities Financial Activities Finance and Insurance Real Estate & Rental Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Education and Health Services Educational Services Health Care and Social Assistance Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Other Services Government Federal State Local Las Vegas MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Reno/Sparks MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Carson City MSA Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE This information is embargoes until officially released September 20, 2013 Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Information compiled by DETR's Reseach & Analysis Bureau Sep-13

16 Nevada Statewide 2013 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Goods Producing Natural Resources & Mining Metal Ore Mining Construction Construction of Buildings Specialty Trade Contractors Manufacturing Durable Goods Computer & Electronic Products Other Miscellaneous (Includes Slot Mfg.) Non-durable Goods Services Producing Private Service Providing Trade, Transportation & Utilities Wholesale Retail General Merchandise & Clothing Food & Beverage Stores Health and Personal Care Stores Transportation, Warehousing & Utilities Utilities Transportation & Warehousing Trucking, Couriers/Messengers, and Warehousing/Storage Air Transit and Ground Passenger Taxi and Limousine Service Information Telecommunications Financial Activities Finance and Insurance Credit Intermediation & Related Real Estate & Rental Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Administrative & Support Services Employment Services Education and Health Services Educational 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 Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Sep-13

17 Las Vegas-Paradise MSA 2013 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE 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 Services Producing Private Service Providing Trade, Transportion & Utilites Wholesale Retail General Merchandise & Clothing 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 Activites 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 Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Sep-13

18 Reno-Sparks MSA 2013 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Goods Producing Natural Resources & Mining Construction Manufacturing Miscellaneous Manufacturing Services Producing Private Service Producing Trade, Transportion & Utilites Wholesale Retail General Merchandise & Clothing 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 Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Sep-13

19 Carson City MSA 2013 Industrial Employment Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Goods Producing Manufacturing Services Producing Private Service Producing Trade, Transportion & Utilites Retail Professional & Business Services Leisure and Hospitality Government Federal State Local Detail may not add due to rounding. This report reflects non-ag employment by place of work. It does not necessarily coincide with labor force concept. Includes multiple jobholders. Sep-13 Information compiled by DETR's Reseach & Analysis Bureau

20 2013 NEVADA LABOR FORCE SUMMARY DATA Estimates In Thousands Revised September JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 10.2% 9.8% 9.8% 9.5% 9.2% 9.9% 9.5% 9.4% 9.7% RATE-SEASONALLY ADJ. 9.7% 9.6% 9.7% 9.6% 9.5% 9.6% 9.5% 9.5% 9.6% TOTAL EMPLOYMENT 1/ LAS VEGAS MSA 2/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 10.2% 9.8% 9.8% 9.5% 9.3% 10.1% 9.7% 9.6% 9.8% TOTAL EMPLOYMENT 1/ RENO MSA 3/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 10.5% 10.1% 10.0% 9.7% 9.3% 9.8% 9.3% 9.1% 9.7% TOTAL EMPLOYMENT 1/ CARSON CITY MSA 4/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 11.2% 10.7% 10.6% 10.1% 9.5% 10.1% 9.5% 9.4% 10.1% TOTAL EMPLOYMENT 1/ ELKO MICROPOLITAN AREA 5/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 6.0% 5.8% 5.9% 5.6% 5.2% 6.0% 5.7% 5.5% 5.7% TOTAL EMPLOYMENT 1/ 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

21 2013 NEVADA LABOR FORCE SUMMARY DATA Revised September JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG CARSON CITY TOTAL LABOR FORCE 27,100 27,530 27,440 27,100 27,220 27,450 27,560 27,030 27,300 UNEMPLOYMENT 3,030 2,950 2,910 2,750 2,600 2,790 2,610 2,550 2,770 UNEMPLOYMENT RATE 11.2% 10.7% 10.6% 10.1% 9.5% 10.1% 9.5% 9.4% 10.1% TOTAL EMPLOYMENT 1/ 24,070 24,580 24,530 24,350 24,620 24,660 24,950 24,480 24,530 CHURCHILL COUNTY TOTAL LABOR FORCE 12,670 12,630 12,720 12,730 12,920 12,960 12,900 12,660 12,770 UNEMPLOYMENT 1,160 1,100 1,100 1, ,050 1, ,050 UNEMPLOYMENT RATE 9.1% 8.7% 8.7% 8.3% 7.6% 8.1% 7.7% 7.7% 8.2% TOTAL EMPLOYMENT 1/ 11,510 11,530 11,620 11,680 11,930 11,910 11,900 11,680 11,720 CLARK COUNTY TOTAL LABOR FORCE 986, , , , , , , , ,850 UNEMPLOYMENT 100,660 97,080 97,170 94,840 92, ,090 95,910 94,350 96,570 UNEMPLOYMENT RATE 10.2% 9.8% 9.8% 9.5% 9.3% 10.1% 9.7% 9.6% 9.8% TOTAL EMPLOYMENT 1/ 885, , , , , , , , ,280 DOUGLAS COUNTY TOTAL LABOR FORCE 20,870 21,000 20,840 20,760 21,410 21,710 21,990 21,400 21,250 UNEMPLOYMENT 2,470 2,410 2,360 2,250 2,190 2,270 2,110 2,010 2,260 UNEMPLOYMENT RATE 11.8% 11.5% 11.3% 10.8% 10.2% 10.4% 9.6% 9.4% 10.6% TOTAL EMPLOYMENT 1/ 18,400 18,590 18,480 18,510 19,220 19,440 19,880 19,390 18,990 ELKO COUNTY TOTAL LABOR FORCE 30,230 30,480 30,640 30,770 30,750 31,210 31,350 30,810 30,770 UNEMPLOYMENT 1,810 1,760 1,810 1,740 1,600 1,870 1,770 1,690 1,750 UNEMPLOYMENT RATE 6.0% 5.8% 5.9% 5.6% 5.2% 6.0% 5.6% 5.5% 5.7% TOTAL EMPLOYMENT 1/ 28,420 28,720 28,830 29,030 29,150 29,340 29,580 29,120 29,020 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

