Jobs in Nevada
Finding jobs in Nevada(click here) became more difficult during May, according to the most recent data from the U.S. Bureau of Labor Statistics (BLS). Unemployment in the state climbed 0.7 percent from April’s 10.6 percent to 11.3 percent. This is the highest joblessness has been in Nevada since this data started being recorded in 1976, according to the State Department of Employment, Training and Rehabilitation.
BLS data shows that the state’s jobless rate was only 6.1 percent during the same month of 2008, which is a significant increase in 12 months time. On top of this, Nevada’s unemployment rate continued to be considerably higher than the national average of 9.4 percent.
During May approximately 158,500 people were looking for Nevada jobs. This is an increase of 10,400 newly unemployed workers from the previous month.
Last month leisure, hospitality and casino sector increased by 800 positions. This could have something to do with the job situation improving in other areas, which in turn enabled more individuals to travel to Nevada. Other industries that saw an increase in hiring included business services manufacturing, which gained 500 and 100 new jobs respectively.
Employment in the state’s education and health services sector decreased by 400 jobs, which is somewhat surprising considering this industry was previously thought to be recession proof. Other industries that posted job losses included construction and the government sector, which lost 200 and 100 positions each.
Statewide the number of jobs has fallen 6.1 percent during the last 12 months. The largest declines noted by the BLS for this time period occurred in the construction industry, which has seen a 20.3 percent decline in the last year. This translates to a loss of 25,300 positions. With fewer people unable to purchase homes, the need for new construction projects has fallen drastically. On top of this, there have been issues that have caused several casino projects to have to post-pone finishing their structures.
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