Nevada s Unemployment Rate Down to 7.9 Percent in May
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- Irene Cunningham
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1 For Immediate Release June 20, 2014 Nevada s Unemployment Rate Down to 7.9 Percent in May Carson City, NV Nevada s unemployment rate fell to a seasonally adjusted 7.9 percent in May, the lowest it has been in nearly six years. The number of unemployed individuals stands at 108,000, which is 19,000 less than May Once again we have received positive news from the Nevada labor market report, said Governor Brian Sandoval. Our unemployment rate, which hit nearly 14 percent during the recessionary peak, has fallen below 8 percent for the first time since September Although encouraging, there remains much work to be done. We must continue our economic development and diversification efforts until the needs of Nevada s unemployed and underemployed have been met. The non-seasonally adjusted unemployment rate for each of Nevada s metro areas also saw a decline relative to a year ago, said Bill Anderson, chief economist for Nevada s Department of Employment, Training and Rehabilitation. The Las Vegas unemployment rate registered at 7.9 percent in May, while Reno/Sparks area stands at 7.4 percent. Carson City s unemployment rate sits at 8 percent. All of Nevada s metropolitan statistical areas (MSA) experienced job growth in May relative to a year ago. The Las Vegas MSA, the largest in Nevada, added 25,900 jobs relative to May of 2013, a growth rate of 3.1 percent. Reno recorded the highest year over year growth rate this month at 3.6 percent, adding 7,100 jobs to non-farm payrolls. Finally, Carson City added 200 jobs bringing its growth rate to 0.7 percent on an annualized basis. Nevada was expected to grow by 5,900 jobs in May (not seasonally adjusted). However, actual growth totaled 8,300 jobs, which resulted in a 2,400 seasonally adjusted gain, Anderson said. Preliminary estimates so far this year suggest that job levels are trending in excess of 40,000 higher than a year ago, Anderson said. The state s job base is growing at a pace more than double the national average. All told, Nevada is home to a seasonally adjusted 1,215,000 jobs as of May, which is the highest employment level reading since December of The construction industry experienced the highest job growth rate of any super-sector in May, growing by 12.5 percent, an increase of 7,000 jobs relative to May At a seasonally
2 adjusted 63,200, this is the highest employment reading for the construction sector since January of While Nevada s unemployment rate is still among the highest in the country and higher than the nation s 6.3 percent rate, all indications suggest the state s economy is on the mend, Anderson said. After peaking at over 194,400 at the height of the recession in October 2010, the number of unemployed in Nevada has declined by over 84,400. Initial unemployment insurance claims are steadily decreasing and weekly wages are on the rise, though not as strong as we would like.
3 BRIAN SANDOVAL GOVERNOR RESEARCH AND ANALYSIS BUREAU DENNIS PEREA INTERIM DIRECTOR WILLIAM D. ANDERSON CHIEF ECONOMIST NEVADA LABOR MARKET OVERVIEW May 2014 Nevada s labor market continued on its path towards recovery in May. Job 50,000 45,000 readings continued to 40,000 expand. Preliminary 35,000 estimates so far this year 30,000 suggest that job levels are 25,000 20,000 trending in excess of 40,000 15,000 higher than a year ago. The 10,000 State s job base is growing at 5,000 a pace more than double the 0 national average. Initial claims for unemployment insurance fell 23 percent in May from a year ago and have declined in 51 of the past 54 months. The jobless rate fell below eight percent for the first time in close to eight years. After peaking at over 194,400 at the height of the recession in October 2010, the number of unemployed in Nevada has declined by over 84,400. Still, despite a number of positive signs, the State s jobless rate remains amongst the highest in the nation. Also, wage trends leave something to be desired. Although increasing in nominal terms, inflation is eroding purchasing power. Nevada payrolls increased 2,400 over the month from April to May (seasonally adjusted); the 10 th consecutive monthly gain, going back to August This jobs Nevada Nonfarm Job Growth (seasonally adjusted; year-over-year) J J A S O N D J F M A M J J A S O N D J F M A M constitutes a gain of 45,800 jobs relative to the same period in 2013; which is the 41 st consecutive month of year-over-year (YOY) gains recorded in the Silver State. This is the largest single YOY gain since September of All told, Nevada is home to a seasonally adjusted 1,215,000 jobs as of May, which is the highest employment level reading since December of Nevada was expected to grow by 5,900 jobs in May (not seasonally adjusted). However, actual growth totaled 8,300 jobs, which resulted in the 2,400 seasonally adjusted jobs cited above. The job growth figures typically reported in our Overview represent the net effect of thousands of 500 E. Third St. Carson City, Nevada (775) Fax (775) Jobs Pct. Change 5% 4% 3% 2% 1% 0% percent change
