Nevada Closes Out 2017 on a Strong Note; Unemployment Down Throughout the State

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1 DECEMBER SUB-STATE PRESS RELEASE January 23 rd, 2018 Nevada Closes Out 2017 on a Strong Note; Unemployment Down Throughout the State Statement from Bill Anderson, Chief Economist, Department of Employment, Training & Rehabilitation: Our first assessment of labor market conditions shows that 2017 was a solid year throughout the Silver State, rounding out our seventh year of economic recovery. For the entire year, jobs were up in each of the State s three metro areas. In fact, job levels in both Las Vegas and Reno stood at a record-high in December. Each of the State s 17 counties registered declines in the unemployment rate during the year, relative to Initial claims for unemployment insurance are also trending down. Looking forward, our expectations are for continued improvement in labor market conditions through Statewide, we are looking for jobs to increase by around 40,000 over the course of the year, enough to put further slight downward pressure on jobless rates throughout Nevada. Highlights: Job Growth Since December 2016: o Statewide jobs are up 3.3 percent; up 43,800 o Las Vegas jobs are up 3.1 percent; up 30,000 o Reno jobs are up 2.6 percent; up 5,800 o Carson City jobs are up 2.4 percent; up 700 Unemployment Rates: o Las Vegas: 4.9 percent; down 0.2 point from a year ago o Reno: 3.7 percent; down 0.5 point from a year ago o Carson City: 4.9 percent; down 0.4 point from a year ago o December unemployment rates ranged from 2.6 percent (Eureka) to 5.9 percent (Nye). For all of 2017, unemployment rates were down from 2016 levels in every Nevada county. Since the recovery began, the number of business establishments in Storey County are up by onethird, the strongest gain in the State. Other notable gains in Esmeralda and Clark. 11 of 17 counties have realized population gains over pre-recessionary levels.

2 RESEARCH AND ANALYSIS BUREAU BRIAN SANDOVAL GOVERNOR DON SODERBERG DIRECTOR WILLIAM D. ANDERSON CHIEF ECONOMIST NEVADA SUB-STATE LABOR MARKET OVERVIEW December 2017 Job numbers remained strong throughout the Silver State in With the release of December employment information, we now have preliminary results for the entire year in each of the Silver State s metropolitan statistical areas (MSAs). Las Vegas added 28,900 jobs over the year, compared to This represents a growth of three percent. Reno and Carson City employment increased by 5,800 jobs and 400 jobs, respectively, for the year. The increases translate to a 2.6 percent Nevada Job Growth by Metro Area Nevada Nonfarm Jobs: November - December Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Las Vegas 2,900-1,800 4,700 Reno 1,600-1,500 3,100 Carson City growth in Reno and a 1.4 percent growth in Carson City. An analysis of trends from the Quarterly Census of Employment and Wages (QCEW) Program, a less timely (information year), but more accurate, count of employment, suggests that job estimates for Reno and Carson City may be revised up during the annual revision process. Las Vegas Reno Carson City -10, ,000 20,000 30,000 40,000 50,000 YTD job growth of December, seasonally-adjusted employment increased across the State by 7,600 jobs from November, with growth heavily concentrated in the Reno and Las Vegas MSAs. Las Vegas employment saw a seasonally-adjusted increase of 4,700, the result of job gains of 2,900 when 1,800 were expected to be lost. Reno add-

