weather icon Clear

Nevada jobs are up over the year

Employment in Nevada is down 1,800 jobs over the month and up 30,800 over the year,the Nevada Department of Employment, Training and Rehabilitation’s (DETR) October 2019 economic report shows.

The state’s unemployment rate is unchanged from September, at 4.1 percent, and is down 0.3 percentage point when compared to last October, the department reported Nov. 13.

“This month’s economic report reflects positive growth in Nevada’s economy,” Nevada Gov. Steve Sisolak said in a news release. “Employment in the state continues to show increase over the year, exceeding the national job rate, while unemployment rate remains low and unchanged. I am pleased to see that we continue to increase the number of employers in our state. While the state’s labor market remains positive, we must continue our efforts to ensure ongoing job opportunities for all Nevadans.”

The department’s report also notes that Nevada’s Unemployment Insurance Trust Fund ended the third quarter of 2019 with a balance of over $1.85 billion, a record level.

“In October, Nevada’s employment growth fell to a lower level than we have seen over the past several years. Both the total change over the year as well as the growth rate were the lowest since 2013. However, October 2018 marked the first of four very strong months, making the year-ago comparison more challenging this month,” said David Schmidt, chief economist for the department.

“Also, while few industries show declines in employment, several are showing more moderate growth than we experienced earlier this year,” Schmidt said. “The unemployment rate held steady once again this month remaining relatively low, historically speaking. Additionally, unemployment insurance claims declined over the year and the number of employers in the State is at an all-time high. Overall, this month’s data paints a generally positive picture, though as in recent months the national outlook remains uncertain,”

Additional October report highlights:

Total employment rose by 2.2 percent over the year, growing at the low end of the range seen over the last year (2.2% – 4.1%).

Professional and business services added the most jobs out of all sectors, for the 12-month period ending in October 2019, increasing by an average of 11,300 jobs over the same year time the year prior.

As of October 2019, the number of unemployed Nevadans with disabilities totaled 6,700.

This is down from 10,820 in mid-2010.

Nevada initial claims for unemployment insurance totaled 9,735 and realized a year-over-year decrease this month, down 1.7 percent in October, or 165 claims.

The number of employers in the Nevada unemployment insurance system continued to set records in the third quarter of 2019, totaling 74,136 employers, an increase of 452 from the previous quarter.

Looking across the nation, Nevada ranks third in employer growth through the second quarter of 2019. Only Delaware and Idaho have reported higher growth rates over that span.

Year-to-date through October, 308,956 ads have been posted for jobs in Nevada, an increase of 53,818 (21.1 percent) from the same period last year.

Don't miss the big stories. Like us on Facebook.
Regents name Sandoval next president of UNR

The Nevada System of Higher Education Board of Regents on Thursday announced the appointment of former Gov. Brian Sandoval at the University of Nevada, Reno’s next president.

Ruth Bader Ginsburg dies at the age of 87

Supreme Court Justice Ruth Bader Ginsburg died Friday from complications from cancer, the Supreme Court announced.

Searchers find deceased hiker in Death Valley

A team of Death Valley National Park rangers and an Inyo County sheriff deputy located a deceased hiker on the morning of Sept. 7 roughly a mile from the Zabriskie Point trailhead.

Nevada reports 501 new cases of COVID-19

Nevada reported 501 new cases of COVID-19, COVID-19 Response Director Caleb Cage and Deputy Administrator of Community Health Services Julia Peek announced Friday at their daily teleconference with the media.

Hundreds remember Dusty Park at Pahrump Valley Speedway

It was billed as a Celebration of Life for Dusty Park, and much of the afternoon felt like a celebration. There was laughter and sharing stories among the several hundred people who gathered Sunday at Pahrump Valley Speedway to remember him.

Local RSVP program still active despite COVID-19

The Nevada Rural Counties Retired and Senior Volunteer Program in Pahrump is looking for a few good men and women to help provide services to area seniors.

Attorneys general enlisted in fight against youth suicide

Forty attorneys general across the nation, including Nevada’s Aaron Ford, are working with the Jason Foundation as ambassadors to address the public health issue of youth and young adult suicide.

Highway 160 southbound closed by morning crash

No serious injuries were reported following a two-vehicle crash at the intersection of state Route 160 and 372, just before 8:30 a.m., on Wednesday, Sept. 16.

Nevada unemployment dips below worst rate of Great Recession

Jobs in Nevada increased by 0.5% in August compared to 1.0% nationally according to the Nevada Department of Employment, Training and Rehabilitation’s August 2020 economic report.