For Immediate Release January 20, 2015 Nevada s Unemployment Rate Shows Continued Improvement in December CARSON CITY, NV Nevada s unemployment rate fell slightly to a seasonally adjusted 6.4 percent in December, the lowest it has been since June 2008, said Bill Anderson, chief economist for Nevada s Department of Employment, Training and Rehabilitation. December marks the 60 th straight month of year-over-year job gains. Construction continues to lead the state in terms of percentage growth, up 8.6 percent with the addition of 5,500 jobs over the year in December. Leisure and hospitality maintained the highest nominal growth over the year, adding 9,600 positions, for a growth rate of 2.8 percent. Nevada s labor force is surging, Anderson said. For all of 2015, preliminary estimates suggest that the Silver State s labor force is up by nearly 26,000 relative to 2014. Despite the fact that this limits downward pressure on the jobless rate, this is a positive development, as it suggests there is growing confidence in the overall health of the labor market and job prospects. For all of 2015, the state s unemployment rate averaged 6.8 percent, down a full percentage point from 2014. This is a remarkable improvement from the height of the recession, when the jobless rate peaked at 13.7 percent during the secondhalf of 2010. Visit us http://www.nevadaworkforce.com and Follow us on Twitter: http://www.twitter.com/nvlabormarket -##-
RESEARCH AND ANALYSIS BUREAU DETR Nevada Department of Employment, Training and Rehabilitation BRIAN SANDOVAL GOVERNOR DON SODERBERG DIRECTOR WILLIAM D. ANDERSON CHIEF ECONOMIST NEVADA LABOR MARKET OVERVIEW The release of December labor market results allows for a preliminary assessment of how the Silver State fared for all of 2015. Nevada employment bottomed out in 2010, after declining by 175,000 jobs during the recession. As of 2014, the recovery had added back nearly 100,000 of those jobs. In 2015, preliminary job estimates suggest that another 37,500 jobs were added. For the year, employment averaged 1.25 million. Perhaps most notably, December marks the 60thstraight month of year-over-year job gains. This comes on the heels of 36-straight months of job losses during the recession, during which annualized job losses peaked jobs 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Nevada Job Growth vs. Year Ago December 2015 J F M A M J J A S O N D J F M A M J J A S O N D '14 '15 Jobs Pct. Change Nevada Nonfarm Jobs: November - December Change Expected Seasonally Unadjusted Seasonal Adjusted Change Movement Change Total Nonfarm Jobs -3,900-200 -3,700 Private Sector -5,100-800 -4,300 Public Sector 1,200 600 600 in excess of ten percent. For all of 2015, the State s unemployment rate averaged 6.8 percent, down a full percentage point from 2014. At the height of the recession, the jobless rate peaked at 13.7 percent during the second-half of 2010. As happens at this time every year, we are embarking, along with our federal partners at the Bureau of Labor 4.5% Statistics, on the annual benchmarking process during which his- 4.0% 3.5% torical monthly job and unemployment rate estimates are revised, 3.0% based upon a more complete set 2.5% of information. As for the unemployment rate, trying to assess the 2.0% 1.5% likely impacts of the revisions is, in 1.0% all honesty, nothing more than a guess. However, a complete count 0.5% of employment based upon information submitted by employers 0.0% covered under the State s Unemployment Insurance System to the percent change 500 E. Third St. Carson City, Nevada 89713 (775) 684-0450 Fax (775) 684-0342 www.nvdetr.org
Quarterly Census of Employment and Wages (QCEW) program, suggests that employment trended more than 42,000 higher than a year ago during the fi rst several months of 2015. As a result, we would expect that the monthly job estimates typically reported in our monthly Overviews will be revised slightly upward. With data from the above-referenced QCEW program, we are able to assess Nevada s performance relative to the other states (plus the District of Columbia) during the pre-recessionary boom, through the downturn, and into the recovery. In the years preceding the economic downturn, Nevada led the country in private sector employment growth. Indeed, Nevada had the highest employment growth rate in the country in 2005 (6.4 percent). Conversely, during the recession, Nevada was the most affected state in terms of private sector employment growth. In fact, Nevada s employment growth was the lowest in the nation in 2009 (-10.1 percent) and 2010 (-2.8 percent). Nevada has gradually regained lost ground over the past four years. In 2011 the private sector grew at a rate of 1.2 percent, 37th in the nation; in 2012 16% 14% 12% 10% 8% 6% 4% 2% Unemployment Rate: NV vs. U.S. 0% '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 Nevada U.S. Education/Health Services Professional/Business Services Trade/Transportation/Utilities Nevada Nonfarm Job Growth by Industry (Year-to-Date) Leisure/Hospitality Construction Government Other Services Manufacturing Financial Activities Mining/Logging -4,000 0 4,000 8,000 12,000 16,000 we grew at a rate of 1.9 percent, 27th in the nation; and in 2013, private sector growth continued this trend, growing at 2.7 percent, which placed it 13th in the nation. Last year, Nevada had the second-fastest growing private sector in the nation, with a four percent growth rate. With data through the fi rst half of 2015, we see that Nevada s private sector grew four percent relative to the fi rst half of 2014. This is the third-fastest private sector growth rate in the country over this period, behind Utah and Florida. It is worth noting that Nevada s growth rank in the fi rst quarter of 2015 was the highest in the nation. Nevada s drop to third with the incorporation of April-June information was due to a slight drop in growth as the year progressed from 4.4 percent in the fi rst quarter to 3.8 percent in the second quarter. Utah, now ranked fi rst through the fi rst half of the year, saw growth increase slightly, from 4.1 percent to 4.4 percent over the same period. Florida, now ranked second, saw growth ease similar to Nevada, from 4.2 percent to four percent. As for December, in a month where we would expect to lose about 200
