Posts Tagged: labor

Nevada Employment Growth Softened Prior to COVID-19

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According to the Nevada Department of Employment, Training and Rehabilitation’s (DETR) February 2020 economic report, employment in Nevada is down 1,000 jobs over the month but up 18,300 over the year, a growth rate of 1.3 percent. This marks the first time since July 2012 that Nevada employment grew at a slower rate than the national… Read more »

Nevada Well-Positioned to Weather Labor Force Dips

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As Baby Boomers exit the workforce, the nation will continue to see tightening in the labor market, defined as adults aged 20-64. By 2030 the Census projects the ratio of working-age adults to dip to 55.8% from 59.6% in 2015. However, an analysis from the Conference Board indicates that Nevada’s labor force will decline only… Read more »

Labor Force Participation Rate on the Decline

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A new paper from Brookings says the labor force participation rate (LFPR) will decline to 61% by 2022 – a level as low as the early 1970s. The rate has fallen 3 percentage points — from 66% pre-Great Recession to 63% this year – even as the labor market has shown signs of recovery. The decline,… Read more »