Nevada s Unemployment Rate Drops to 9 Percent

Transcription

1 For Immediate Release December 20, 2013 Nevada s Unemployment Rate Drops to 9 Percent Carson City, NV Nevada s unemployment rate fell to 9 percent in November, down from 9.3 percent in October, making it the most significant improvement in the unemployment rate since last November. I am encouraged by recent labor market trends, Governor Brian Sandoval said. The unemployment rate is the lowest it has been since November 2008 and employment has increased for 35 consecutive months (measured on a year-over-year basis), with nearly every sector of Nevada s economy making a contribution. As we end 2013, Nevada expects to have added approximately 50,000 jobs since However, with 123,000 Nevadans still unemployed, we must continue our efforts to strengthen and diversify the State s economy. For the second month the state has added jobs, with an adjusted addition of 9,500 in November relative to October, said Bill Anderson, chief economist for Nevada s Department of Employment, Training and Rehabilitation. Each of the metropolitan areas saw year over year and monthly declines in their rates of unemployment. Las Vegas rate fell to 8.6 percent; Reno s rate measured at 8.2 percent and Carson City s rate stands at 9.1 percent. While the continued decline in the unemployment rate is good news, Nevada s recovery is still slow compared to other states, Anderson said. Because the Silver State was the hardest hit, its recovery will take longer. Of the jobs lost during 2007 to 2011, about one-quarter of them have returned. 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 November 2013 For the second month in a row, employment in Nevada advanced with above average growth. The seasonally adjusted addition of 9,500 jobs in November was above the 2013 average gain of 1,600, as was October s revised estimate of 6,600. Nevada s unemployment rate fell to nine percent in November from 9.3 percent in October. The decline 30,000 was also remarkable in that 25,000 a drop of at least 0.3 has not been experienced since 20,000 November of last year. Still 15,000 there are 123,000 10,000 unemployed Nevadans. 5,000 While not directly 0 comparable to the State information reported above, non-seasonally adjusted unemployment rates in the State s three largest population centers fell over the month. More importantly, each area recorded year-over-year declines ranging from 0.6 percentage point in Carson City to 1.2 points in Las Vegas and Reno/Sparks. Carson City remains home to the highest rate of the three metro areas at 9.1 percent. Las Vegas has a rate of 8.6 percent and in the Reno/Sparks area the rate measured 8.2 percent. Given historical trends, we would expect a slight decline of about 700 jobs from October to November. This November, job levels increased by 8,800. The end result is the seasonally adjusted gain of 9,500 reported above. Nevada Nonfarm Job Growth (seasonally adjusted; year-over-year) D J F M A M J J A S O N D J F M A M J J A S O N The U.S. economy continues to recover as well. Employment has increased for 38 consecutive months and has averaged 189,000 new jobs per month in The U.S. economy is about 880,000 jobs shy of its former peak, which was set in At the current rate of job production, employment levels should hit the recovery mark (the previous peak) sometime in 2014 barring any unforeseen 500 E. Third St. Carson City, Nevada (775) Fax (775) Jobs Pct. Change 3% 2% 1% 0% percent change

