Nevada’s construction industry continued its torrid employment pace, once again leading the Silver State in job growth rate as Nevada’s overall unemployment rate fell to its lowest level in nine years in December, according to the latest employment report from Nevada’s Department of Employment, Training and Rehabilitation (DETR).
The construction industry’s seasonally-adjusted average employment level in 2016 was 10.4 percent higher than in 2015, representing a gain of 7,200 jobs. The double-digit pace led all industries in Nevada.
DETR reported the Silver State’s construction industry employed 83,000 people in December on a seasonally-adjusted basis. This number is 2,500 higher than the previous month and 11,000 more than in December 2015, a 15.3 percent gain from the same month a year ago.
Specialty Trade Contractors added 7,400 jobs during 2016, a growth rate of 14.1 percent. However, total employment by these contractors declined by 100 from November 2016 to a total of 60,000 jobs. Employment by Specialty Trade Contractors is not seasonally adjusted.
Overall, employment in Nevada during December increased by a seasonally-adjusted level of 3,400. The state’s unemployment rate fell 0.1 percentage points to 5.1 percent, its lowest level in nine years, according to DETR. Average employment during 2016 was 32,500 jobs higher than the average for 2015, a 2.6 percent increase.
“I’m pleased with the manner in which Nevada’s labor markets closed out the year in 2016,” said Governor Brian Sandoval. “Job growth continued for the 72nd consecutive month. We’ve established a new employment record. The unemployment rate fell from a year ago for the 70th straight month. Wages, small business employment, and the number of employers all stand at record highs. I’m committed to our continued momentum of supporting job growth so that every Nevadan is able to find employment.”
DETR reported total employment in Nevada reached its highest level ever during December at 1.31 million jobs. Total employment during the month was 38,300 higher than during December 2015.