4 Nevada and Sub-State Nonfarm Jobs: Apr. - May Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Total Nonfarm Jobs 8,300 5,900 2,400 Private Sector 7,000 4,900 2,100 Public Sector 1, , Las Vegas 3,900 3, Reno 900 1, Carson City individual labor market transactions. In any given quarter, in excess of 100,000 jobs may be gained and/or lost in Nevada. The Bureau of Labor Statistics Business Employment Dynamics (BED) series offers insight into these transactions and allows us to examine gross job gains and losses from a variety of different perspectives, albeit on a lagged basis, and provides insight into labor market churn. For instance, in 2013:IIIQ, there were 61,300 gross job gains in Nevada s labor market. At the same time, there were 58,000 gross job losses, for a net gain of close to 3,400 jobs. This month, we take a detailed look at labor market churn related solely to business establishment openings and closings. During last year s third quarter, 10,100 jobs were added as a result of new business openings. On the flip side, business closings resulted in the loss of 8,400 jobs. The net result was a net gain of more than 1,600 jobs due solely to business openings/closings. As an aside, new jobs due to openings have exceeded job losses from closings for eight consecutive quarters. results. The Governor s Office of Economic Development recently reported that nearly 4,800 jobs were created as a result of State economic development efforts in Recent BED trends, as they relate to gross job gains attributable to new openings, certainly are consistent with these On a related note, the number of employers in Nevada is on the rise. In fact, at 59,300 in this year s first quarter, the number of employers participating in the State s Unemployment Insurance Program, stands 3.1 percent higher than a year ago. This represents the most pronounced advance since the first quarter of All told, gains have been recorded in each of the past 11 quarters. The latest available data shows that Nevada s average weekly wages for the fourth quarter of 2013 increased to $885, up 0.9 percent relative to 2012:IVQ. Over this same period, inflation has grown at 1.2 percent, indicating that Nevadans are relatively less well off, in real terms, than in the last quarter of When we consider 2013 as a whole, relative to 2012, we see that wages have grown by 1.1 percent, to $849. However, inflation has grown at a rate of 1.5 percent over the year, indicating that Nevada s average weekly wages are not keeping up with inflation. Nevada s seasonally adjusted unemployment rate ticked down
5 16% 14% 12% 10% 8% 6% 4% 2% 0% Unemployment Rate: Nevada vs. the U.S. (seasonally adjusted) '06 '07 '08 '09 '10 '11 '12 '13 '14 again in May to 7.9 percent, from eight percent in April. This is the lowest reading since September of Nevada continues to experience a higher unemployment rate than the nation, which stands 1.6 percentage points lower than Nevada, at 6.3 percent. However, the gap between Nevada s rate and that of the US is the smallest it has been since August of Further, the number of unemployed persons in the Silver State is down by nearly 19,000, to 108,000, relative to May of 2013, a decline of 14.7 percent. When looking at the estimate of the number of people unemployed in the State, reported above, it is important to note that it is not synonymous with those individuals receiving unemployment insurance benefits. The methodology used to estimate the number of unemployed in the State attempts to identify the population of individuals without a job, but currently (and actively) searching for work. It is useful to compare this estimate to the number of Nevadans actually receiving unemployment benefits. In comparing these series through the U.S. NV Great Recession until the present, one clear trend is the significant gap between the total number of people receiving unemployment benefits and the total number of unemployed people in the State. This is because not everyone who is unemployed is eligible for unemployment benefits; for example, new entrants to the workforce who are looking for work are not eligible for unemployment benefits, but could be considered