Economic Overview Population (2016) 10,105 Jobs (2016) 4,597 Average Earnings (2016) $65,033 Unemployed (2/2016) 229 GRP (2014) $996,944,330 Exports (2014) $1,789,478,088 Imports (2014) $1,181,738,119 Economic Modeling Specialists International www.economicmodeling.com 1
Population 10,105-0.1% 2016 Population Population Growth for the Last 5 Years 0.3% of State State Growth 7.0% Age Group 2016 Population % of Population Under 5 years 636 6.3% 5 to 9 years 606 6.0% 10 to 14 years 570 5.6% 15 to 19 years 551 5.4% 20 to 24 years 635 6.3% 25 to 29 years 738 7.3% 30 to 34 years 816 8.1% 35 to 39 years 669 6.6% 40 to 44 years 615 6.1% 45 to 49 years 631 6.2% 50 to 54 years 702 6.9% 55 to 59 years 687 6.8% 60 to 64 years 678 6.7% 65 to 69 years 516 5.1% 70 to 74 years 405 4.0% 75 to 79 years 286 2.8% 80 to 84 years 190 1.9% 85 years and over 175 1.7% Economic Modeling Specialists International www.economicmodeling.com 2
Jobs by Industry 4,597 57.9% 42.1% Total Jobs (2016) Male Female (National: 51.4%) (National: 48.6%) NAICS Industry 2016 Jobs 11 Crop and Animal Production 104 21 Mining, Quarrying, and Oil and Gas Extraction 1,209 22 Utilities 49 23 Construction 125 31 Manufacturing 25 42 Wholesale Trade 47 44 Retail Trade 353 48 Transportation and Warehousing 78 51 Information 14 52 Finance and Insurance 50 53 Real Estate and Rental and Leasing 46 54 55 56 Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Management and Remediation Services 46 24 102 61 Educational Services 38 62 Health Care and Social Assistance 149 71 Arts, Entertainment, and Recreation 30 72 Accommodation and Food Services 528 81 Other Services (except Public Administration) 118 90 Government 1,461 99 Unclassified Industry <10 Economic Modeling Specialists International www.economicmodeling.com 3
Average Earnings by Industry $65,033 Avg. Earnings (2016) 107% of Nation Avg. NAICS Industry Avg. Earnings (2016) 11 Crop and Animal Production $27,012 21 Mining, Quarrying, and Oil and Gas Extraction $97,398 22 Utilities $89,039 23 Construction $37,121 31 Manufacturing $36,414 42 Wholesale Trade $62,691 44 Retail Trade $28,903 48 Transportation and Warehousing $45,297 51 Information $68,496 52 Finance and Insurance $50,837 53 Real Estate and Rental and Leasing $23,868 54 Professional, Scientific, and Technical Services $44,817 55 Management of Companies and Enterprises $160,624 56 Administrative and Support and Waste Management and Remediation Services $27,638 61 Educational Services $18,859 62 Health Care and Social Assistance $36,828 71 Arts, Entertainment, and Recreation $21,925 72 Accommodation and Food Services $22,488 81 Other Services (except Public Administration) $31,140 90 Government $79,428 99 Unclassified Industry $25,634 Economic Modeling Specialists International www.economicmodeling.com 4
Unemployment by Industry 229 Total Unemployment (2/2016) NAICS Industry Unemployed (2/2016) % of Regional Unemployment 11 Crop and Animal Production 4 2% 21 Mining, Quarrying, and Oil and Gas Extraction 125 55% 22 Utilities 1 1% 23 Construction 8 4% 31 Manufacturing 1 0% 42 Wholesale Trade 1 0% 44 Retail Trade 11 5% 48 Transportation and Warehousing 3 1% 51 Information 0 0% 52 Finance and Insurance 1 1% 53 Real Estate and Rental and Leasing 2 1% 54 55 56 Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Management and Remediation Services 1 0% 0 0% 4 2% 61 Educational Services 0 0% 62 Health Care and Social Assistance 2 1% 71 Arts, Entertainment, and Recreation 1 0% 72 Accommodation and Food Services 19 8% 81 Other Services (except Public Administration) 3 1% 90 Government 21 9% 99 No Previous Work Experience/Unspecified 21 9% Economic Modeling Specialists International www.economicmodeling.com 5