3 job growth; annual percentage change 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% Job Growth by Metro Area '13 '14 '15 '16 '17 Las Vegas Reno Carson City ed 1,600 jobs, while 1,500 were expected to be lost, resulting in a seasonally-adjusted gain of 3,100 jobs. In Carson City, 200 jobs were lost, as expected, resulting in no change following seasonal adjustment. Year-over-year job gains were positive in all of the State s metro areas this month. The State as a whole has added 43,800 jobs relative to December 2016, a growth rate of 3.3 percent. Las Vegas gained 30,000 jobs over the year, resulting in a growth rate of industries added 11,400 jobs to payrolls while service-providing industries added 18, Reno grew at 2.6 percent over the year, resulting in a gain of 5,800 jobs. That area saw an increase of 1,800 goods-producing jobs and 3,600 service-providing jobs. Carson City gained 700 jobs over the year, resulting in a growth rate of 2.4 percent. Goods-producers added 100 jobs and service-providers added 500 jobs in the region. From 2011:IIQ to 2017:IIQ, the number of private sector business establishments Statewide grew by 9,200 or 13 percent, according to QCEW information. All told, there were just over 79,000 business establishments in the State by the second quarter of experienced decreases over the period. Storey, Esmeralda, and Clark grew the fastest. Storey County turned in a gain of 35 percent, while Esmeralda came in just below 30 percent. Mineral and Lincoln decreased the most at 20.5 percent and 12.6 percent, respectively. As for Nevada s major population centers, Clark grew faster than the State at 17 percent. Washoe grew at a slower rate, seven percent, while Carson City declined by accounts for the bulk of establishment growth during the recovery, with nearly 7,800 new worksites. This month, we examine population growth/ decline in the Silver State from 2007 to 2016, which allows for comparisons to pre-recessionary levels. The most recent U.S. Census Bureau estimates show Nevada s population at 2.9 million in 2016, up from 2.6 million in 2007, an increase of about 340,000. At the county level, 11 of 17 counties have realized increases in population from 2007 to Clark County had the highest population growth with about 288,000 new residents, followed by Washoe County and Elko, with gains of 45,000 and 4,800, respectively. Nye County had the most pronounced population decline at about 900 residents, followed by Churchill County, with close to 800, and Carson City with over 500. In 2016 alone, ten counties experienced yearover-year population growth relative to the prior year. Clark County s population growth in crease (births minus deaths) of about 11,000. ple moving into the county, about 80 percent of whom were domestic in-migrants. Eight counties saw increases. Nine counties During the same period, Washoe County ¹ References to total MSA employment are adjusted for seasonality, whereas references to goods-producing and service-providing industries are not.

4 shows a natural increase of 1,700 and a net migration of 6,300 (90 percent were domestic in-migrants). All told, the County s population grew by 8,200 over the period. 8.0% 7.0% Unemployment Rate by Metro Area With preliminary information released for all of 2017, we are able 6.0% to examine the average unemployment rate for the year rela- 5.0% tive to 2016 in each of the State s 4.0% MSAs. In 2017, Las Vegas unemployment rate averaged % percent, compared to 5.8 percent in 2016, a decline of 0.8 percentage point. Reno s unemployment rate in 2017 averaged 4.1 percent, a decline of 0.9 percentage point. Carson City s unemployment rate in 2017 aver- in 2016, a decline of 1.1 percentage points. This month we examine the growth/decline in each county s labor force, employment, unemployment and the jobless rate. Estimates show all counties in the Silver State have realized decreases in unemployment for all of 2017 relative to a year ago. Nye Lyon Clark Mineral Nevada Carson City Storey Douglas Pershing Lincoln Churchill Humboldt Lander Washoe White Pine Esmeralda Elko Eureka 0% 1% 2% 3% 4% 5% 6% 7% unemployment rate unemployment rate Unemployment Rate by County J F M A M J J A S O N D J F M A M J J A S O N D '16 '17 Las Vegas Reno Carson City Over the year, 14 counties saw increases in employment. Labor force (those actively involved in the labor market, either employed or actively looking for work) growth is concentrated in the State s two largest population centers. Clark County s labor force is up 19,400, while Washoe s has increased 3,200 compared to last year. The unemployment rate in every county in the Silver State has declined relative to In fact, ten counties have declined by at least one full percentage point. The largest declines in the jobless rate are found in Lander (down 1.8 percentage points), followed by Eureka and Lyon, with a decline of 1.6 and 1.4 percentage points respectively. Washoe s rate is down by 0.9 percentage point relative to 2016, just barely above the 0.8 percentage point decline registered in Clark County. unemployment rates in the State s major population centers varied on a month-over-month basis but all declined on a year-over-year basis 2. In Las Vegas, the rate is at 4.9 percent, down 0.2 percentage point from November, and 2 The State s seasonally adjusted unemployment rate is five percent in December, unchanged from November and down from 5.1 percent in December Unemployment rates for the State s metropolitan areas and counties reported here are not adjusted for seasonality. Hence, comparisons to the State s seasonally adjusted rate should be avoided. Legitimate comparisons, however, can be made to the State s unadjusted rate 4.7 percent in December, down from 4.9 percent in Novenber and down from 4.9 percent in December 2016.