3 impediments. The nation s unemployment rate also fell by 0.3 percentage point from October to November, to seven percent. Nevada and Sub-State Nonfarm Jobs: Sept. - Oct. Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Total Nonfarm Jobs 8, ,500 Private Sector 8, ,600 Public Sector Las Vegas 700-5,200 5,900 Reno , Carson City Many states, especially in the midwest, have already put the recession in their rear view mirror. These states have recovered, meaning current employment levels are above their former peak. Nevada s recovery is less developed because it was one of the last states to begin growing again. Of the jobs lost during 2007 to 2011, about one quarter of them have returned. The State has recovered relatively more jobs than Rhode Island, Alabama, and New Mexico. Nevada Nonfarm Job Growth by Industry (year-to-date; year-over-year) Leisure & Hospitality Trade, Transportation, & Utilities Government Construction Financial Activities Mining & Logging Manufacturing Other Services Education & Health Services Professional & Business Services -2, ,000 4,000 6,000 8,000 Employment counts in the retail trade sector moved above prerecession levels for the first time. Pre-recession levels peaked in 2007 at 139,800, fell to a low in 2010 at 127,200, and for the first time, reached above to 143,400 jobs in November. If these levels hold, retail trade is in an expansionary phase sooner than anticipated. Shopping has become a tourist magnet in the Silver State, and thus is a comparative advantage. Although some areas of the labor market are bouncing back, real wages, which account for inflation, are not. Comparing the first six months of the year relative to the same period in the previous year, total wages have grown by 0.8 percent. However, inflation has grown at a rate of 1.5 percent, indicating that Nevada s average weekly wages are not keeping up with inflation. The Bureau of Labor Statistics reports six alternative measures of labor underutilization, deemed the U1-U6 rates, with the official unemployment rate most similar to the U-3 rate. The official ranks of the unemployed include all people without jobs who are ready to work and have actively sought employment in the prior four weeks. The other measures are provided to analyze the rate by redefining the official concept. Of the six other

4 measures of underemployment, most attention is paid to the discouraged workers (U-4) Nevada and involuntary part-timers (U-6). Including all the Las Vegas people discouraged over jobs prospects (not included Reno in the official definition because of failing to meet the job search criteria), the Carson City unemployment rate would increase by about 0.8 percentage point. The broadest measure of labor underutilization rates, U-6, includes involuntary part-timers, defined as those working part-time, but who would prefer full-time work. The U-6 rate, at 18.1 percent, peaked in the four-quarters ending in 2011:IQ at 23.7 percent. 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 In the Reno-Sparks area a cold front led to a record consumption of natural gas in a 24 hour period in early December. A cold winter in most of the U.S. and Nevada has halted gains in the construction industry; the sector lost 1,200 seasonally adjusted jobs over the month. The financial activities sector NV U.S. Metro Area Nonfarm Job Growth (year-to-date; year-over-year) -5, ,000 10,000 15,000 20,000 25,000 30,000 may also be struggling to lock in gains. In November it contracted by 1,000 positions, and year-over-year figures are flat. This month we look at employment in the logistics and operations industries, which are housed in the trade, transportation, and utilities sector. Nevada stands to emerge as a hub, so to speak, due to the State s location in the western U.S. Many companies have moved their operations to Nevada partly because most major western cities are within one or two days driving distance. Approximately 63,000 people are currently employed in these industries in Nevada, and logistics and operations employment as a whole has grown by nine percent since The top employing sub-sector is general warehousing and storage with 10,000 employees, which is 16 percent of the total employment for the logistics and operations industry. General warehousing and storage has experienced a growth of 133

5 percent since 2002, more than doubling in ten years. The national growth rate for this sub-sector was at 36 percent for the same time period. Another top growth sub-sector is local specialized freight trucking. This subsector has grown by 107 percent since 2002, compared to a 13 percent national growth rate. The health care and social assistance sector is a stalwart creator of new jobs. It sits 3,600 jobs above last year s reading as of November. Near-term demand is likely to increase due to the implementation of the Affordable Care Act. The increased demand for healthcare services should lead to more jobs in the sector. Some are concerned that employers will cut back positions in response to the Affordable Care Act. Employers near the 50 full-time equivalent threshold may find it less expensive to stay below that level than to provide health care. Anecdotal evidence concerning the extent to which this is actually happening can be obtained by examining the employment records that nearly all Nevada employers must submit in compliance with unemployment insurance laws. Over 60,000 unique business establishment records were examined with the vast majority (58,700) of businesses staying either above or below the 50 employee threshold between 2012:IIQ and 2013:IIQ. About 230 establishments fell below 50 employees when they were above a year earlier, and about 320 establishments rose above the 50 employee mark when they were below a year earlier. (It should be noted that the ACA threshold refers to full-time equivalent employees. Employers in Nevada do not report hours worked in submitting unemployment insurance records, hence, an FTE count cannot be calculated.) The Research and Analysis Bureau continues to investigate the relatively high unemployment rates for Blacks. One hypothesis is that Blacks were more concentrated in industries that lost a disproportionate amount of jobs over the recession. The five industries that lost the most jobs from 2006 to 2010 were construction (-83,600), accommodation and food services (-23,600), administrative/support/waste management (-19,000), manufacturing (-12,400), and retail (- 9,600). Prior to the recession, Blacks were more concentrated in administrative/support/waste management/remediation services, but less concentrated in construction. The differences between the share of Black employment in these hardest hit industries compared with the share of jobs economy wide do little to explain the differences seen in the unemployment rates. The end of the year means the beginning of the benchmarking process where the sample based Current Employment Statistics (CES) reported each month are realigned with the most accurate levels of employment available. Approximately 98 percent of all employment in Nevada is recorded