unemployed. One significant factor affecting the number of people receiving unemployment benefits is the end of federally paid extended benefits under the EUC program as of the end of The expiration of this program affected approximately 17,000 people at the time the program ended, and dropped the share of unemployed persons who received unemployment benefits from 40 percent to 29 percent in May, slightly below the January- March national average of 30 percent. There has been considerable public debate in Nevada revolving around such issues as education, economic development, and workforce initiatives. There have been numerous catalysts for the increased emphasis on these issues, but, for our purposes, one stands out. As we move up the educational attainment ladder, unemployment rates tend to decline. For instance, in 2013, the unemployment rate for
6 those Nevadans with at least a Bachelor s degree was 4.8 percent. For those with less than a high school diploma, the jobless rate was 12.6 percent. This month, we examine the correlation between state unemployment rates and the impacts of the housing market bust. Evidence suggests that there is a noticeable negative correlation between state unemployment rates and the magnitude of the impact of the housing market bust on prices (as measured by the ratio of FHFA home prices in 2013 relative to Nevada Las Vegas Reno Carson City Nevada Nonfarm Job Growth by Industry (year-to-date; year-over-year) Leisure & Hospitality Professional & Business Services Trade, Transportation, & Utilities Construction Education & Health Services Manufacturing Government Financial Activities Other Services Mining & Logging -2, ,000 4,000 6,000 8,000 10,000 12,000 14,000 Metro Area Nonfarm Job Growth (year-to-date; year-over-year) ,000 20,000 30,000 40,000 50, ). For instance, Nevada had the second highest unemployment rate in the nation, at eight percent, in April. At the same time, at just 0.55, the ratio of 2013:2007 housing prices was the lowest in the nation. North Dakota, on the other hand, had the lowest unemployment rate in the nation during April, 2.6 percent; while also holding the highest housing price ratio in the U.S., at The construction industry experienced the highest job growth rate of any super-sector this month, growing by 12.5 percent, an increase of 7,000 jobs relative to May At a seasonally adjusted 63,200, this is the highest employment reading for the construction sector since January of Leisure and Hospitality added 13,100 jobs relative to May 2013, a growth rate of 4.1 percent, Professional and Business Services added 9,300 jobs YOY, up 6.2 percent, and Trade, Transportation, and Utilities added 8,300 jobs, or 3.8 percent growth. All of Nevada s metropolitan statistical areas experienced growth in May relative to a year ago. The Las Vegas metro, the largest in Nevada, added 25,900 jobs relative to May of 2013, a growth rate of 3.1 percent. Reno recorded the highest YOY growth rate this month at 3.6 percent, adding 7,100
7 Esmeralda Lander Eureka Elko White Pine Humboldt Storey Churchill Washoe Statewide Pershing Clark County Unemployment Rates Carson City The Bureau of Economic Douglas Nye Analysis has released Lincoln Mineral Gross Domestic Product Lyon 0% 2% 4% 6% 8% 10% 12% data for the first quarter of Overall, the national jobs to non-farm payrolls. Finally, economy is continuing to Carson City added 200 jobs bringing grow modestly, despite the one its growth rate to 0.7 percent on an percent tick down that was recorded annualized basis. in the first quarter. This is likely related to the unseasonably cold The non-seasonally adjusted weather of this past winter. The unemployment rate for each of improvements in Nevada s economy Nevada s metro areas declined are consistent with the national noticeably relative to a year ago. 1 trends, and we can expect The Las Vegas MSA fell 2.1 points to continued, measured growth. 7.9 percent from last May. Similarly, Carson City had a reduction of 2.1 points to a rate of eight percent. The Reno/Sparks metro area saw a slightly larger drop of 2.3 points, ending up at 7.4 percent in May. The three metro areas have seen steady declines in unemployment since their peak in At the height of the recession, the Las Vegas MSA had a May unemployment rate of 13.7 percent, resulting in an improvement of 5.8 percentage points. The Reno/Sparks MSA saw a similar decline (5.5 points) over the period. The unemployment rate for the State s capital was 12.6 percent in May 2010 and has declined 4.6 points since. 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 7.7 percent in May, up from 7.3 percent in April and down from 9.8 percent in May 2013.