5 down 0.2 percentage point from December of last year. Reno s unemployment rate is at 3.7 percent, down 0.3 percentage point from November and down 0.5 percentage point from this time last year. The unemployment rate in Carson City is at 4.9 percent, unchanged from November and down 0.4 percentage point from December last year. Unemployment rates declined on an overthe-year basis in 16 of 17 counties this month. Rate declines ranged from 1.4 percentage points (Lander) to 0.1 percentage point (Lincoln and Storey). Esmeralda realized a rate increase of 1.5 percentage points. Eureka, at 2.6 percent, is home to the State s lowest unemployment rate. In addition to Eureka, relatively low unemployment rates are also found in Elko, White Pine, Washoe, and Humboldt counties, all below four percent. The highest unemployment rate belongs to Nye at 5.9 percent. Legislation approved by the 79th Session Unemployment Insurance Initial Claims By County December 2017 (Year-to-Date) Change Clark 118, , Washoe 17,764 18,895-1,131 Carson City 2,541 2, Elko 1,585 1, Douglas 1,474 1, Lyon 2,578 2, Humboldt Nye 1,434 1, Churchill Lander Lincoln White Pine Mineral Pershing Eureka Esmeralda Storey *County level totals are not directly comparable to Statewide monthly totals due to reporting differences. of the Nevada Legislature and signed by Governor Sandoval (Assembly Bill 354), among other things, requires the Department of Employment, Training & Rehabilitation to submit a quarterly report examining the demographics of the unemployment rate in Nevada and each of the Silver State s counties. Our initial Report examined trends by age, race, and gender. that the unemployment rate for Black Ne- higher than that for the entire population. This is especially true in Clark County, where the jobless rate for Black residents was estimated to be 16.7 percent during compares to a 10.8 percent rate for the entire population over the same period. As an aside, African American unemployment in Clark County is estimated to be 18,700. This represents nearly 96 percent of the State s total for this demographic group. With these quires State and local workforce development entities to collaborate and coordinate policies designed to address such large discrepancies. Initial claims for unemployment in- level totaled just over 13,000 this month. This has led to year-overyear decreases in initial claims activity in all but two counties in the State. Nine counties realized double-digit percentage declines in initial claims. Turning to the three largest counties in the State, relatively just over 100, or 0.1 percent; Washoe s claims fell by over 1,000, a decrease of six percent; and Carson City is down just over 300, a decrease of

6 12 percent. The only counties with increased initial claims activity this month were Esmeralda and Storey counties, which increased by job ad activity has decreased by 6,200 over last year, resulting in 34,300 total ads year to date. Carson City has realized a decrease of 1,200 ads over last year, totaling 7,200 through December. The only counties with increased initial claims activity this month were Esmeralda and Storey counties, which increased Year-to-date online job posting activity is mixed amongst Nevada s counties in December, with Elko (+510), Nye (+380), and Lincoln (+110) experiencing the largest increases in ad volume over last year 3. The Silver State s largest population centers realized reduced ad volume from last December. Clark postings have reached 143,100 ads through December this year, but are down by 7,300 ads over this time last year. Washoe s online Online Job Posting Activity by County December 2017 (Year-to-Date) Change Elko 6,107 5, Nye 2,586 2, Lincoln White Pine 1,455 1, Esmeralda Lyon 2,461 2, Pershing Lander Storey Mineral Douglas 3,844 3, Eureka Humboldt 1,549 1, Churchill 1,995 2, Carson City 7,241 8,463-1,222 Washoe 34,318 40,506-6,188 Clark 143, ,410-7,316 3 Online job postings are obtained through DETR s Silver State Solutions initiative. Online job posting volume does not necessarily correlate with the level of job openings or hiring. Internal company hiring and union hiring are often not captured by online ads. High ad volume often occurs for occupations/industries that are having difficulty finding qualified candidates, high turnover positions/recurring openings, or when companies are building large candidate pools. Online job postings should only be used with caution when developing/analyzing time series trends due to the constant changes in the rate of online advertising usage and in the methods used for collecting the data.

7 Nevada Sub-State Labor Market Briefing: December 2017 Special Topics Slides The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation ti agency

8 8 of 17 Counties Have Realized Growth in the Number of Business Establishments Since 2011; Storey, Esmeralda, and Clark Lead the Way Storey Esmeralda Clark Nevada Washoe Douglas Lyon Humboldt Nye Elko Churchill Lander Carson City Pershing White Pine Eureka Lincoln Mineral -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 2011:IIQ to 2017:IIQ growth in number of establishments The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation ti agency