6 in the unemployment insurance records and reported in the Quarterly Census of Employment and Wages (QCEW). The CES program is the more visible of the two because it provides a snapshot of current movements in Nevada s labor market versus a six month delay in the QCEW series. workers, where job readings fell 800, relative to 2012:IIQ. Recently the Research and Analysis Bureau released 2013:IIQ QCEW results. Comparing them to CES estimates, we can see how some sectors will likely be changed in the benchmark. For example, the professional and business services sector has struggled according to CES estimates, but QCEW shows the sector has added the most jobs in the first half of 2013 compared to The construction industry had the highest growth rate in the QCEW series, increasing by ten percent. In the CES estimates, it was up by 4.5 percent in the first half of the year. We can now conclude that every major sector in Nevada s economy is adding to payrolls except government. Although, its loss was a mere 60 jobs. In the second quarter, the total number of jobs in the private sector was up by 25,400 according to QCEW estimates. Small businesses with zero to 99 employees created more than three quarters of the total private sector jobs. Jobs among employers with employees accounted for about ten percent of the gains, or 2,400 jobs from a year ago. The exception to employment growth by size class, are the establishments with

7 Employment & Unemployment Estimates for November 2013 Unemployment Rates: Nevada Statewide 9.0% (Seasonally Adjusted) Las Vegas-Paradise MSA 8.6% Reno-Sparks MSA 8.2% Carson City MSA 9.1% Elko Micropolitan Area 5.1% United States 7.0% (Seasonally Adjusted) California Oct) 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

8 Nevada Labor Force and Unemployment (Estimates In Thousands) LABOR FORCE SUMMARY NOV 2013 NOV 2012 CHANGE % CHANGE OCT 2013 NEVADA STATEWIDE Seasonally Adjusted TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 9.0% 10.0% % TOTAL EMPLOYMENT 1/ % NEVADA STATEWIDE TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 8.5% 9.6% % TOTAL EMPLOYMENT 1/ % Las Vegas-Paradise MSA Includes Clark County TOTAL LABOR FORCE % UNEMPLOYMENT % 92.6 UNEMPLOYMENT RATE 8.6% 9.8% % TOTAL EMPLOYMENT 1/ % Reno-Sparks MSA Carson City MSA Includes Washoe and Storey Counties TOTAL LABOR FORCE % UNEMPLOYMENT % 19.4 UNEMPLOYMENT RATE 8.2% 9.4% % TOTAL EMPLOYMENT 1/ % TOTAL LABOR FORCE % 26.7 UNEMPLOYMENT % 2.5 UNEMPLOYMENT RATE 9.1% 9.7% % TOTAL EMPLOYMENT 1/ % 24.2 Elko Micropolitan Area Includes Elko and Eureka Counties TOTAL LABOR FORCE % 31.3 UNEMPLOYMENT % 1.7 UNEMPLOYMENT RATE 5.1% 5.0% % TOTAL EMPLOYMENT 1/ % 29.6 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

