The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nevada Labor Market Briefing: May 2014 Department of Employment, Training & Rehabilitation Dennis Perea, Interim Director Bill Anderson, Chief Economist Prepared by the Research and Analysis Bureau

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency State Unemployment Rate  7.9% Unemployment Rate (SA 1 )  Down 0.1 point from April; down from 10.1% a year ago  Since the beginning of 2013, month-to-month declines recorded in 15 of 17 months  Compares to a 6.3% rate for the U.S.—1.6 points higher  At height of recession, NV’s rate was 4+ points higher than the nation’s 1 seasonally adjusted

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Unemployment Rate Falls Below 8%; First Time Since September 2008 NV vs. the U.S. Unemployment Rate (SA)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV’s Rate is 2nd Highest in the Nation Unemployment Rate Rankings (SA)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency About 30% of the Unemployed Receive UI Benefits Unemployment Ins. Recipients vs. Total Unemp.

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency States Most Impacted by the Housing Bust Have Higher Unemployment Rates State Unemployment Rates vs. Housing Prices

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Un. Rate Falls as Ed. Attainment Rises NV Unemployment Rates by Educational Attainment: 2013

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency State Employment (SA)  Non-Farm Job Levels Up 45,800 Relative to a Year Ago  Largest gain since September 2006  Up 2,400 Over the Month  5,900 (NSA 2 ) jobs were expected to be added based upon historical trends, but 8,300 were actually added, resulting in the seasonally adjusted gain  Tenth consecutive monthly gain 2 not seasonally adjusted

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV Adds Jobs Relative to Year-Ago for 41 st Straight Month Nonfarm Jobs in Nevada (SA)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Job Gains Settling in at about 40,000 Over the Year; Near 4% Job Growth (SA; year-over-year)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV Job Growth Twice the National Avg. Job Growth (Year-Over-Year)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency New Jobs > Losses From Closings Business Empl. Dynamics: Gross Job Gains vs. Gross Losses in New & Closing Establishments(SA)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nearly All Sectors Contributing to Gains YTD Job Growth by Sector

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Recent Job Estimates Appear to be Several Thousand too High QCEW vs. CES Year-over-Year Job Growth (Private)

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Wages Expand; Fail to Keep Up With Inflation NV Avg. Weekly Wage Growth: Year-Over-Year

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Number of NV Employers is on the Rise Number of Nevada Employers

The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency For Additional Information, Please Contact: Nevada Department of Employment, Training and Rehabilitation Research and Analysis Bureau Bill Anderson Chief Economist (775) follow us on