9 11 of 17 Counties Had Population Growth Since Pre-Recession; Clark, Washoe and Elko Lead the Way Area change Nevada 2,601,072 2,939, ,182 Clark 1,867,817 2,155, ,847 Washoe 408, ,616 44,892 Elko 47,423 52,168 4,745 Lyon 51,725 53,179 1,454 Humboldt 15,658 16,842 1,184 Douglas 47,166 48, Lander 5,439 5, Eureka 1,683 1, Lincoln 4,859 5, White Pine 9,626 9, Storey 4,000 4, Esmeralda Pershing 6,715 6, Mineral 4,880 4, Carson City 55,288 54, Churchill 24,961 24, Nye 44,279 43, The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation ti agency

10 2017 Employment up in 14 of 17 Counties; Unemployment Rate Down in All Counties change unemployment rate labor force employment unemployment Clark 19,448 26,349-6, % 5.1% Washoe 3,207 5,114-1, % 4.1% Elko % 3.6% Eureka % 3.0% Carson City % 5.0% Nye % 6.2% Pershing % 4.6% Mineral % 5.3% Lincoln % 4.4% Storey % 4.9% White Pine % 3.9% Esmeralda % 3.6% Douglas % 4.7% Lander % 4.4% Humboldt % 4.1% Churchill % 4.4% Lyon % 5.9% The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation ti agency

11 Clark County Unemployment Rate Demographics 16% 14% 12% 10% 8% 6% 4% unemployment rate; average 2% 0% White Hispanic Black total rate The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation ti agency

12 2017 NEVNEVADA (Estimates Employment & Unemployment December 2017 Employment Growth: (Employment in thousands) M/M Y/Y Y/Y% Nevada % Nevada (Not Seasonally Adjusted) % Las Vegas MSA % Reno\Sparks MSA % Carson City MSA % Unemployment Rates: Nevada (Seasonally Adjusted) 5.0% Nevada 4.7% Las Vegas MSA 4.9% Reno\Sparks MSA 3.7% Carson City MSA 4.9% This information is embargoed until officially released on April 15,2015 Employment estimates are produced by the Current Employment Statistics program. Labor Force estimates are produced by the Local Area Unemployment Statistics program. Research and Analysis Bureau, Nevada Department of Employment, Training and Rehabilitation operates these programs in cooperation with the U.S. Department of Labor, Bureau of Labor Statistics. Telephone (775)

13 Nevada Labor Force Summary (Estimates In Thousands) LABOR FORCE SUMMARY Dec-17 Dec-16 CHANGE % CHANGE Nov-17 NEVADA STATEWIDE Seasonally Adjusted LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 73.4 UNEMPLOYMENT RATE 5.0% 5.1% % NEVADA STATEWIDE Non Seasonally Adjusted LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 72.1 UNEMPLOYMENT RATE 4.7% 4.9% % Las Vegas-Paradise MSA Includes Clark County LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 55.7 UNEMPLOYMENT RATE 4.9% 5.1% % Reno-Sparks MSA Carson City MSA Includes Washoe and Storey Counties LABOR FORCE % EMPLOYMENT % UNEMPLOYMENT % 9.5 UNEMPLOYMENT RATE 3.7% 4.2% % LABOR FORCE % 25.1 EMPLOYMENT % 23.9 UNEMPLOYMENT % 1.2 UNEMPLOYMENT RATE 4.9% 5.3% % UNEMPLOYMENT RATES BASED ON UNROUNDED DATA Employment adjusted by census relationships to reflect number of persons by place of residence. Information compiled by DETR's Research & Analysis Bureau

14 Establishment Based Industrial Employment Nevada - Seasonally Adjusted Total All Industries Total All Industries (Estimates In Thousands) Dec-17 Dec-16 CHANGE % CHANGE Nov % Nevada- Non-Seasonally Adjusted Las Vegas-Paradise MSA SA Dec-17 Dec-16 CHANGE % CHANGE Nov % Las Vegas-Paradise MSA * Dec-17 Dec-16 CHANGE % CHANGE Nov % Reno/Sparks MSA SA Carson City MSA SA Reno/Sparks MSA * Dec-17 Dec-16 CHANGE % CHANGE Nov % Carson City MSA * Dec-17 Dec-16 CHANGE % CHANGE Nov % 29.3 * Seasonally Adjusted