jobs, Nevada payrolls actually contracted by 3,900, according to preliminary estimates, leading to a seasonally adjusted loss of 3,700 jobs relative to November. However, employment is up over 25,000 relative to last December, for a growth rate of two percent. As noted above, this marks the completion of the fi fth-consecutive year of job gains in the Silver State. Job growth has eased of late, although our expectation is that gains will be revised slightly upward during the benchmarking process. Construction continues to lead the State in terms of percentage growth, up 8.6 percent with the addition of 5,500 jobs over the year in December. Leisure and hospitality maintained the highest nominal growth over the year, adding 9,600 positions, for a growth rate of 2.8 percent. Three super sectors lost employment over the year, with the hardest hit being mining, down 10.5 percent relative to last December, a contraction of 1,500 jobs. Again, the benchmarking process will impact these monthly estimates. The Bureau of Labor Statistics Business Employment Dynamics (BED) Program allows us, among other things, to look at the components of job growth from expansions at existing establishments and from business openings. In the fi rst quarter of 2015, gross job gains at expanding private sector establishments totaled 57,100. Over the same period, gross job gains at opening establishments totaled 10,400. In fact, over time, the vast majority of gross job gains can be attributed to expansions, as opposed to openings. For instance, over a fi ve-quarter period during the recession, gross job growth attributable to expansions fell by 27,000. Since then, job growth rose to nearly 60,000 as the recovery has unfolded. Gross job gains from openings fl uctuate in a much narrower range, between 10,000 and 15,000 per quarter. The BED Program also allows us to look at the components of jobs losses--from contractions at existing establishments and from business closings. In the fi rst quarter of 2015, gross job losses at contracting private sector establishments totaled 48,800. Over the same period, gross job losses at closing establishments totaled 8,500. Similar to the trends in expansions, the vast majority of gross job losses can be attributable to contractions at existing establishments, as opposed to closings. For instance, in the years leading up to the recession and through the downturn, job losses attributable to existing business contractions rose from less than 50,000 to well above 70,000. Since then, job declines have decreased to below 50,000 over the course of the recovery. Gross job losses from closings fl uctuate in a much narrower range, around 10,000 per quarter. Moving on to our quarterly update of small business employment in Nevada, as of the second quarter 2015, employment in fi rms with less than 100 employees totaled 581,000. This falls just 4,000 below the pre-recession peak recorded in 2007:IVQ. In fact, this represents the fi rst time that small business employment in Nevada has exceeded 580,000 since that high-water mark. Over the course of the recession, nearly 75,000 jobs were lost in small business establishments. As the recovery has unfolded, more than 70,000 of those jobs have been added back. Year-over-year employment gains have been recorded in each of the past 18 quarters. Nevada s labor market performance is very much dependent upon conditions in the U.S. as a whole. As such, a regular review of key barometers of the health of national employment/unemployment trends is necessary in assessing the underlying health of the Silver State s economy. According to the Current Employment Statistics (CES) survey, prior to the economic downturn, job levels rose nonstop between September 2003 and June 2007 in the U.S. as a whole. During that
40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 Initial Claims for Unemployment Insurance 0 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 Claims 12-Month Moving Average time, the unemployment rate bottomed out at 4.4 percent. During the recession, jobs fell consecutively for 23 months; from February 2008 to December 2009, a total of 8.7 million jobs were lost. The unemployment rate peaked at ten percent in this period. Since the onset of the U.S. labor market recovery in late-2010, job levels have increased nonstop for 63 straight months, while the unemployment rate has been cut in half over the past six years. In December 2015, employers added 292,000 jobs relative to the year before. Most job gains occurred in professional and business services, construction, health care, and food services. The nation s unemployment rate has remained at fi ve percent in each of the last three months. percent, seasonally adjusted. Initial claims for unemployment insurance in December followed the seasonal trend from previous years, rising by three percent from November to 14,500 claims. For the year, initial claims were down nearly 12 percent from 2014, averaging 12,900 claims per month. This is the lowest annual average for initial claims since 2006. Additionally, nearly every unemployment insurance activity measure, from benefi ts paid to the number of exhaustions, improved relative to 2014. This reduced the strain on Nevada s Unemployment Insurance Trust Fund, allowing the Fund s balance to increase by over $200 million from the beginning of the year. With data generated via the Labor Insight tool offered by Burning Glass