9 Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide (Estimates In Thousands) NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Natural Resources & Mining % 16.7 Construction % 55.2 Manufacturing % 39.9 Durable Goods % 25.0 Non-durable Goods % 14.9 Trade, Transportation & Utilities % Wholesale % 35.7 Retail % Transportation, Warehousing & Utilities % 53.1 Financial Activities % 55.2 Finance and Insurance % 30.8 Real Estate & Rental Leasing % 24.4 Professional & Business Services % Professional, Scientific and Technical % 46.5 Management of Companies % 19.4 Administrative & Support and Waste Mgt % 74.2 Education and Health Services % Educational Services % 10.1 Health Care and Social Assistance % Leisure and Hospitality % Arts, Entertainment and Recreation % 26.8 Accommodation and Food Service % Other Services % 33.5 Government % Federal % 18.2 State % 37.8 Local % 95.2 Las Vegas-Paradise MSA NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Reno/Sparks MSA NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Carson City MSA NOV 2013 NOV 2012 CHANGE % CHANGE OCT % 27.4

10 Nevada Statewide (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Goods Producing % Natural Resources & Mining % 16.7 Metal Ore Mining % 12.3 Construction % 56.3 Construction of Buildings % 10.1 Specialty Trade Contractors % 36.5 Manufacturing % 40.1 Durable Goods % 25.1 Computer & Electronic Products % 11.2 Other Miscellaneous (Includes Slot Mfg.) % 7.2 Non-durable Goods % 15.0 Services Producing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 36.0 Retail % General Merchandise & Clothing % 48.5 Food & Beverage Stores % 20.6 Health and Personal Care Stores % 8.4 Transportation, Warehousing & Utilities % 53.7 Utilities % 3.9 Transportation & Warehousing % 49.8 Trucking, Couriers/Messengers, and % 22.7 Air % 6.3 Transit and Ground Passenger % 14.2 Taxi and Limousine Service % 10.8 Information % 12.6 Telecommunications % 4.2 Financial Activities % 55.2 Finance and Insurance % 30.7 Credit Intermediation & Related % 17.0 Real Estate & Rental Leasing % 24.5 Professional & Business Services % Professional, Scientific and Technical % 46.8 Management of Companies % 19.4 Administrative & Support and Waste Mgt % 76.0 Administrative & Support Services % 72.5 Employment Services % 17.9 Education and Health Services % Educational Services % 10.2 Health Care and Social Assistance % Ambulatory Health Care Services % 45.2 Hospitals % 24.7 Leisure and Hospitality % Arts, Entertainment and Recreation % 26.5 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 9.8 Food Services and Drinking Places % Full-Service Restaurants % 51.1 Limited-Service Restaurants % 38.4 Other Services % 33.8 Government % Federal % 18.1 State % 39.2 Local % 96.4 UNEMPLOYMENT RATES BASED ON UNROUNDED DATA 1/ Adjusted by census relationships to reflect number of persons by place of residence.

11 Las Vegas-Paradise MSA Includes Clark County (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Goods Producing % 58.6 Natural Resources & Mining % 0.3 Construction % 38.1 Construction of Buildings % 6.9 Specialty Trade Contractors % 26.1 Building Foundation & Exterior Contractors % 6.4 Building Finishing Contractors % 7.2 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 % 20.9 Retail % General Merchandise & Clothing % 38.5 Food & Beverage Stores % 14.9 Health and Personal Care Stores % 6.7 Trans, Warehousing & Utilities % 36.0 Utilities % 2.6 Transportation & Warehousing % 33.4 Air % 5.8 Transit and Ground Passenger % 12.8 Taxi and Limousine Service % 10.7 Information % 9.1 Telecomunications % 3.0 Financial Activites % 42.7 Finance and Insurance % 23.6 Credit Intermediation & Related % 13.3 Real Estate and Rental and Leasing % 19.1 Professional & Business Services % Professional, Scientific and Technical % 33.5 Management of Companies % 15.5 Administrative & Support and Waste Mgt % 60.5 Administative and Support Services % 56.9 Employment Services % 12.1 Other Support Services % 7.0 Education and Health Services % 78.6 Health Care and Social Assistance % 67.6 Ambulatory Health Care Services % 32.9 Hospitals % 17.1 Leisure and Hospitality % Arts, Entertainment and Recreation % 17.7 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 5.0 Food Services and Drinking Places % 85.4 Full-Service Restaurants % 41.9 Limited-Service Restaurants % 29.0 Other Services % 24.5 Government % 99.1 Federal % 12.5 State % 20.4 Local % 66.2 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.