15 Non-Seasonally Adjusted Establishment Based Industrial Employment Las Vegas-Paradise MSA Includes Clark County (Estimates In Thousands) Dec-17 Dec-16 CHANGE % CHANGE Nov-17 Total All Industries % Goods Producing % 91.3 Natural Resources & Mining % 0.4 Construction % 68.1 Construction of Buildings % 9.9 Specialty Trade Contractors % 52.9 Building Foundation & Exterior Contractors % 13.9 Building Finishing Contractors % 14.6 Manufacturing % 22.8 Durable Goods % 12.9 Other Miscellaneous Manufacturing % 4.1 Non-durable Goods % 9.9 Service Providing % Private Service Providing % Trade, Transportation & Utilities % Wholesale % 21.3 Retail % Food & Beverage Stores % 18.2 Health and Personal Care Stores % 8.4 Trans, Warehousing & Utilities % 40.8 Utilities % 2.7 Transportation & Warehousing % 38.1 Air % 6.6 Transit and Ground Passenger % 13.0 Taxi and Limousine Service % 9.7 Information % 11.1 Telecomunications % 2.9 Financial Activites % 50.5 Finance and Insurance % 27.2 Credit Intermediation & Related % 15.4 Real Estate and Rental and Leasing % 23.3 Professional & Business Services % Professional, Scientific and Technical % 40.4 Management of Companies % 20.8 Administrative & Support and Waste Mgt % 82.7 Administative and Support Services % 80.5 Employment Services % 16.4 Other Support Services % 10.7 Education and Health Services % 98.5 Health Care and Social Assistance % 87.8 Ambulatory Health Care Services % 40.8 Hospitals % 21.3 Leisure and Hospitality % Arts, Entertainment and Recreation % 21.1 Accommodation and Food Service % Accommodation % Casino Hotels and Gaming % Casino Hotels % Gaming Industries % 5.0 Food Services and Drinking Places % 99.8 Full-Service Restaurants % 49.3 Limited-Service Restaurants % 36.1 Other Services % 32.9 Government % Federal % 12.9 State % 19.5 Local % 74.4 Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

16 Non-Seasonally Adjusted Establishment Based Industrial Employment Total All Industries Goods Producing Reno-Sparks MSA Includes Washoe and Storey Counties (Estimates In Thousands) Dec-17 Dec-16 CHANGE % CHANGE Nov % % 31.3 Natural Resources & Mining % 0.2 Construction % 16.2 Manufacturing % 14.9 Miscellaneous Manufacturing % 2.2 Service Providing % Private Service Providing % Trade, Transportation & Utilities % 52.5 Wholesale % 8.8 Retail % 24.0 Food & Beverage Stores % 3.3 Trans, Warehousing & Utilities % 19.7 Information % 2.2 Financial Activities % 10.7 Finance and Insurance % 6.3 Professional & Business Services % 32.6 Administrative & Support and Waste Mgt % 18.4 Education and Health Services % 27.1 Leisure and Hospitality % 37.8 Accommodation and Food Service % 32.0 Accommodation % 15.6 Casino Hotels % 14.1 Food Services and Drinking Places % 16.4 Other Services % 6.1 Government % 30.9 Federal % 3.7 State % 11.0 Local % 16.2 Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

17 Non-Seasonally Adjusted Establishment Based Industrial Employment Total All Industries Goods Producing Carson City MSA Includes Carson City (Estimates In Thousands) Dec-17 Dec-16 CHANGE % CHANGE Nov % % 3.8 Manufacturing % 2.4 Service Providing % 25.7 Private Service Providing % 15.9 Trade, Transportation & Utilities % 4.2 Retail % 3.3 Professional & Business Services % 1.9 Leisure and Hospitality % 3.5 Government % 9.8 Federal % 1.0 State % 6.8 Local % 2.0 Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

18 2017 Industrial Employment (Estimates in Thousands) Total All Industries Nevada Statewide (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Nevada Statewide (NSA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Las Vegas MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Reno/Sparks MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Carson City MSA (SA) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE updated Dec-17 (NSA)-Non-Seasonally Adjusted Data. Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

19 Non-Seasonally Adjusted Establishment Based Industrial Employment Las Vegas-Paradise MSA nds) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Construction of Buildings Specialty Trade Contractors Building Foundation & Exterior Contrac Building Finishing Contractors Manufacturing Durable Goods Other Miscellaneous Manufacturing Non-durable Goods Service Providing Private Service Providing Trade, Transportion & Utilites Wholesale Retail Food & Beverage Stores Health and Personal Care Stores Trans, Warehousing & Utilities Utilities Transportation & Warehousing Air Transit and Ground Passenger Taxi and Limousine Service Information Telecomunications Financial Activities Finance and Insurance Credit Intermediation & Related Real Estate and Rental and Leasing Professional & Business Services Professional, Scientific and Technical Management of Companies Administrative & Support and Waste Mgt Administative and Support Services Employment Services Other Support Services Education and Health Services Health Care and Social Assistance Ambulatory Health Care Services Hospitals Leisure and Hospitality Arts, Entertainment and Recreation Accommodation and Food Service Accommodation Casino Hotels and Gaming Casino Hotels Gaming Industries Food Services and Drinking Places Full-Service Restaurants Limited-Service Restaurants Other Services Government Federal State Local Non-Seasonally Adjusted Data. updated Dec-17