Technologies, a supplier of real-time labor market information, we can assess another aspect of the health of the State s economy by looking at trends in online job ads via DETR s Silver State Solutions initiative. There were 17,500 online job postings in Nevada this month. This is a 45.6 percent increase from last December s total of 12,000. For those job ads specifying work hours, more than 88 percent Even though preliminary employment estimates show some downward pressure on job growth, the Silver State s unemployment rate continues to trend down. December s jobless rate comes in at a seasonally adjusted 6.4 percent, the lowest since June 2008. This compares to 6.5 percent in November. Nevada closed out the year with four consecutive month-to-month declines in this widely-followed labor market barometer. In December 2014, the unemployment rate was seven Nevada Online Job Postings 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 2014 2015 Job Postings 12-Month Moving Average
were for full-time positions. The underlying trend of steady growth in online job postings is continuing. The Labor Force Participation Rate (LFPR) is a simple measure: the ratio of the labor force relative to the working-age population. Specifi cally, between 2010 and 2014, the labor force grew by 2.8 percent, but was outpaced by population growth, at seven percent; resulting in downward pressure on the LFPR over the period. The same general pattern is evident in national trends. However, the decline has been more pronounced in the Silver State, as Nevada started with a slightly higher LFPR. Movements in the LFPR can best be described as being either structural or cyclical. Structural movements include individuals entering retirement and dropping out of the labor force; whereas cyclical movements are due to changes in the labor market that lead to people exiting the labor force. Prior to the recession, Nevada s LFPR was hovering between 67-68 percent. In 2008, it actually broke through the 68 percent barrier for a brief period before trending down. Over the past 12 months, Nevada s LFPR has averaged 63.2 percent (vs. 62.7 percent in the nation), and has begun trending up of late, refl ecting, at least in part, greater confi dence in the labor market on the part of Nevada workers and jobseekers. On a related note, as we ve discussed several times in previous Overviews, Nevada s labor force is surging. For all of 2015, preliminary estimates suggest that the Silver State s labor force is up by nearly 26,000 relative to 2014. Despite the fact that this limits downward pressure on the jobless rate, this is a positive development, as it suggests there is growing confi dence in the overall health of the labor market and job prospects. This month, we ve identifi ed a new angle from which to gauge underlying fundamentals in Nevada s labor market via information from the monthly Current Population Survey of households, sponsored by the Bureau of Labor Statistics. Specifi cally, results show that more Nevadans who are either new entrants or re-entrants into the labor force are fi nding success in their search for work. For instance, prior to the recession, on average, they accounted for about 20,000 of all Nevadans counted amongst the unemployed. At the height of the recession, about 50,000 of the unemployed were either new entrants or re-entrants into the labor force. As the labor market recovery has unfolded, this measure of overall health has improved, as, on average, fewer than 40,000 of the unemployed fall into these categories over the past 12 months. Personal income is one of the broader measures of economic activity at the state-level. According to the Bureau of Economic Analysis, total personal income is composed of net earnings, property income, and personal current transfer receipts. Information through the third quarter of 2015 shows personal income in Nevada reached $123 billion, up 5.9% from a year ago. Personal income has increased in 21 out of the past 22 quarters, following six straight quarters of decline during the recession. Nevada s personal income growth has exceeded that of the U.S. in each of the past seven quarters. The Silver State is on pace to exceed the nation in three of the past four calendar years. With data generated from the Longitudinal Employer-Household Dynamics series, produced by the Census Bureau, we can assess the overall demographics of the Nevada workforce. In 2015:IQ, the latest available data, 76.6 percent of the working population are identifi ed as being white. This is down 3.5 percentage points from ten years earlier. Those individuals identifying as black or African American make up 9.6 percent of the workforce. This is up 1.7 percentage points over the same ten-year period. Workers who identify themselves as Asian compose 8.8 percent of the working population, up 1.2 percentage points over the last decade. There was very little observed change in
those individuals identifying as American Indian/Alaska Natives or Native Hawaiian/Pacifi c Islander, which account for 1.5 percent and 0.6 percent of the workforce, respectively. The Census Bureau produces population estimates each year, allowing the public to gauge the growth of the nation, states and communities. Prior to the recession, Nevada s population growth consistently ranked at the top, as our economy boomed. The recently-released state estimates show Nevada s population at 2.89 million in 2015, up from 2.84 million in 2014, an increase of 52,600. This equates to a 1.85% increase, the fourth-fastest growth rate in the nation. The two states with the highest growth rates are North Dakota at 2.28%, and Colorado at 1.89%. Nevada also falls behind the nation s capital, Washington D.C., where the population increased 1.88% over the same period. Seven states show a decline in population. 