8 Employment & Unemployment Estimates for May 2014 Unemployment Rates: Nevada Statewide 7.9% (Seasonally Adjusted) Las Vegas-Paradise MSA 7.9% Reno-Sparks MSA 7.4% Carson City MSA 8.0% Elko Micropolitan Area 5.1% United States 6.3% (Seasonally Adjusted) California (Apr) 7.8% (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 data is embargoed until officially released on March 28th, 2014
9 Nevada Labor Force and Unemployment (Estimates In Thousands) LABOR FORCE SUMMARY MAY 2014 MAY 2013 CHANGE % CHANGE APR 2014 NEVADA STATEWIDE Seasonally Adjusted TOTAL LABOR FORCE % UNEMPLOYMENT % UNEMPLOYMENT RATE 7.9% 10.1% % TOTAL EMPLOYMENT 1/ % NEVADA STATEWIDE TOTAL LABOR FORCE % UNEMPLOYMENT % 99.5 UNEMPLOYMENT RATE 7.7% 9.8% % TOTAL EMPLOYMENT 1/ % Las Vegas-Paradise MSA Includes Clark County TOTAL LABOR FORCE % UNEMPLOYMENT % 72.5 UNEMPLOYMENT RATE 7.9% 10.0% % TOTAL EMPLOYMENT 1/ % Reno-Sparks MSA Includes Washoe and Storey Counties TOTAL LABOR FORCE % UNEMPLOYMENT % 15.7 UNEMPLOYMENT RATE 7.4% 9.7% % TOTAL EMPLOYMENT 1/ % Carson City MSA TOTAL LABOR FORCE % 26.6 UNEMPLOYMENT % 2.1 UNEMPLOYMENT RATE 8.0% 10.1% % TOTAL EMPLOYMENT 1/ % 24.5 Elko Micropolitan Area Includes Elko and Eureka Counties TOTAL LABOR FORCE % 30.1 UNEMPLOYMENT % 1.5 UNEMPLOYMENT RATE 5.1% 5.7% % TOTAL EMPLOYMENT 1/ % 28.6 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
10 Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide (Estimates In Thousands) MAY 2014 MAY 2013 CHANGE % CHANGE APR % Natural Resources & Mining % 15.1 Construction % 62.7 Manufacturing % 41.4 Durable Goods % 26.2 Non-durable Goods % 15.2 Trade, Transportation & Utilities % Wholesale % 33.2 Retail % Transportation, Warehousing & Utilities % 55.3 Financial Activities % 57.4 Finance and Insurance % 32.5 Real Estate & Rental Leasing % 24.9 Professional & Business Services % Professional, Scientific and Technical % 52.4 Management of Companies % 19.3 Administrative & Support and Waste Mgt % 90.4 Education and Health Services % 115 Educational Services % 13.2 Health Care and Social Assistance % Leisure and Hospitality % Arts, Entertainment and Recreation % 26.7 Accommodation and Food Service % Other Services % 34.5 Government % Federal % 17.7 State % 37.4 Local % 95.5 Las Vegas-Paradise MSA MAY 2014 MAY 2013 CHANGE % CHANGE APR % Reno/Sparks MSA MAY 2014 MAY 2013 CHANGE % CHANGE APR % Carson City MSA MAY 2014 MAY 2013 CHANGE % CHANGE APR % 27.8
11 Nevada Statewide (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT MAY 2014 MAY 2013 CHANGE % CHANGE APR % Goods Producing % Natural Resources & Mining % 15.0 Metal Ore Mining % 12.6 Construction % 61.0 Construction of Buildings % 11.7 Specialty Trade Contractors % 38.2 Manufacturing % 41.3 Durable Goods % 26.1 Computer & Electronic Products % 11.2 Other Miscellaneous (Includes Slot Mfg.) % 7.0 Non-durable Goods % 15.2 Services Producing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 33.0 Retail % General Merchandise & Clothing % 47.3 Food & Beverage Stores % 21.1 Health and Personal Care Stores % 7.8 Transportation, Warehousing & Utilities % 54.5 Utilities % 3.9 Transportation & Warehousing % 50.6 Trucking, Couriers/Messengers, and % 22.0 Air % 5.9 Transit and Ground Passenger % 14.8 Taxi and Limousine Service % 11.0 Information % 12.6 Telecommunications % 3.8 Financial Activities % 57.2 Finance