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

2. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency State Unemployment Rate  7.3% Unemployment Rate (SA 1 )  Down 0.3 percentage point from August; down from 9.6% a year ago  Off from a recession peak of 13.9%  The unemployment rate has declined or held steady, relative to the prior month, for 39 straight months  Lowest reading since July 2008  Compares to a 5.9% rate for the U.S.—1.4 points higher  Lowest differential since mid-2008 1 seasonally adjusted

3. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Unemployment Rate at 7.3%; Lowest Since July 2008 NV vs. the U.S. Unemployment Rate (SA)

4. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Long-Term Unemployment Half of Peak Nevadans Unemployed for 27+ Weeks (CPS data; 12-month moving average)

5. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Unemployment Rates Down in Every County Over Recovery Ratio of Sept. 2014 Rate to Sept. 2010

6. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency FT Employment Rises; PT Holds Steady Full-Time vs. Part-Time Employment (CPS data; 12-month moving average)

7. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency State Employment (SA)  Non-Farm Job Levels Up 38,200 Relative to a Year Ago  3.2% gain compares to 1.9% in the nation  45 consecutive months of year-over-year gains  Down -1,800 Over the Month  8,600 (NSA 2 ) jobs were expected to be added based upon historical trends, but 6,800 were actually added, resulting in the seasonally adjusted decline  2 nd consecutive monthly decline…estimation model may be correcting for over-estimates during prior months 2 not seasonally adjusted

8. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV Adds 38,200 Jobs Relative to Year- Ago; Trending up for 45 months Nonfarm Jobs in Nevada (SA)

9. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Job Growth Hovering in 3-4% Range the Past Year; Some Signs of Easing Job Growth (SA; year-over-year)

10. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV on Pace to Add Close to 100K Jobs Since 2010 Nevada Job Growth Since 2010

11. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Job Gains > Losses in 13 Straight Qtrs. Business Employment Dynamics: Private Sector Gross Job Gains vs. Gross Job Losses (SA)

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

13. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Nearly All Sectors Contributing; PBS Leads the Way; Construction up 6,100 YTD Job Growth by Sector

14. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Seasonal Holiday Hiring Could Approach Last Year’s 13,500 September-December Growth in Trade/Transportation Jobs

15. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency NV Jobs up 3.6% Through First 9 mos. This Year; Double Growth in the US Job Growth (year-over-year)

16. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Job Growth Stronger Than in 48 States QCEW Job Growth Rankings (# of states with slower private sector job growth than NV; 2014 YTD through IQ)

17. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Small Business Adding Employment Since 2010 Employment in Establishments with less than 100 Workers

18. The Nevada Department of Employment, Training and Rehabilitation is a proactive workforce & rehabilitation agency Affordable Care Act: No Anecdotal Evidence that Businesses are Shrinking Businesses Crossing the 50-Employee Threshold (2013-2014)

19. 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 wdanderson@nvdetr.org (775) 684-0450 http://www.nevadaworkforce.com follow us on Twitter @nvlabormarket