Gross Regional Product (GRP) $314,542,913 $604,133,579 $78,267,838 $996,944,330 Earnings (2014) Property Income (2014) Taxes on Production (2014) Total GRP (2014) NAICS Industry GRP (2014) % of Total 11 Crop and Animal Production $9,130,172 1% 21 Mining, Quarrying, and Oil and Gas Extraction $652,657,197 65% 22 Utilities $14,980,388 2% 23 Construction $9,165,458 1% 31 Manufacturing $2,832,484 0% 42 Wholesale Trade $7,075,034 1% 44 Retail Trade $16,420,248 2% 48 Transportation and Warehousing $7,056,569 1% 51 Information $2,694,949 0% 52 Finance and Insurance $9,760,413 1% 53 Real Estate and Rental and Leasing $28,216,186 3% 54 55 56 Professional, Scientific, and Technical Services Management of Companies and Enterprises Administrative and Support and Waste Management and Remediation Services $3,684,010 0% $5,266,769 1% $2,946,138 0% 61 Educational Services $716,753 0% 62 Health Care and Social Assistance $6,677,978 1% 71 Arts, Entertainment, and Recreation $1,003,465 0% 72 Accommodation and Food Services $22,536,251 2% 81 Other Services (except Public Administration) $4,352,417 0% 90 Government $136,554,501 14% Other Non-Industries $53,216,948 5% Economic Modeling Specialists International www.economicmodeling.com 6
Region Exports $1,789,478,089 Exports (2014) 92% of Supply NAICS Industry Exports (2014) 11 Crop and Animal Production $21,804,921 21 Mining, Quarrying, and Oil and Gas Extraction $931,968,871 22 Utilities $19,860,181 23 Construction $8,069,294 31 Manufacturing $5,951,411 42 Wholesale Trade $8,963,495 44 Retail Trade $17,895,876 48 Transportation and Warehousing $12,078,949 51 Information $2,932,313 52 Finance and Insurance $9,931,065 53 Real Estate and Rental and Leasing $41,609,004 54 Professional, Scientific, and Technical Services $2,803,747 55 Management of Companies and Enterprises $8,774,989 56 Administrative and Support and Waste Management and Remediation Services $2,979,490 61 Educational Services $469,694 62 Health Care and Social Assistance $5,371,392 71 Arts, Entertainment, and Recreation $1,525,673 72 Accommodation and Food Services $30,859,978 81 Other Services (except Public Administration) $4,737,013 90 Government $650,890,733 Economic Modeling Specialists International www.economicmodeling.com 7
Region Imports $1,181,738,119 $182,474,513 Imports (2014) Locally Produced & Consumed (2014) 87% of Demand 13% of Demand NAICS Industry Imports (2014) 11 Crop and Animal Production $6,643,534 21 Mining, Quarrying, and Oil and Gas Extraction $40,124,439 22 Utilities $20,532,406 23 Construction $53,938,080 31 Manufacturing $232,025,753 42 Wholesale Trade $58,413,266 44 Retail Trade $34,222,283 48 Transportation and Warehousing $28,197,799 51 Information $34,608,203 52 Finance and Insurance $51,705,454 53 Real Estate and Rental and Leasing $26,937,951 54 Professional, Scientific, and Technical Services $52,984,616 55 Management of Companies and Enterprises $15,955,047 56 Administrative and Support and Waste Management and Remediation Services $17,630,464 61 Educational Services $9,609,448 62 Health Care and Social Assistance $60,389,859 71 Arts, Entertainment, and Recreation $7,035,624 72 Accommodation and Food Services $16,791,079 81 Other Services (except Public Administration) $13,805,235 90 Government $400,187,580 Economic Modeling Specialists International www.economicmodeling.com 8
Regional Trends Region 2006 Jobs 2016 Jobs Change Region 4,264 4,597 333 Nevada 1,375,230 1,386,245 11,015 United States 150,946,325 158,252,948 7,306,623 Growing & Declining Occupations Occupation Change in Jobs (2006-2016) Continuous Mining Machine Operators 63 Heavy and Tractor-Trailer Truck Drivers 37 Mobile Heavy Equipment Mechanics, Except Engines 35 Teacher Assistants -29 Elementary School Teachers, Except Special Education -30 Substitute Teachers -31 Growing & Declining Industries Industry Change in Jobs (2006-2016) Gold Ore Mining 333 Hospitals (Local Government) 183 Copper Ore and Nickel Ore Mining 137 Animal Production and Aquaculture -47 Hotels (except Casino Hotels) and Motels -56 Elementary and Secondary Schools (Local Government) -275 Economic Modeling Specialists International www.economicmodeling.com 9