and Insurance % 32.5 Credit Intermediation & Related % 17.0 Real Estate & Rental Leasing % 24.7 Professional & Business Services % Professional, Scientific and Technical % 52.6 Management of Companies % 19.4 Administrative & Support and Waste Mgt % 89.6 Administrative & Support Services % 85.7 Employment Services % 18.2 Education and Health Services % Educational Services % 13.5 Health Care and Social Assistance % Ambulatory Health Care Services % 45.7 Hospitals % 25.0 Leisure and Hospitality % Arts, Entertainment and Recreation % 27.2 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 10.5 Food Services and Drinking Places % Full-Service Restaurants % 54.8 Limited-Service Restaurants % 42.7 Other Services % 34.3 Government % Federal % 17.7 State % 38.8 Local % 97.4 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 MAY 2014 MAY 2013 CHANGE % CHANGE APR % Goods Producing % 63.8 Natural Resources & Mining % 0.3 Construction % 42.3 Construction of Buildings % 7.7 Specialty Trade Contractors % 28.0 Building Foundation & Exterior Contractors % 6.6 Building Finishing Contractors % 8.4 Manufacturing % 21.2 Durable Goods % 12.5 Other Miscellaneous Manufacturing % 4.9 Non-durable Goods % 8.7 Services Producing % Private Service Providing % Trade, Transportion & Utilites % Wholesale % 20.6 Retail % General Merchandise & Clothing % 37.3 Food & Beverage Stores % 15.5 Health and Personal Care Stores % 6.6 Trans, Warehousing & Utilities % 36.9 Utilities % 2.6 Transportation & Warehousing % 34.3 Air % 5.4 Transit and Ground Passenger % 13.9 Taxi and Limousine Service % 10.9 Information % 9.4 Telecomunications % 2.9 Financial Activites % 43.5 Finance and Insurance % 23.9 Credit Intermediation & Related % 13.1 Real Estate and Rental and Leasing % 19.6 Professional & Business Services % Professional, Scientific and Technical % 37.3 Management of Companies % 15.7 Administrative & Support and Waste Mgt % 65.2 Administative and Support Services % 62.9 Employment Services % 12.1 Other Support Services % 8.5 Education and Health Services % 82.0 Health Care and Social Assistance % 70.9 Ambulatory Health Care Services % 33.7 Hospitals % 17.0 Leisure and Hospitality % Arts, Entertainment and Recreation % 17.8 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 5.3 Food Services and Drinking Places % 87.0 Full-Service Restaurants % 44.8 Limited-Service Restaurants % 32.1 Other Services % 24.6 Government % 97.5 Federal % 12.2 State % 18.3 Local % 67.0 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.
13 Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT MAY 2014 MAY 2013 CHANGE % CHANGE APR % Goods Producing % 22.7 Natural Resources & Mining % 0.2 Construction % 10.3 Manufacturing % 12.2 Miscellaneous Manufacturing % 2.5 Services Producing % Private Service Producing % Trade, Transportion & Utilites % 44.5 Wholesale % 8.8 Retail % 22.1 General Merchandise & Clothing % 6.9 Food & Beverage Stores % 3.3 Trans, Warehousing & Utilities % 13.6 Information % 1.9 Financial Activites % 9.6 Finance and Insurance % 6.1 Professional & Business Services % 29.2 Administrative & Support and Waste Mgt % 15.4 Education and Health Services % 23.2 Leisure and Hospitality % 35.4 Accommodation and Food Service % 30.2 Accommodation % 16.0 Casino Hotels % 15.0 Food Services and Drinking Places % 14.2 Other Services % 5.8 Government % 29.7 Federal % 3.5 State % 10.6 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