12 Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT NOV 2013 NOV 2012 CHANGE % CHANGE OCT % Goods Producing % 21.5 Natural Resources & Mining % 0.2 Construction % 9.8 Manufacturing % 11.5 Miscellaneous Manufacturing % 2.6 Services Producing % Private Service Producing % Trade, Transportion & Utilites % 44.4 Wholesale % 8.9 Retail % 22.0 General Merchandise & Clothing % 7.0 Food & Beverage Stores % 3.4 Trans, Warehousing & Utilities % 13.5 Information % 2.0 Financial Activites % 9.1 Finance and Insurance % 5.7 Professional & Business Services % 25.0 Administrative & Support and Waste Mgt % 12.9 Education and Health Services % 22.2 Leisure and Hospitality % 35.7 Accommodation and Food Service % 29.6 Accommodation % 16.0 Casino Hotels % 14.8 Food Services and Drinking Places % 13.6 Other Services % 6.1 Government % 28.9 Federal % 3.5 State % 9.8 Local % 15.6 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

13 Carson City MSA Includes Carson City (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT NOV 2013 NOV 2012 CHANGE % CHANGE OCT % 27.5 Goods Producing % 3.5 Manufacturing % 2.6 Services Producing % 24.0 Private Service Producing % 14.6 Trade, Transportion & Utilites % 3.8 Retail % 3.0 Professional & Business Services % 2.1 Leisure and Hospitality % 3.4 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

14 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 November 22, 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 Dec-13

15 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. Dec-13

16 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. Dec-13

17 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. Dec-13

18 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. Dec-13 Information compiled by DETR's Reseach & Analysis Bureau

19 2013 NEVADA LABOR FORCE SUMMARY DATA Estimates In Thousands Revised December 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% 9.2% 9.2% 8.5% 9.5% RATE-SEASONALLY ADJ. 9.7% 9.6% 9.7% 9.6% 9.5% 9.6% 9.5% 9.5% 9.4% 9.3% 9.0% 9.5% 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% 9.4% 9.4% 8.6% 9.6% 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% 8.8% 8.8% 8.2% 9.4% 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% 9.5% 9.4% 9.5% 9.1% 9.9% 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% 5.3% 5.5% 5.1% 5.6% TOTAL EMPLOYMENT 1/ This information is embargoed until officially released on December 20, 2013 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