20 Non-Seasonally Adjusted Establishment Based Industrial Employment Reno-Sparks MSA ands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Natural Resources & Mining Construction Manufacturing Miscellaneous Manufacturing Service Providing Private Service Providing Trade, Transportion & Utilites Wholesale Retail Food & Beverage Stores Trans, Warehousing & Utilities Information Financial Activites Finance and Insurance Professional & Business Services Administrative & Support and Waste Mgt Education and Health Services Leisure and Hospitality Accommodation and Food Service Accommodation Casino Hotels Food Services and Drinking Places Other Services Government Federal State Local Non-Seasonally Adjusted Data. updated Dec-17

21 Non-Seasonally Adjusted Establishment Based Industrial Employment Carson City MSA ands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries Goods Producing Manufacturing Service Providing Private Service Providing Trade, Transportion & Utilites Retail Professional & Business Services Leisure and Hospitality Government Federal State Local Non-Seasonally Adjusted Data. updated Dec-17 Data may not add due to rounding. Employment by place of work. Does not coincide with labor force concept. Includes multiple job holders.

22 2017 LABOR FORCE SUMMARY DATA (Estimates in Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA- SA LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 5.0% 4.9% 4.8% 4.7% 4.7% 4.7% 4.8% 4.9% 4.9% 5.0% 5.0% 5.0% 4.9% NEVADA- NSA LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE 5.1% 5.1% 4.7% 4.6% 4.6% 4.9% 5.1% 5.0% 5.0% 4.8% 4.9% 4.7% 4.9% LAS VEGAS MSA 2/* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 5.1% 5.1% 4.8% 4.8% 4.8% 5.1% 5.4% 5.2% 5.2% 5.1% 5.1% 4.9% 5.1% RENO MSA 3/* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 4.8% 4.6% 4.2% 3.9% 3.9% 4.0% 4.2% 4.1% 4.0% 3.9% 4.0% 3.7% 4.1% CARSON CITY MSA 4/* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 5.9% 6.0% 5.2% 5.0% 4.7% 4.6% 4.9% 4.7% 4.8% 4.8% 4.9% 4.9% 5.0% ELKO MICROPOLITAN AREA 5/* LABOR FORCE EMPLOYMENT 1/ UNEMPLOYMENT UNEMPLOYMENT RATE 4.3% 4.0% 3.6% 3.4% 3.4% 3.5% 3.8% 3.4% 3.3% 3.4% 3.5% 3.3% 3.6% 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 *Non-Seasonally Adjusted