14 Carson City MSA Includes Carson City (Estimates In Thousands) ESTABLISHMENT BASED INDUSTRIAL EMPLOYMENT MAY 2014 MAY 2013 CHANGE % CHANGE APR % 27.8 Goods Producing % 3.4 Manufacturing % 2.6 Services Producing % 24.4 Private Service Producing % 15.2 Trade, Transportion & Utilites % 3.6 Retail % 2.8 Professional & Business Services % 2.1 Leisure and Hospitality % 3.5 Government % 9.2 Federal % 0.5 State % 6.8 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 2014 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 Estimates in thousands Estimates in thousands Reno/Sparks MSA Carson City MSA AVERAGE AVERAGE Jun-14 This information is embargoes until officially released May 16, 2014 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
16 Nevada Statewide 2014 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. Jun-14
17 Las Vegas-Paradise MSA 2014 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. Jun-14
18 Reno-Sparks MSA 2014 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. Jun-14
19 Carson City MSA 2014 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. Jun-14 Information compiled by DETR's Reseach & Analysis Bureau
20 2014 NEVADA LABOR FORCE SUMMARY DATA Estimates In Thousands Revised June JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 8.9% 8.7% 8.7% 7.3% 7.7% 8.3% RATE-SEASONALLY ADJ. 8.7% 8.5% 8.5% 8.0% 7.9% 8.3% TOTAL EMPLOYMENT 1/ LAS VEGAS MSA 2/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 8.9% 8.7% 8.8% 7.4% 7.9% 8.3% TOTAL EMPLOYMENT 1/ RENO MSA 3/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 8.9% 8.6% 8.6% 7.1% 7.4% 8.1% TOTAL EMPLOYMENT 1/ CARSON CITY MSA 4/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 10.0% 9.7% 9.6% 7.8% 8.0% 9.0% TOTAL EMPLOYMENT 1/ ELKO MICROPOLITAN AREA 5/ TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 6.2% 6.3% 6.1% 5.0% 5.1% 5.7% TOTAL EMPLOYMENT 1/ This information is embargoed until officially released on June 20, 2014 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 2014 NEVADA LABOR FORCE SUMMARY DATA Revised June JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG CARSON CITY TOTAL LABOR FORCE 26,540 26,890 26,900 26,540 26,630 26,690 UNEMPLOYMENT 2,660 2,620 2,590 2,080 2,130 2,410 UNEMPLOYMENT RATE 10.0% 9.7% 9.6% 7.8% 8.0% 9.0% TOTAL EMPLOYMENT 1/ 23,880 24,270 24,310 24,460 24,500 24,280 CHURCHILL COUNTY TOTAL LABOR FORCE 12,620 12,730 12,710 12,430 12,650 12,630 UNEMPLOYMENT UNEMPLOYMENT RATE 7.7% 7.6% 7.4% 6.2% 6.5% 7.1% TOTAL EMPLOYMENT 1/ 11,650 11,760 11,770 11,660 11,820 11,730 CLARK COUNTY TOTAL LABOR FORCE 989, ,390 1,000, , , ,470 UNEMPLOYMENT 88,440 86,520 87,840 72,500 78,030 82,660 UNEMPLOYMENT RATE 8.9% 8.7% 8.8% 7.4% 7.9% 8.3% TOTAL EMPLOYMENT 1/ 901, , , , , ,810 DOUGLAS COUNTY TOTAL LABOR FORCE 21,050 21,180 21,280 20,760 20,920 21,030 UNEMPLOYMENT 2,110 2,030 2,050 1,680 1,760 1,920 UNEMPLOYMENT RATE 10.0% 9.6% 9.6% 8.1% 8.4% 9.1% TOTAL EMPLOYMENT 1/ 18,940 19,150 19,230 19,080 19,160 19,110 ELKO COUNTY TOTAL LABOR FORCE 29,110 29,390 29,730 29,100 29,670 29,400 UNEMPLOYMENT 1,820 1,840 1,820 1,440 1,530 1,690 UNEMPLOYMENT RATE 6.3% 6.3% 6.1% 5.0% 5.1% 5.8% TOTAL EMPLOYMENT 1/ 27,290 27,550 27,910 27,660 28,140 27,710 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.