2015 s ranking is likely due, at least in part, to the Silver State s improving economy and labor market; as population growth often correlates with the overall health of the economy. 04-05 academic year, the fi rst year of data available, NPWR s reports show that, on average, between 40 and 45 percent of NSHE graduates found stable employment in Nevada roughly one year after completion of their degree. Both the percentage of graduates fi nding employment and the wages those graduates earned declined signifi cantly over the course of the recession. Over this period, average yearly wages for those graduates fell by 10 percent from the peak, to $39,500. In the years following, annual wages for recent NSHE Bachelor s Degree recipients working in Nevada have improved, averaging $45,400 most recently. This gives a positive outlook for future college graduates in Nevada. In 2015, an exciting new research tool was released in the Silver State, known as the Nevada P-20 to Workforce Research Data System (NPWR). Resulting from a collaborative effort by the Nevada Department of Education, the Nevada System of Higher Education (NSHE), and the Department of Employment, Training and Rehabilitation, NPWR is a system that securely integrates each agency s de-identifi ed data to provide fi rst-hand information on trends and outcomes across education and workforce programs in the State. We will be incorporating NPWR s analytical capabilities into our monthly Overviews, going forward. To demonstrate some of NPWR s capabilities, this month we examine in-state employment outcomes of NSHE Bachelor s Degree recipients soon after graduation. Since the
Nevada Labor Market Briefing: December 2015 Special Topics Slides The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Nearly 100K New Private Sector Jobs Over 2010-2014; 2015 Brought Nearly 40K More Nevada Job Growth Since 2010 Total (Private+Public) Private Sector 2010 Baseline 1,117,800 964,000 Calculation of 2011 Growth 2011 1,125,700 975,500 Growth from 2010 7,900 11,500 Calculation of 2012 Growth 2012 1,144,800 995,500 Growth from 2011 19,100 20,000 Calculation of 2013 Growth 2013 1,174,300 1,023,300 Growth from 2012 29,500 27,800 Calculation of 2014 Growth 2014 1,215,300 1,063,000 Growth from 2013 41,000 39,700 Calculation of 2015 Growth 2015 1,252,800 1,098,700 Growth from 2014 37,500 35,700 Total Growth Since 2010 (2011 Growth + 2012 Growth + 2013 Growth + 2014 Growth +2015 Growth) 135,000 134,700 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Silver State Job Growth #3 in the Nation Job Growth Rankings (# of states with slower private sector job growth than NV; 2015 YTD through IIQ) 50 50 46 49 48 40 38 30 24 20 14 14 10 0 2 0 0 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 YTD The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Expansions at Existing Establishments Account for Bulk of Job Gains Private Sector Job Gains by Source; Bus. Employment Dynamics (Seas. Adj.) 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 gross job gains--total gross job gains--expansions gross job gains--openings The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Contractions at Existing Establishments Account for Bulk of Job Losses Private Sector Job Gains by Source; Bus. Employment Dynamics (Seas. Adj.) 120,000 100,000 80,000 60,000 40,000 20,000 0 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 gross job losses--total gross job losses--contractions gross job losses--closings The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Small Biz Jobs Above 580K for First Time Since 2007; 70K Jobs Added in Recovery Employment in Establishments with less than 100 Workers 610,000 590,000 570,000 550,000 530,000 510,000 490,000 470,000 450,000 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
U.S. Continues to Add Jobs; Ended Year on High Note; Rate Trending Down NV vs. the U.S. Unemployment Rate (SA) 600 12% 400 10% 200 Job Growth (thousands) 0-200 -400 8% 6% 4% Unemployment Rate -600-800 2% -1,000 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 0% Job Growth Unemployment Rate The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
LFPR Trending Up Following Lengthy Downturn; 63.2% in Nevada vs. 62.7% in U.S. Labor Force Participation Rate (12-month moving average) 70% 69% 68% 67% 66% 65% 64% 63% 62% 61% 60% 59% '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 Nevada U.S. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Fewer Unemployed Nevadans are New or Re-Entrants into the Labor Force Unemployed Labor Force Entrants (12-month moving average) 60,000 50,000 40,000 30,000 20,000 10,000 0 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Nevada Personal Income Growth > U.S. in Each of Past Seven Quarters Thousands of Dollars; Seasonally Adjusted Annual Rate $125,000,000 $120,000,000 $115,000,000 $110,000,000 $105,000,000 $100,000,000 $95,000,000 $90,000,000 $85,000,000 $80,000,000 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
About Three-Quarters of Employees in Nevada are White Share of Nevada Employment by Race Asian Alone Native Hawaiian or Other Pacific Islander Alone Two or More Race Groups American Indian or Alaska Native Alone Black or African American Alone White Alone The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
Nevada s 1.85% Population Gain in 2015 is 4 th -Strongest in U.S.; 2.89M Residents 2015 Census Bureau Population Growth Estimates North Dakota Colorado District of Columbia Nevada Florida Texas Utah Washington Arizona Oregon South Carolina Idaho Georgia Delaware North Carolina Montana California Oklahoma Tennessee Hawaii Nebraska Virginia South Dakota Minnesota Massachusetts Maryland Louisiana Iowa Arkansas Indiana Missouri Kansas Wyoming Kentucky Alabama New York New Jersey Wisconsin New Hampshire Alaska Ohio Rhode Island Pennsylvania Michigan New Mexico Mississippi Maine Connecticut Vermont Illinois West Virginia -1% 0% 1% 2% 3% The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
