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Construction Job Growth Again Leads the Way in Nevada

Once again the construction industry boasts the strongest rate of job growth in Nevada as overall employment in the Silver State remained relatively flat in April with the unemployment rate unchanged at 5.8%, according to the latest monthly employment report from the Nevada Department of Employment, Training and Rehabilitation. While remaining steady from March, Nevada’s unemployment rate has fallen 1.1 percentage points in the last year, according to the report.

Employment growth in the construction industry was just below double digits at 9.3% during the first four months of 2016 compared to the average of the first four months of 2015, according to the DETR report. Construction employment averaged 6,100 during the first four months of 2016 compared to the same period a year ago. Nearly 75,000 Nevadans were employed in the construction industry in April.

Specialty Trade Contractors employed 6,000 more workers this April than a year earlier, a growth rate of 12.3%. Employment figures for Specialty Trade Contractors are not seasonally adjusted.

Overall, Nevada added 400 jobs in April on a seasonally-adjusted basis. Though the state’s unemployment rate remained at 5.8%, the DETR report stated,

For the 62nd consecutive month, the unemployment rate in the Silver State decreased on a year-over-year basis. In April, the Nevada unemployment rate decreased 1.1 percentage points over the year[.]

Governor Brian Sandoval weighed in on this month’s report.

“I’m encouraged by the durability of our economic recovery in Nevada,” said Governor Brian Sandoval. “Jobs have grown for 64 straight months and the state’s unemployment rate has been trending down for 62 consecutive months. Nevada’s population growth is fourth-strongest in the nation as our labor market continues on its path to recovery. High-quality, good-paying jobs are fueling our dynamic growth as demonstrated by the announcement that wages are at an all-time high, another impressive milestone for Nevada’s job creators.”

The DETR employment report also mentioned the rise in weekly wages for Nevadans to their highest level in history at $935, during the fourth quarter of 2015.

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