Posts Tagged: labor market

Nevada Unemployment Hits All-Time Low

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According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) January 2020 economic report, employment in Nevada is up 3,900 jobs over the month and up 22,800 over the year, a growth rate of 1.6 percent. DETR notes that is at the low end of the range seen over the last year (1.5% –… Read more »

Nevada Unemployment Ticks Up in July

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According to the latest statistics from Nevada’s Department of Employment, Training, and Rehabilitation (DETR), the state’s unemployment rose 0.1 points to 4.1% in July. That figure is still down .4 points on a year-over-year basis. Nevada’s Unemployment Insurance Trust Fund ended the second quarter of 2019 with a balance of over $1.52 billion, which would… Read more »

Headline Unemployment Falls in August

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According to the latest statistics from the US Bureau of Labor Statistics, unemployment rates were lower in August in 13 states, higher in 3 states, and stable in 34 states and the District of Columbia. Eleven states had jobless rate decreases from a year earlier and 39 states and the District had little or no… Read more »

Nevada Adds 9,500 Jobs in July

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According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) July 2018 economic report, overall job growth increased to nearly 46,000 jobs year-over-year. At 3.4 percent growth, this is the largest increase since June 2017. Thirty-four states had over-the-year increases in nonfarm payroll employment in July. Nevada was tied for the second-highest percentage gain with… Read more »

Nevada Unemployment Hits 4.7% in June

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According to the state Department of Employment, Training and Rehabilitation’s (DETR) June 2018 economic report, job growth was 2.8 percent, well above the national rate of 1.6 percent. June marks the 90th straight month of year-over-year job gains in Nevada, with job growth continuing to hover near 40,000 jobs per month on a year-over-year basis. Manufacturing, construction,… Read more »

Strong Job Growth, Weak Wage Gains in June

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Below is the latest Jobs Byte from Dean Baker at the Center for Economic and Policy Research, with emphasis added by us in bold. The upshot is not unfamiliar for those following recent employment reports, whether national or local. While job growth is good and the headline unemployment is hovering around a “full” level, wage… Read more »

Job Growth Steady, Unemployment Down in May

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According to Nevada’s Department of Employment, Training and Rehabilitation’s (DETR) May 2018 economic report, job growth was 2.8 percent in May, well above the national rate of 1.6 percent, as 37,600 unadjusted jobs were added from the same month a year ago. 2017 data shows Nevada has regained the title of the fastest growing private sector in the United States, with the addition of 38,600 jobs relative to 2016,… Read more »

Nevada Unemployment Steady, Trust Fund Hits Record

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Nevada’s Unemployment Insurance (UI) Trust Fund ended the first quarter with a record balance of $1.3 billion. The number of employers in Nevada’s UI system also reached an all-time high of 70,600 in the first quarter of 2018, according to the Department of Employment, Training and Rehabilitation’s (DETR) April 2018 economic report. These are positive indicators for… Read more »

Unemployment Steady as Nevada Gains 3,500 jobs in March

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According to the Department of Employment, Training and Rehabilitation’s (DETR) March 2018 economic report, Nevada added 3,500 jobs bringing employment in the state of Nevada to a record high of 1,373,700. That’s an increase of 36,600 unadjusted jobs (2.8%) over the year. The private sector drove most of the March job growth – Construction is… Read more »

Las Vegas Among Top 10 Metros for 2017 Job Growth

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Recently released numbers by the US Bureau of Labor Statistics show Las Vegas had the seventh-highest job growth rate of any major metropolitan area in 2017. The Riverside CA area came in first with 3.55% gains over the year. Austin, Nashville, Orlando, Jacksonville, and Charlotte also topped Vegas, which saw 2.88% growth from 2016. Overall,… Read more »