20 2013 NEVADA LABOR FORCE SUMMARY DATA Revised December 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 26,950 26,920 26,700 26,470 27,130 UNEMPLOYMENT 3,030 2,950 2,910 2,750 2,600 2,790 2,610 2,550 2,520 2,530 2,400 2,690 UNEMPLOYMENT RATE 11.2% 10.7% 10.6% 10.1% 9.5% 10.1% 9.5% 9.5% 9.4% 9.5% 9.1% 9.9% TOTAL EMPLOYMENT 1/ 24,070 24,580 24,530 24,350 24,620 24,660 24,950 24,400 24,400 24,170 24,070 24,440 CHURCHILL COUNTY TOTAL LABOR FORCE 12,670 12,630 12,720 12,730 12,920 12,960 12,900 12,890 12,820 12,810 12,680 12,790 UNEMPLOYMENT 1,160 1,100 1,100 1, ,050 1, ,020 UNEMPLOYMENT RATE 9.1% 8.7% 8.7% 8.3% 7.6% 8.1% 7.7% 7.6% 7.4% 7.5% 7.1% 8.0% TOTAL EMPLOYMENT 1/ 11,510 11,530 11,620 11,680 11,930 11,910 11,900 11,920 11,870 11,840 11,780 11,770 CLARK COUNTY TOTAL LABOR FORCE 986, , , , , , , , , , , ,460 UNEMPLOYMENT 100,660 97,080 97,170 94,840 92, ,090 95,910 94,540 92,620 92,620 85,130 94,830 UNEMPLOYMENT RATE 10.2% 9.8% 9.8% 9.5% 9.3% 10.1% 9.7% 9.6% 9.4% 9.4% 8.6% 9.6% TOTAL EMPLOYMENT 1/ 885, , , , , , , , , , , ,630 DOUGLAS COUNTY TOTAL LABOR FORCE 20,870 21,000 20,840 20,760 21,410 21,710 21,990 21,590 21,280 20,920 20,670 21,180 UNEMPLOYMENT 2,470 2,410 2,360 2,250 2,190 2,270 2,110 2,050 1,990 2,020 1,860 2,180 UNEMPLOYMENT RATE 11.8% 11.5% 11.3% 10.8% 10.2% 10.4% 9.6% 9.5% 9.4% 9.6% 9.0% 10.3% TOTAL EMPLOYMENT 1/ 18,400 18,590 18,480 18,510 19,220 19,440 19,880 19,540 19,290 18,900 18,810 19,000 ELKO COUNTY TOTAL LABOR FORCE 30,230 30,480 30,640 30,770 30,750 31,210 31,350 30,840 30,490 30,200 29,930 30,630 UNEMPLOYMENT 1,810 1,760 1,810 1,740 1,600 1,870 1,770 1,680 1,610 1,650 1,520 1,710 UNEMPLOYMENT RATE 6.0% 5.8% 5.9% 5.6% 5.2% 6.0% 5.6% 5.4% 5.3% 5.5% 5.1% 5.6% TOTAL EMPLOYMENT 1/ 28,420 28,720 28,830 29,030 29,150 29,340 29,580 29,160 28,880 28,550 28,410 28,920 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.