23 2017 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG CARSON CITY COUNTY* LABOR FORCE 24,606 24,957 24,631 24,631 24,726 24,719 24,915 24,761 24,809 24,972 25,112 24,989 24,819 EMPLOYMENT 23,146 23,463 23,344 23,405 23,552 23,594 23,705 23,601 23,629 23,777 23,870 23,772 23,572 UNEMPLOYMENT 1,460 1,494 1,287 1,226 1,174 1,125 1,210 1,160 1,180 1,195 1,242 1,217 1,248 UNEMPLOYMENT RATE 5.9% 6.0% 5.2% 5.0% 4.7% 4.6% 4.9% 4.7% 4.8% 4.8% 4.9% 4.9% 5.0% CHURCHILL COUNTY* LABOR FORCE 10,078 10,378 11,124 10,484 10,565 10,702 10,488 10,371 10,466 10,324 10,441 10,549 10,498 EMPLOYMENT 9,523 9,879 10,654 10,063 10,131 10,254 10,028 9,922 10,024 9,878 9,973 10,114 10,037 UNEMPLOYMENT UNEMPLOYMENT RATE 5.5% 4.8% 4.2% 4.0% 4.1% 4.2% 4.4% 4.3% 4.2% 4.3% 4.5% 4.1% 4.4% CLARK COUNTY* LABOR FORCE 1,053,024 1,058,742 1,053,288 1,058,498 1,060,776 1,061,707 1,069,695 1,068,706 1,073,809 1,077,840 1,086,947 1,086,856 1,067,491 EMPLOYMENT 999,409 1,004,557 1,002,754 1,007,707 1,009,816 1,007,715 1,012,305 1,012,779 1,017,771 1,023,245 1,031,237 1,033,425 1,013,560 UNEMPLOYMENT 53,615 54,185 50,534 50,791 50,960 53,992 57,390 55,927 56,038 54,595 55,710 53,431 53,931 UNEMPLOYMENT RATE 5.1% 5.1% 4.8% 4.8% 4.8% 5.1% 5.4% 5.2% 5.2% 5.1% 5.1% 4.9% 5.1% DOUGLAS COUNTY* LABOR FORCE 22,636 22,956 22,303 21,965 22,222 22,522 22,667 22,452 22,301 22,056 22,416 22,500 22,416 EMPLOYMENT 21,444 21,748 21,216 20,924 21,167 21,534 21,638 21,438 21,295 21,047 21,395 21,511 21,363 UNEMPLOYMENT 1,192 1,208 1,087 1,041 1, ,029 1,014 1,006 1,009 1, ,053 UNEMPLOYMENT RATE 5.3% 5.3% 4.9% 4.7% 4.7% 4.4% 4.5% 4.5% 4.5% 4.6% 4.6% 4.4% 4.7% ELKO COUNTY* LABOR FORCE 26,872 27,279 27,341 26,720 26,957 27,403 27,433 27,224 27,099 26,868 26,894 26,933 27,085 EMPLOYMENT 25,723 26,179 26,332 25,796 26,034 26,428 26,375 26,291 26,190 25,960 25,958 26,031 26,108 UNEMPLOYMENT 1,149 1,100 1, , UNEMPLOYMENT RATE 4.3% 4.0% 3.7% 3.5% 3.4% 3.6% 3.9% 3.4% 3.4% 3.4% 3.5% 3.3% 3.6% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence. *Non-Seasonally Adjusted

24 2017 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG ESMERALDA COUNTY* LABOR FORCE EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT RATE 3.6% 3.3% 3.0% 3.5% 3.1% 2.9% 4.0% 3.9% 3.7% 3.4% 4.8% 4.8% 3.6% EUREKA COUNTY* LABOR FORCE 927 1,074 1,372 1,135 1,143 1,155 1,102 1,081 1,078 1,003 1,035 1,107 1,101 EMPLOYMENT 888 1,033 1,337 1,101 1,111 1,123 1,066 1,049 1, ,005 1,078 1,068 UNEMPLOYMENT UNEMPLOYMENT RATE 4.2% 3.8% 2.6% 3.0% 2.8% 2.8% 3.3% 3.0% 2.8% 3.1% 2.9% 2.6% 3.0% HUMBOLDT COUNTY* LABOR FORCE 7,806 8,193 8,879 8,258 8,335 8,452 8,294 8,151 8,152 7,970 7,948 8,100 8,212 EMPLOYMENT 7,430 7,808 8,523 7,943 8,022 8,122 7,916 7,809 7,821 7,647 7,629 7,795 7,872 UNEMPLOYMENT UNEMPLOYMENT RATE 4.8% 4.7% 4.0% 3.8% 3.8% 3.9% 4.6% 4.2% 4.1% 4.1% 4.0% 3.8% 4.1% LANDER COUNTY* LABOR FORCE 3,086 3,180 3,272 3,102 3,128 3,243 3,215 3,192 3,142 3,080 3,096 3,150 3,157 EMPLOYMENT 2,900 3,007 3,118 2,967 2,995 3,111 3,076 3,060 3,021 2,957 2,971 3,019 3,017 UNEMPLOYMENT UNEMPLOYMENT RATE 6.0% 5.4% 4.7% 4.4% 4.3% 4.1% 4.3% 4.1% 3.9% 4.0% 4.0% 4.2% 4.4% LINCOLN COUNTY* LABOR FORCE 1,912 2,028 2,242 2,053 2,078 2,113 2,055 2,030 2,018 1,964 1,988 2,040 2,043 EMPLOYMENT 1,814 1,928 2,156 1,973 1,997 2,029 1,961 1,941 1,931 1,874 1,887 1,946 1,953 UNEMPLOYMENT UNEMPLOYMENT RATE 5.1% 4.9% 3.8% 3.9% 3.9% 4.0% 4.6% 4.4% 4.3% 4.6% 5.1% 4.6% 4.4% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence. *Non-Seasonally Adjusted