22 2013 NEVADA LABOR FORCE SUMMARY DATA Revised September JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG ESMERALDA COUNTY TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 4.5% 4.2% 4.3% 3.5% 3.6% 4.4% 4.4% 4.2% 4.1% TOTAL EMPLOYMENT EUREKA COUNTY TOTAL LABOR FORCE 1,100 1,120 1,120 1,120 1,130 1,140 1,150 1,140 1,130 UNEMPLOYMENT UNEMPLOYMENT RATE 5.7% 6.3% 6.1% 5.6% 5.7% 6.3% 6.4% 6.6% 6.1% TOTAL EMPLOYMENT 1,040 1,050 1,050 1,060 1,070 1,070 1,080 1,060 1,060 HUMBOLDT COUNTY TOTAL LABOR FORCE 9,570 9,630 9,710 9,850 10,150 10,330 10,310 10,040 9,950 UNEMPLOYMENT UNEMPLOYMENT RATE 5.8% 5.7% 5.7% 5.4% 5.1% 6.1% 5.8% 5.7% 5.7% TOTAL EMPLOYMENT 9,010 9,080 9,160 9,320 9,630 9,700 9,710 9,470 9,390 LANDER COUNTY TOTAL LABOR FORCE 4,710 4,720 4,900 4,920 4,950 5,080 5,110 5,050 4,920 UNEMPLOYMENT UNEMPLOYMENT RATE 5.6% 5.4% 5.3% 5.2% 4.7% 5.1% 4.8% 4.7% 5.1% TOTAL EMPLOYMENT 4,450 4,470 4,640 4,660 4,720 4,820 4,860 4,810 4,670 LINCOLN COUNTY TOTAL LABOR FORCE 1,740 1,740 1,780 1,790 1,770 1,810 1,790 1,760 1,770 UNEMPLOYMENT UNEMPLOYMENT RATE 12.2% 11.8% 12.2% 11.6% 10.8% 12.1% 11.7% 11.8% 11.8% TOTAL EMPLOYMENT 1,530 1,530 1,560 1,580 1,580 1,590 1,580 1,550 1,560 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

23 2013 NEVADA LABOR FORCE SUMMARY DATA Revised September JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG LYON COUNTY TOTAL LABOR FORCE 21,270 21,280 21,850 21,960 22,210 22,340 22,230 21,700 21,860 UNEMPLOYMENT 3,250 3,130 3,040 2,940 2,780 2,920 2,740 2,690 2,940 UNEMPLOYMENT RATE 15.3% 14.7% 13.9% 13.4% 12.5% 13.1% 12.3% 12.4% 13.5% TOTAL EMPLOYMENT 1/ 18,020 18,150 18,810 19,020 19,430 19,420 19,490 19,010 18,920 MINERAL COUNTY TOTAL LABOR FORCE 1,860 1,880 1,900 1,880 1,970 2,010 1,990 1,970 1,930 UNEMPLOYMENT UNEMPLOYMENT RATE 12.7% 12.8% 12.9% 12.4% 11.3% 12.5% 11.7% 12.0% 12.3% TOTAL EMPLOYMENT 1/ 1,620 1,640 1,650 1,650 1,750 1,760 1,760 1,730 1,690 NYE COUNTY TOTAL LABOR FORCE 17,600 17,660 17,420 17,430 17,380 17,470 17,180 16,820 17,360 UNEMPLOYMENT 2,170 2,090 2,100 2,050 1,980 2,120 2,000 1,930 2,050 UNEMPLOYMENT RATE 12.3% 11.9% 12.1% 11.8% 11.4% 12.1% 11.6% 11.5% 11.8% TOTAL EMPLOYMENT 1/ 15,430 15,570 15,320 15,380 15,400 15,350 15,180 14,890 15,310 PERSHING COUNTY TOTAL LABOR FORCE 2,730 2,720 2,880 2,890 2,900 2,920 2,930 2,850 2,860 UNEMPLOYMENT UNEMPLOYMENT RATE 11.0% 10.7% 10.3% 9.6% 8.7% 9.7% 8.9% 8.9% 9.7% TOTAL EMPLOYMENT 1/ 2,430 2,430 2,580 2,610 2,650 2,640 2,670 2,600 2,580 STOREY COUNTY TOTAL LABOR FORCE 2,130 2,130 2,100 2,090 2,110 2,100 2,070 2,050 2,090 UNEMPLOYMENT UNEMPLOYMENT RATE 12.0% 11.1% 10.8% 10.7% 10.9% 10.5% 9.7% 8.8% 10.6% TOTAL EMPLOYMENT 1/ 1,870 1,890 1,870 1,870 1,880 1,880 1,870 1,870 1,870 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.