22 2014 NEVADA LABOR FORCE SUMMARY DATA Revised June JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG ESMERALDA COUNTY TOTAL LABOR FORCE UNEMPLOYMENT UNEMPLOYMENT RATE 3.1% 2.8% 3.4% 2.5% 2.8% 2.9% TOTAL EMPLOYMENT EUREKA COUNTY TOTAL LABOR FORCE 1,040 1,050 1,070 1,040 1,060 1,050 UNEMPLOYMENT UNEMPLOYMENT RATE 5.7% 6.3% 6.6% 4.7% 4.8% 5.6% TOTAL EMPLOYMENT , , HUMBOLDT COUNTY TOTAL LABOR FORCE 9,570 9,710 9,880 9,710 9,900 9,750 UNEMPLOYMENT UNEMPLOYMENT RATE 6.5% 6.7% 6.7% 5.7% 5.8% 6.3% TOTAL EMPLOYMENT 8,950 9,060 9,210 9,160 9,330 9,140 LANDER COUNTY TOTAL LABOR FORCE 5,100 5,160 4,780 4,710 4,800 4,910 UNEMPLOYMENT UNEMPLOYMENT RATE 5.2% 5.2% 5.6% 4.5% 4.4% 5.0% TOTAL EMPLOYMENT 4,840 4,890 4,510 4,500 4,590 4,670 LINCOLN COUNTY TOTAL LABOR FORCE 1,660 1,680 1,670 1,610 1,630 1,650 UNEMPLOYMENT UNEMPLOYMENT RATE 11.6% 11.5% 12.1% 9.7% 9.8% 10.9% TOTAL EMPLOYMENT 1,470 1,490 1,470 1,450 1,470 1,470 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.
23 2014 NEVADA LABOR FORCE SUMMARY DATA Revised June JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG LYON COUNTY TOTAL LABOR FORCE 21,270 21,470 21,990 21,410 21,690 21,560 UNEMPLOYMENT 2,750 2,700 2,700 2,230 2,290 2,530 UNEMPLOYMENT RATE 12.9% 12.6% 12.3% 10.4% 10.6% 11.8% TOTAL EMPLOYMENT 1/ 18,520 18,770 19,290 19,180 19,400 19,030 MINERAL COUNTY TOTAL LABOR FORCE 1,800 1,810 1,800 1,750 1,770 1,790 UNEMPLOYMENT UNEMPLOYMENT RATE 11.9% 11.7% 11.6% 9.7% 10.3% 11.0% TOTAL EMPLOYMENT 1/ 1,590 1,600 1,590 1,580 1,590 1,590 NYE COUNTY TOTAL LABOR FORCE 17,250 17,390 17,470 17,100 17,330 17,310 UNEMPLOYMENT 1,740 1,710 1,760 1,430 1,560 1,640 UNEMPLOYMENT RATE 10.1% 9.8% 10.1% 8.3% 9.0% 9.5% TOTAL EMPLOYMENT 1/ 15,510 15,680 15,710 15,670 15,770 15,670 PERSHING COUNTY TOTAL LABOR FORCE 2,690 2,730 2,860 2,740 2,810 2,770 UNEMPLOYMENT UNEMPLOYMENT RATE 9.6% 9.5% 9.1% 7.8% 7.8% 8.8% TOTAL EMPLOYMENT 1/ 2,430 2,470 2,600 2,530 2,590 2,530 STOREY COUNTY TOTAL LABOR FORCE 2,110 2,120 2,120 2,090 2,080 2,110 UNEMPLOYMENT UNEMPLOYMENT RATE 9.4% 8.6% 8.9% 7.3% 6.0% 8.0% TOTAL EMPLOYMENT 1/ 1,910 1,940 1,930 1,940 1,950 1,940 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.
24 2014 NEVADA LABOR FORCE SUMMARY DATA Revised June JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG WASHOE COUNTY TOTAL LABOR FORCE 221, , , , ,950 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 222,020 UNEMPLOYMENT 19,630 19,250 19,080 15,510 16,360 17,970 UNEMPLOYMENT RATE 8.9% 8.6% 8.6% 7.1% 7.4% 8.1% TOTAL EMPLOYMENT 1/ 201, , , , , ,050 WHITE PINE COUNTY TOTAL LABOR FORCE 5,050 5,080 5,330 5,260 5,410 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 5,220 UNEMPLOYMENT UNEMPLOYMENT RATE 7.1% 7.1% 7.1% 5.6% 5.8% 6.5% TOTAL EMPLOYMENT 1/ 4,690 4,720 4,950 4,960 5,100 4,880 Note: Unemployment rates are based on unrounded data. 1/ Adjusted by census relationships to reflect number of persons by place of residence.
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