21 2013 NEVADA LABOR FORCE SUMMARY DATA Revised December 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% 3.8% 3.5% 3.1% 2.7% 3.8% TOTAL EMPLOYMENT EUREKA COUNTY TOTAL LABOR FORCE 1,100 1,120 1,120 1,120 1,130 1,140 1,150 1,150 1,130 1,100 1,090 1,130 UNEMPLOYMENT UNEMPLOYMENT RATE 5.7% 6.3% 6.1% 5.6% 5.7% 6.3% 6.4% 6.7% 6.0% 5.6% 4.7% 5.9% TOTAL EMPLOYMENT 1,040 1,050 1,050 1,060 1,070 1,070 1,080 1,070 1,060 1,040 1,040 1,060 HUMBOLDT COUNTY TOTAL LABOR FORCE 9,570 9,630 9,710 9,850 10,150 10,330 10,310 9,990 9,910 9,890 9,800 9,930 UNEMPLOYMENT UNEMPLOYMENT RATE 5.8% 5.7% 5.7% 5.4% 5.1% 6.1% 5.8% 5.7% 5.8% 6.0% 5.6% 5.7% TOTAL EMPLOYMENT 9,010 9,080 9,160 9,320 9,630 9,700 9,710 9,420 9,330 9,300 9,250 9,360 LANDER COUNTY TOTAL LABOR FORCE 4,710 4,720 4,900 4,920 4,950 5,080 5,110 5,030 4,990 4,980 4,940 4,940 UNEMPLOYMENT UNEMPLOYMENT RATE 5.6% 5.4% 5.3% 5.2% 4.7% 5.1% 4.8% 4.7% 4.6% 4.9% 4.6% 5.0% TOTAL EMPLOYMENT 4,450 4,470 4,640 4,660 4,720 4,820 4,860 4,790 4,760 4,730 4,710 4,690 LINCOLN COUNTY TOTAL LABOR FORCE 1,740 1,740 1,780 1,790 1,770 1,810 1,790 1,750 1,720 1,710 1,690 1,760 UNEMPLOYMENT UNEMPLOYMENT RATE 12.2% 11.8% 12.2% 11.6% 10.8% 12.1% 11.7% 11.8% 11.8% 12.4% 11.3% 11.8% TOTAL EMPLOYMENT 1,530 1,530 1,560 1,580 1,580 1,590 1,580 1,540 1,520 1,500 1,500 1,550 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 December 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 21,740 21,700 21,670 21,450 21,790 UNEMPLOYMENT 3,250 3,130 3,040 2,940 2,780 2,920 2,740 2,700 2,630 2,650 2,460 2,840 UNEMPLOYMENT RATE 15.3% 14.7% 13.9% 13.4% 12.5% 13.1% 12.3% 12.4% 12.1% 12.2% 11.5% 13.0% TOTAL EMPLOYMENT 1/ 18,020 18,150 18,810 19,020 19,430 19,420 19,490 19,040 19,070 19,020 18,990 18,950 MINERAL COUNTY TOTAL LABOR FORCE 1,860 1,880 1,900 1,880 1,970 2,010 1,990 1,950 1,950 1,900 1,890 1,920 UNEMPLOYMENT UNEMPLOYMENT RATE 12.7% 12.8% 12.9% 12.4% 11.3% 12.5% 11.7% 12.0% 11.3% 11.4% 11.2% 12.0% TOTAL EMPLOYMENT 1/ 1,620 1,640 1,650 1,650 1,750 1,760 1,760 1,720 1,730 1,680 1,680 1,690 NYE COUNTY TOTAL LABOR FORCE 17,600 17,660 17,420 17,430 17,380 17,470 17,180 17,130 17,290 17,180 16,970 17,340 UNEMPLOYMENT 2,170 2,090 2,100 2,050 1,980 2,120 2,000 1,950 1,910 1,920 1,680 2,000 UNEMPLOYMENT RATE 12.3% 11.9% 12.1% 11.8% 11.4% 12.1% 11.6% 11.4% 11.0% 11.2% 9.9% 11.5% TOTAL EMPLOYMENT 1/ 15,430 15,570 15,320 15,380 15,400 15,350 15,180 15,180 15,380 15,260 15,290 15,340 PERSHING COUNTY TOTAL LABOR FORCE 2,730 2,720 2,880 2,890 2,900 2,920 2,930 2,830 2,780 2,740 2,720 2,820 UNEMPLOYMENT UNEMPLOYMENT RATE 11.0% 10.7% 10.3% 9.6% 8.7% 9.7% 8.9% 8.9% 9.0% 9.2% 9.1% 9.6% TOTAL EMPLOYMENT 1/ 2,430 2,430 2,580 2,610 2,650 2,640 2,670 2,580 2,530 2,490 2,470 2,550 STOREY COUNTY TOTAL LABOR FORCE 2,130 2,130 2,100 2,090 2,110 2,100 2,070 2,040 2,040 2,070 2,060 2,090 UNEMPLOYMENT UNEMPLOYMENT RATE 12.0% 11.1% 10.8% 10.7% 10.9% 10.5% 9.7% 8.6% 8.0% 8.8% 7.7% 9.9% TOTAL EMPLOYMENT 1/ 1,870 1,890 1,870 1,870 1,880 1,880 1,870 1,860 1,880 1,890 1,900 1,880 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.