40-45% of NSHE Grads Typically Employed in NV Shortly After Graduation; Salaries Up % Employed in NV 2-5 Qtrs. Following Graduation (NPWR Research Tool) 48% 47% 46% 45% 44% 43% 42% 41% 40% 39% 38% 37% $46,000 $45,000 $44,000 $43,000 $42,000 $41,000 $40,000 $39,000 $38,000 $37,000 $36,000 % Employed Average Wages The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency
NEVADA Employment & Unemployment December 2015 Employment Growth M/M Y/Y Y/Y% Nevada -3.7 25.2 2.0% (Seasonally Adjusted) Nevada -3.9 25.3 2.0% (Non-Seasonally Adjusted) United States 292 2,650 1.9% (Seasonally Adjusted) (Employment in thousands) Unemployment Rates: Nevada Statewide 6.4% (Seasonally Adjusted) Nevada Statewide 6.1% (Non-Seasonally Adjusted) United States 5.0% (Seasonally Adjusted) 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) 684-0450
Nevada Labor Force and Unemployment Statewide (Estimates In Thousands) Dec-15 Dec-14 CHANGE % CHANGE Nov-15 Seasonally Adjusted LABOR FORCE 1430.6 1398.8 31.8 2.3% 1432.4 EMPLOYMENT 1338.8 1300.3 38.5 3.0% 1338.9 UNEMPLOYMENT 91.8 98.5-6.7-6.8% 93.5 UNEMPLOYMENT RATE 6.4% 7.0% ------ ------ 6.5% Non-Seasonally Adjusted LABOR FORCE 1417.8 1395.2 22.6 1.6% 1429.4 EMPLOYMENT 1331.2 1299.2 32.0 2.5% 1339.5 UNEMPLOYMENT 86.6 96.0-9.4-9.8% 89.9 UNEMPLOYMENT RATE 6.1% 6.9% ------ ------ 6.3% 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
Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide Total All Industries (Estimates In Thousands) Dec-15 Dec-14 CHANGE % CHANGE Nov-15 1255.7 1230.5 25.2 2.0% 1259.4 Natural Resources & Mining 12.8 14.3-1.5-10.5% 12.9 Construction 69.7 64.2 5.5 8.6% 70.5 Manufacturing 42.4 42.2 0.2 0.5% 42.2 Durable Goods 25.9 26.2-0.3-1.1% 25.8 Non-durable Goods 16.5 16.0 0.5 3.1% 16.4 Trade, Transportation & Utilities 231.3 232.5-1.2-0.5% 231.2 Wholesale 34.9 34.7 0.2 0.6% 35.0 Retail 137.4 139.8-2.4-1.7% 137.2 Transportation, Warehousing & Utilities 59.0 58.0 1.0 1.7% 59.0 Financial Activities 55.7 57.1-1.4-2.5% 56.6 Finance and Insurance 31.8 32.1-0.3-0.9% 32.2 Real Estate & Rental Leasing 23.9 25.0-1.1-4.4% 24.4 Professional & Business Services 161.2 159.0 2.2 1.4% 162.2 Professional, Scientific and Technical 51.1 51.4-0.3-0.6% 51.0 Administrative & Support and Waste Mgt. 88.5 87.2 1.3 1.5% 87.8 Education and Health Services 124.1 118.6 5.5 4.6% 123.2 Educational Services 14.9 13.3 1.6 12.0% 14.4 Health Care and Social Assistance 109.2 105.3 3.9 3.7% 108.8 Leisure and Hospitality 351.8 342.2 9.6 2.8% 354.2 Arts, Entertainment and Recreation 29.6 28.4 1.2 4.2% 29.2 Accommodation and Food Service 322.2 313.8 8.4 2.7% 325.0 Other Services 36.7 34.3 2.4 7.0% 36.9 Government 156.0 152.5 3.5 2.3% 155.4 Federal 18.6 18.1 0.5 2.8% 18.5 State 38.1 37.9 0.2 0.5% 38.0 Local 99.3 96.5 2.8 2.9% 98.9
Non-Seasonally Adjusted Establishment Based Industrial Employment Nevada Statewide (Estimates In Thousands) Total All Industries Goods Producing Dec-15 Dec-14 CHANGE % CHANGE Nov-15 1265.6 1240.3 25.3 2.0% 1269.5 125.1 120.7 4.4 3.6% 127.1 Natural Resources & Mining 12.7 14.2-1.5-10.6% 12.9 Metal Ore Mining 10.3 11.3-1.0-8.8% 10.4 Construction 70.1 64.5 5.6 8.7% 71.9 Construction of Buildings 13.2 11.4 1.8 15.8% 13.6 Specialty Trade Contractors 48.9 46.8 2.1 4.5% 50.3 Manufacturing 42.3 42.0 0.3 0.7% 42.3 Durable Goods 25.8 26.1-0.3-1.1% 25.8 Computer & Electronic Products 9.8 10.2-0.4-3.9% 9.9 Other Miscellaneous (Includes Slot Mfg.) 6.1 6.6-0.5-7.6% 6.2 Non-durable Goods 16.5 15.9 0.6 3.8% 16.5 Service Providing 1140.5 1119.6 20.9 1.9% 1142.4 Private Service Providing 981.5 964.1 17.4 1.8% 984.6 Trade, Transportation & Utilities 239.7 240.9-1.2-0.5% 237.8 Wholesale 35.1 34.9 0.2 0.6% 35.2 Retail 144.1 146.5-2.4-1.6% 142.5 General Merchandise & Clothing 55.9 54.6 1.3 2.4% 55.1 Food & Beverage Stores 21.6 22.3-0.7-3.1% 21.5 Health and Personal Care Stores 9.1 8.8 0.3 3.4% 8.7 Transportation, Warehousing & Utilities 60.5 59.5 1.0 1.7% 60.1 Utilities 4.0 3.9 0.1 2.6% 4.0 Transportation & Warehousing 56.5 55.6 0.9 1.6% 56.1 Trucking, Couriers/Messengers, and Warehousing/Storage 26.3 25.6 0.7 2.7% 26.0 Air 6.4 6.2 0.2 3.2% 6.4 Transit and Ground Passenger 15.1 15.1 0.0 0.0% 15.3 Taxi and Limousine Service 11.5 11.2 0.3 2.7% 11.6 Information 14.0 13.6 0.4 2.9% 14.1 Telecommunications 3.9 3.9 0.0 0.0% 3.9 Financial Activities 56.0 57.4-1.4-2.4% 56.7 Finance and Insurance 32.0 32.3-0.3-0.9% 32.2 Credit Intermediation & Related 17.8 17.7 0.1 0.6% 17.9 Real Estate & Rental Leasing 24.0 25.1-1.1-4.4% 24.5 Professional & Business Services 161.4 159.2 2.2 1.4% 162.9 Professional, Scientific and Technical 51.6 51.9-0.3-0.6% 51.4 Management of Companies 22.7 21.6 1.1 5.1% 22.7 Administrative & Support and Waste Mgt. 87.1 85.7 1.4 1.6% 88.8 Administrative & Support Services 83.0 82.2 0.8 1.0% 84.7 Employment Services 20.2 21.5-1.3-6.0% 20.0 Education and Health Services 125.1 119.6 5.5 4.6% 123.8 Educational Services 15.4 13.8 1.6 11.6% 14.9 Health Care and Social Assistance 109.7 105.8 3.9 3.7% 108.9 Ambulatory Health Care Services 48.7 46.5 2.2 4.7% 47.8 Hospitals 26.7 26.0 0.7 2.7% 26.6 Leisure and Hospitality 349.1 339.5 9.6 2.8% 352.6 Arts, Entertainment and Recreation 29.3 28.1 1.2 4.3% 28.7 Accommodation and Food Service 319.8 311.4 8.4 2.7% 323.9 Accommodation 196.7 197.6-0.9-0.5% 199.3 Casino Hotels and Gaming 191.9 193.5-1.6-0.8% 193.5 Casino Hotels 181.6 183.0-1.4-0.8% 183.3 Gaming Industries 10.3 10.5-0.2-1.9% 10.2 Food Services and Drinking Places 123.1 113.8 9.3 8.2% 124.6 Full-Service Restaurants 59.1 55.4 3.7 6.7% 59.7 Limited-Service Restaurants 47.6 44.1 3.5 7.9% 48.3 Other Services 36.2 33.9 2.3 6.8% 36.7 Government 159.0 155.5 3.5 2.3% 157.8 Federal 18.6 18.1 0.5 2.8% 18.4 State 39.7 39.5 0.2 0.5% 39.5 Local 100.7 97.9 2.8 2.9% 99.9 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.