25 2017 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG LYON COUNTY* LABOR FORCE 20,952 21,306 21,488 21,068 21,215 21,387 21,277 21,163 21,575 21,497 21,705 21,685 21,360 EMPLOYMENT 19,446 19,830 20,196 19,870 20,066 20,192 20,010 19,933 20,350 20,285 20,480 20,460 20,093 UNEMPLOYMENT 1,506 1,476 1,292 1,198 1,149 1,195 1,267 1,230 1,225 1,212 1,225 1,225 1,267 UNEMPLOYMENT RATE 7.2% 6.9% 6.0% 5.7% 5.4% 5.6% 6.0% 5.8% 5.7% 5.6% 5.6% 5.6% 5.9% MINERAL COUNTY* LABOR FORCE 1,981 1,981 1,979 1,973 1,972 2,052 2,050 2,029 2,126 2,105 1,970 1,958 2,015 EMPLOYMENT 1,868 1,865 1,871 1,865 1,872 1,948 1,944 1,926 2,029 1,997 1,859 1,855 1,908 UNEMPLOYMENT UNEMPLOYMENT RATE 5.7% 5.9% 5.5% 5.5% 5.1% 5.1% 5.2% 5.1% 4.6% 5.1% 5.6% 5.3% 5.3% NYE COUNTY* LABOR FORCE 15,633 15,847 16,319 16,151 16,237 16,374 16,120 16,012 16,171 16,133 16,321 16,351 16,139 EMPLOYMENT 14,617 14,828 15,346 15,180 15,256 15,391 15,080 14,998 15,105 15,099 15,285 15,384 15,131 UNEMPLOYMENT 1,016 1, ,040 1,014 1,066 1,034 1, ,008 UNEMPLOYMENT RATE 6.5% 6.4% 6.0% 6.0% 6.0% 6.0% 6.5% 6.3% 6.6% 6.4% 6.3% 5.9% 6.2% PERSHING COUNTY* LABOR FORCE 2,316 2,473 2,808 2,517 2,525 2,633 2,607 2,568 2,582 2,471 2,515 2,604 2,552 EMPLOYMENT 2,187 2,337 2,685 2,407 2,419 2,524 2,491 2,454 2,464 2,363 2,402 2,488 2,435 UNEMPLOYMENT UNEMPLOYMENT RATE 5.6% 5.5% 4.4% 4.4% 4.2% 4.1% 4.4% 4.4% 4.6% 4.4% 4.5% 4.5% 4.6% STOREY COUNTY* LABOR FORCE 1,896 1,928 1,899 1,906 1,916 1,910 1,914 1,912 1,934 1,942 1,958 1,967 1,924 EMPLOYMENT 1,789 1,814 1,801 1,811 1,821 1,825 1,824 1,825 1,847 1,855 1,866 1,872 1,829 UNEMPLOYMENT UNEMPLOYMENT RATE 5.6% 5.9% 5.2% 5.0% 5.0% 4.5% 4.7% 4.6% 4.5% 4.5% 4.7% 4.8% 4.9% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence. *Non-Seasonally Adjusted

26 2017 LABOR FORCE SUMMARY DATA (Estimates In Thousands) JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG WASHOE COUNTY* LABOR FORCE 229, , , , , , , , , , , , ,563 EMPLOYMENT 218, , , , , , , , , , , , ,965 UNEMPLOYMENT 10,903 10,696 9,754 9,107 9,114 9,350 9,830 9,461 9,400 9,272 9,390 8,892 9,597 UNEMPLOYMENT RATE 4.8% 4.6% 4.2% 3.9% 3.9% 4.0% 4.2% 4.1% 4.0% 3.9% 4.0% 3.7% 4.1% WHITE PINE COUNTY* LABOR FORCE 4,546 4,613 4,545 4,463 4,521 4,738 4,707 4,670 4,676 4,578 4,457 4,470 4,582 EMPLOYMENT 4,344 4,413 4,362 4,284 4,349 4,564 4,524 4,487 4,499 4,406 4,293 4,313 4,403 UNEMPLOYMENT UNEMPLOYMENT RATE 4.4% 4.3% 4.0% 4.0% 3.8% 3.7% 3.9% 3.9% 3.8% 3.8% 3.7% 3.5% 3.9% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence. *Non-Seasonally Adjusted