23 Oct
Posted by: Jennifer in: Jobs, Construction
While the state saw its highest unemployment rate in 23 years, Nevada construction jobs are experiencing more than a 10 percent decrease when compared to last year.
As of September 2008, Nevada’s construction industry employed 117,700 workers, down from 119,900 workers during August. This is a 10.5 percent decrease from last year, according to the United States Department of Labor Bureau of Labor Statistics.
Nevada had a total non-farm employment of 1,280,200 during September, down from 1,284,400 during August and a decrease of .5 percent from last year. During September the state saw an unemployment rate of 7.3 percent, up from 7.1 percent in August and its highest unemployment rate since 1985. On top of this, more people are filing claims for unemployment insurance and more people are having trouble finding work.
“Nevada continues to feel the economic pinch that the rest of the nation is experiencing,” Bill Anderson, chief economist for the Nevada Department of Employment, said in an article by the Las Vegas Review Journal. “What was a lingering problem for consumers and commercial developers quickly became a full-scale emergency as credit for doing daily business dried up.
“The bailout should free up credit, allowing commercial development to continue,” he added. “We are all holding our breath waiting to see how much of a lifeline the bailout will provide. However, it will be months before it will reflect in the unemployment rate. There simply is no quick fix.”
Other industries that saw an over-the-year decrease in employment during September include:
The industries that saw an over-the-year employment increase during September include:
The natural resources and mining industry employed 12,100 workers, the same as last year.
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2 Responses
Nevada Construction Jobs - Job Search News
02|Dec|2008 1[…] It is expected the newly-elected administration will create a new economic stimulus plan, which would include federal money for public works projects. According to an article by the Las Vegas Sun, there are currently more than $1 billion in unfunded infrastructure projects throughout Nevada, and if those projects began to take shape, Nevada’s construction industry wounds could begin to heal. […]
Nevada Construction Jobs Created by Recovery and Reinvestment Act
05|Mar|2009 2[…] Nevada’s construction industry has been hit hard by the current economic recession. The state’s construction industry employed 109,300 workers during December 2008, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 112,000 workers during November 2008 and a 15.1 percent decrease from last year. […]
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