2015 Seasonally Adjusted Industrial Employment Nevada Statewide Estimates in thousands JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVERAGE Total All Industries 1236.0 1237.9 1236.1 1246.3 1254.0 1257.1 1260.0 1264.3 1260.2 1266.0 1259.4 1255.7 1252.8 Natural Resources & Mining 14.2 14.0 13.8 13.7 13.7 13.5 13.4 13.2 13.1 13.1 12.9 12.8 13.5 Construction 65.4 64.2 65.5 67.5 68.0 69.8 70.6 68.9 70.4 70.4 70.5 69.7 68.4 Manufacturing 41.9 41.9 41.8 41.8 41.8 42.2 42.3 42.0 42.0 42.2 42.2 42.4 42.0 Durable Goods 26.0 26.0 25.9 25.9 25.8 26.2 26.1 25.9 25.9 25.9 25.8 25.9 25.9 Non-durable Goods 15.9 15.9 15.9 15.9 16.0 16.0 16.2 16.1 16.1 16.3 16.4 16.5 16.1 Trade, Transportation & Utilities 234.8 236.5 235.5 236.1 237.3 235.1 233.7 232.5 230.5 231.6 231.2 231.3 233.8 Wholesale 35.2 35.1 35.1 34.9 34.9 35.1 35.7 35.3 34.9 35.2 35.0 34.9 35.1 Retail Trade 140.7 142.0 140.5 141.5 143.3 141.6 139.7 138.8 136.9 137.8 137.2 137.4 139.8 Transportation, Warehousing & Utilities 58.9 59.4 59.9 59.7 59.1 58.4 58.3 58.4 58.7 58.6 59.0 59.0 59.0 Financial Activities 56.3 56.3 56.7 57.1 57.6 58.5 57.6 57.7 56.7 57.4 56.6 55.7 57.0 Finance and Insurance 31.7 31.7 31.9 31.9 32.1 32.5 32.6 32.7 32.2 32.3 32.2 31.8 32.1 Real Estate & Rental Leasing 24.6 24.6 24.8 25.2 25.5 26.0 25.0 25.0 24.5 25.1 24.4 23.9 24.9 Professional & Business Services 159.6 159.6 158.7 157.7 159.0 158.4 159.7 163.4 160.9 164.2 162.2 161.2 160.4 Professional, Scientific and Technical 51.2 52.5 51.9 51.9 52.2 51.2 51.3 51.8 51.4 52.3 51.0 51.1 51.7 Administrative & Support and Waste Mgt. 87.8 86.3 85.9 83.9 84.1 85.0 86.4 88.5 85.9 89.4 87.8 88.5 86.6 Education and Health Services 119.2 119.8 119.0 120.3 121.6 121.6 123.6 124.7 122.7 124.2 123.2 124.1 122.0 Educational Services 13.6 13.7 13.7 13.7 14.1 14.5 14.9 14.6 14.1 14.4 14.4 14.9 14.2 Health Care and Social Assistance 105.6 106.1 105.3 106.6 107.5 107.1 108.7 110.1 108.6 109.8 108.8 109.2 107.8 Leisure and Hospitality 344.1 344.1 343.6 348.9 352.2 352.8 355.4 357.5 358.9 357.4 354.2 351.8 351.7 Arts, Entertainment and Recreation 28.3 28.3 28.4 28.6 29.0 29.0 29.4 29.1 29.1 29.3 29.2 29.6 28.9 Accommodation and Food Service 315.8 315.8 315.2 320.3 323.2 323.8 326.0 328.4 329.8 328.1 325.0 322.2 322.8 Other Services 34.4 35.0 35.2 36.0 36.2 36.1 36.3 36.2 36.2 36.4 36.9 36.7 36.0 Government 152.7 153.0 152.8 153.7 152.8 155.0 153.8 154.4 154.9 154.8 155.4 156.0 154.1 Federal 18.2 18.2 18.0 18.5 18.3 18.4 18.4 18.5 18.4 18.3 18.5 18.6 18.4 State 37.7 38.2 38.1 38.1 37.8 38.3 38.1 38.4 38.3 38.1 38.0 38.1 38.1 Local 96.8 96.6 96.7 97.1 96.7 98.3 97.3 97.5 98.2 98.4 98.9 99.3 97.7 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. Jan-16 Information compiled by DETR's Reseach & Analysis Bureau