2016 Educational Attainment Education Level 2016 Population 2016 Percent Less Than 9th Grade 367 5.2% 9th Grade to 12th Grade 902 12.7% High School Diploma 2,598 36.6% Some College 2,128 29.9% Associate's Degree 365 5.1% Bachelor's Degree 478 6.7% Graduate Degree and Higher 270 3.8% 2016 Age Cohort Demographics Age Cohort 2016 Population 2016 Percent Under 20 years 2,363 23.4% 20 to 39 years 2,858 28.3% 40 to 59 years 2,635 26.1% 60 to 79 years 1,885 18.7% 80 years and over 365 3.6% Economic Modeling Specialists International www.economicmodeling.com 10
2016 Race/Ethnicity Demographics Race/Ethnicity 2016 Population 2016 Percent All Other Race/Ethnicities 486 4.8% American Indian or Alaskan Native, Non-Hispanic 402 4.0% Black, Non-Hispanic 495 4.9% White, Hispanic 1,408 13.9% White, Non-Hispanic 7,315 72.4% Economic Modeling Specialists International www.economicmodeling.com 11
Data Sources and Calculations Input-Output Data The input-output model in this report is EMSI's gravitational flows multi-regional social account matrix model (MR-SAM). It is based on data from the Census Bureau's Current Population Survey and American Community Survey; as well as the Bureau of Economic Analysis' National Income and Product Accounts, Input-Output Make and Use Tables, and Gross State Product data. In addition, several EMSI in-house data sets are used, as well as data from Oak Ridge National Labs on the cost of transportation between counties. Institution Data The institution data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. Completers Data The completers data in this report is taken directly from the national IPEDS database published by the U.S. Department of Education's National Center for Education Statistics. Demographic Data The demographic data in this report is compiled from several sources using a specialized process. Sources include annual population estimates and population projections from the US Census Bureau, birth and mortality rates from the US Health Department, and projected regional job growth. Industry Data EMSI industry data have various sources depending on the class of worker. (1) For QCEW Employees, EMSI primarily uses the QCEW (Quarterly Census of Employment and Wages), with supplemental estimates from County Business Patterns and Current Employment Statistics. (2) Non-QCEW employees data are based on a number of sources including QCEW, Current Employment Statistics, County Business Patterns, BEA State and Local Personal Income reports, the National Industry-Occupation Employment Matrix (NIOEM), the American Community Survey, and Railroad Retirement Board statistics. (3) Self-Employed and Extended Proprietor classes of worker data are primarily based on the American Community Survey, Nonemployer Statistics, and BEA State and Local Personal Income Reports. Projections for QCEW and Non-QCEW Employees are informed by NIOEM and long-term industry projections published by individual states. Unemployment Data The unemployment data in this report comes from the Bureau of Labor Statistics' Local Area Unemployment Statistics and is updated every two months. Occupation Data EMSI occupation employment data are based on final EMSI industry data and final EMSI staffing patterns. Wage estimates are based on Occupational Employment Statistics (QCEW and Non-QCEW Employees classes of worker) and the American Community Survey (Self-Employed and Extended Proprietors). Occupational wage estimates also affected by county-level EMSI earnings by industry. Educational Attainment Data EMSI's educational attainment numbers are based on EMSI's demographic data and the American Community Survey. By combining these sources, EMSI interpolates for missing years and projects data at the county level. Educational attainment data cover only the population aged 25 years or more and indicate the highest level achieved. State Data Sources This report uses state data from the following agencies: Nevada Department of Employment, Training and Rehabilitation, Information Development and Processing Division, Research and Analysis Bureau Economic Modeling Specialists International www.economicmodeling.com 12