2015 Non-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 Total All Industries 1220.5 1229.5 1233.5 1247.5 1259.2 1259.6 1252.9 1257.6 1263.9 1274.4 1269.5 1265.6 1252.8 Goods Producing 118.0 118.2 119.0 121.3 123.1 127.0 127.7 126.4 127.5 126.9 127.1 125.1 123.9 Natural Resources & Mining 14.0 13.8 13.7 13.6 13.6 13.7 13.7 13.5 13.1 13.1 12.9 12.7 13.5 Metal Ore Mining 11.2 11.1 11.1 11.1 11.0 11.1 11.0 10.9 10.6 10.5 10.4 10.3 10.9 Construction 62.6 62.9 63.7 66.1 67.6 70.9 71.5 70.6 72.2 71.5 71.9 70.1 68.5 Construction of Buildings 11.0 11.1 11.3 11.5 11.8 12.8 13.1 13.3 13.6 13.8 13.6 13.2 12.5 Specialty Trade Contractors 44.9 45.7 45.8 47.4 48.4 49.9 50.2 48.8 50.1 49.4 50.3 48.9 48.3 Manufacturing 41.4 41.5 41.6 41.6 41.9 42.4 42.5 42.3 42.2 42.3 42.3 42.3 42.0 Durable Goods 25.7 25.7 25.8 25.8 25.9 26.3 26.3 26.1 26.0 25.9 25.8 25.8 25.9 Computer & Electronic Products 10.1 10.1 10.1 10.1 9.9 9.9 9.9 9.9 9.9 9.9 9.9 9.8 10.0 Other Miscellaneous (Includes Slot Mfg.) 6.4 6.4 6.3 6.3 6.1 6.3 6.2 6.2 6.3 6.2 6.2 6.1 6.3 Non-durable Goods 15.7 15.8 15.8 15.8 16.0 16.1 16.2 16.2 16.2 16.4 16.5 16.5 16.1 Service Providing 1102.5 1111.3 1114.5 1126.2 1136.1 1132.6 1125.2 1131.2 1136.4 1147.5 1142.4 1140.5 1128.9 Private Service Providing 952.6 955.8 958.2 969.6 979.0 980.8 979.4 984.1 981.4 990.5 984.6 981.5 974.8 Trade, Transportation & Utilities 233.7 233.1 232.3 233.0 234.2 233.4 232.6 231.5 230.3 234.0 237.8 239.7 233.8 Wholesale 34.9 34.7 34.8 34.9 35.0 35.1 35.6 35.4 35.1 35.4 35.2 35.1 35.1 Retail 140.0 139.6 138.0 139.1 140.6 140.4 138.9 137.7 136.3 139.2 142.5 144.1 139.7 General Merchandise & Clothing 50.0 48.4 48.2 48.2 48.8 48.9 48.6 48.5 48.7 50.5 55.1 55.9 50.0 Food & Beverage Stores 21.9 21.8 21.9 22.0 22.2 22.3 21.2 21.2 21.0 21.3 21.5 21.6 21.7 Health and Personal Care Stores 8.4 8.4 8.4 8.4 8.5 8.5 8.6 8.4 8.5 8.6 8.7 9.1 8.5 Transportation, Warehousing & Utilities 58.8 58.8 59.5 59.0 58.6 57.9 58.1 58.4 58.9 59.4 60.1 60.5 59.0 Utilities 3.9 3.9 3.9 3.9 3.9 3.9 4.0 4.0 4.0 3.9 4.0 4.0 3.9 Transportation & Warehousing 54.9 54.9 55.6 55.1 54.7 54.0 54.1 54.4 54.9 55.5 56.1 56.5 55.1 Trucking, Couriers/Messengers, and Warehousing/Storage 24.5 24.5 24.7 24.7 24.8 24.9 24.9 25.0 25.4 25.6 26.0 26.3 25.1 Air 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.3 6.3 6.3 6.4 6.4 6.3 Transit and Ground Passenger 15.2 15.2 15.2 15.1 15.1 15.0 14.9 15.1 15.0 15.1 15.3 15.1 15.1 Taxi and Limousine Service 11.4 11.3 11.5 11.4 11.4 11.4 11.3 11.5 11.6 11.4 11.6 11.5 11.4 Information 13.4 13.5 13.5 13.5 13.8 14.1 13.6 13.8 13.9 14.3 14.1 14.0 13.8 Telecommunications 3.8 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 4.0 3.9 3.9 3.9 Financial Activities 56.5 56.4 56.7 57.0 57.5 58.6 57.5 57.7 56.7 57.5 56.7 56.0 57.1 Finance and Insurance 32.2 31.9 32.1 31.9 32.0 32.5 32.4 32.5 32.1 32.3 32.2 32.0 32.2 Credit Intermediation & Related 17.6 17.5 17.5 17.6 17.6 18.0 17.9 17.8 17.7 17.9 17.9 17.8 17.7 Real Estate & Rental Leasing 24.3 24.5 24.6 25.1 25.5 26.1 25.1 25.2 24.6 25.2 24.5 24.0 24.9 Professional & Business Services 157.7 158.0 158.3 158.1 159.2 159.2 158.9 162.5 161.2 165.4 162.9 161.4 160.2 Professional, Scientific and Technical 51.1 52.3 52.4 52.4 51.6 50.6 51.3 51.8 51.2 52.5 51.4 51.6 51.7 Management of Companies 21.0 21.1 21.2 21.7 22.0 22.4 22.3 22.7 22.6 22.8 22.7 22.7 22.1 Administrative & Support and Waste Mgt. 85.6 84.6 84.7 84.0 85.6 86.2 85.3 88.0 87.4 90.1 88.8 87.1 86.5 Administrative & Support Services 81.6 79.9 80.7 80.1 81.6 82.2 81.3 83.9 83.4 86.0 84.7 83.0 82.4 Employment Services 19.6 18.8 18.9 18.6 19.2 19.2 18.8 19.7 19.9 20.1 20.0 20.2 19.4 Education and Health Services 118.4 119.5 119.0 121.0 122.3 122.2 122.4 123.2 122.9 124.6 123.8 125.1 122.0 Educational Services 13.7 14.0 14.1 14.1 14.1 14.1 13.8 13.7 13.9 14.7 14.9 15.4 14.2 Health Care and Social Assistance 104.7 105.5 104.9 106.9 108.2 108.1 108.6 109.5 109.0 109.9 108.9 109.7 107.8 Ambulatory Health Care Services 46.0 46.6 45.9 46.2 47.1 46.9 48.0 48.2 47.6 48.5 47.8 48.7 47.3 Hospitals 26.0 26.1 26.2 26.3 26.3 26.3 26.3 26.4 26.4 26.5 26.6 26.7 26.3 Leisure and Hospitality 338.8 340.9 343.6 351.3 355.6 356.7 357.7 358.6 359.6 357.9 352.6 349.1 351.9 Arts, Entertainment and Recreation 27.5 27.7 28.3 29.0 29.3 29.5 29.7 29.7 29.5 29.2 28.7 29.3 29.0 Accommodation and Food Service 311.3 313.2 315.3 322.3 326.3 327.2 328.0 328.9 330.1 22.8 22.3 22.7 247.5 Accommodation 197.6 199.4 199.5 202.1 203.8 204.6 204.6 204.0 203.9 10.3 10.2 10.3 154.2 Casino Hotels and Gaming 192.4 193.9 194.6 196.4 197.3 198.3 198.6 198.0 198.0 328.7 323.9 319.8 228.3 Casino Hotels 182.1 183.6 184.2 186.1 187.0 188.0 188.2 187.6 187.7 202.1 199.3 196.7 189.4 Gaming Industries 10.3 10.3 10.4 10.3 10.3 10.3 10.4 10.4 10.3 186.2 183.3 181.6 53.7 Food Services and Drinking Places 113.7 113.8 115.8 120.2 122.5 122.6 123.4 124.9 126.2 126.6 124.6 123.1 121.5 Full-Service Restaurants 55.3 55.3 55.6 56.3 58.1 57.4 57.9 58.4 60.0 61.6 59.7 59.1 57.9 Limited-Service Restaurants 43.8 44.1 44.8 46.0 46.5 47.2 47.5 48.3 48.1 48.1 48.3 47.6 46.7 Other Services 34.1 34.4 34.8 35.7 36.4 36.6 36.7 36.8 36.8 36.8 36.7 36.2 36.0 Government 149.9 155.5 156.3 156.6 157.1 151.8 145.8 147.1 155.0 157.0 157.8 159.0 154.1 Federal 17.9 17.9 17.8 18.4 18.4 18.6 18.7 18.7 18.6 18.3 18.4 18.6 18.4 State 34.9 39.2 39.6 39.4 39.3 35.9 35.5 36.1 38.4 39.5 39.5 39.7 38.1 Local 97.1 98.4 98.9 98.8 99.4 97.3 91.6 92.3 98.0 99.2 99.9 100.7 97.6 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 Jan-16
2015 LABOR FORCE SUMMARY DATA Nevada Statewide JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC AVG NEVADA SA LABOR FORCE 1401.6 1403.3 1407.6 1415.8 1418.0 1422.5 1426.4 1428.1 1429.5 1431.3 1432.5 1430.6 1420.6 EMPLOYMENT 1302.2 1304.5 1307.5 1311.8 1318.7 1324.4 1329.5 1331.2 1333.8 1337.3 1338.9 1338.8 1323.2 UNEMPLOYMENT 99.4 99.8 100.0 100.9 99.2 98.1 96.9 96.9 95.7 94.0 93.5 91.8 97.2 UNEMPLOYMENT RATE 7.1% 7.1% 7.1% 7.1% 7.0% 6.9% 6.8% 6.8% 6.7% 6.6% 6.5% 6.4% 6.8% NEVADA NSA LABOR FORCE 1395.8 1404.6 1407.7 1415.5 1422.3 1428.5 1435.5 1429.0 1428.7 1430.0 1429.4 1417.8 1420.4 EMPLOYMENT 1290.3 1302.6 1306.8 1313.7 1329.0 1329.4 1335.9 1331.2 1334.4 1341.1 1339.5 1331.2 1323.8 UNEMPLOYMENT 105.4 102.0 100.9 101.8 93.2 99.1 99.5 97.7 94.3 88.9 89.9 86.6 96.6 UNEMPLOYMENT RATE 7.6% 7.3% 7.2% 7.2% 6.6% 6.9% 6.9% 6.8% 6.6% 6.2% 6.3% 6.1% 6.8% Note: Unemployment rates are based on unrounded data. Employment adjusted by census relationships to reflect number of persons by place of residence.