Construction jobs in Arizona and New Mexico rose slightly in October while Nevada remained stagnant in the category, according to statistics recently released by the states.
However, the overall outlook in Nevada is much brighter as the state posted year-over-year construction job growth and also grew non-farm employment overall.
Arizona experienced the most significant month-over-month employment growth by adding over 30,000 non-farm jobs in October. New Mexico also added jobs in October, but on a much smaller scale. The state’s unemployment rate remained unchanged despite the job growth.
Nevada
Employers in Nevada added 6,200 jobs in October, propelling the unemployment rate in the state to a seasonally-adjusted 6.6 percent, the lowest mark in over seven years. That figure is 0.6 percent lower than last October and 0.1 percent lower than the unemployment rate in September, according to the Nevada Department of Employment, Training and Rehabilitation.
“This year is proving to be a solid year for Nevada’s economy,” says Gov. Brian Sandoval. “Job levels are up 40,000 from 2014. Initial claims for unemployment insurance are down by 10 percent.”
Construction jobs remained stagnant in Nevada between September and October of this year, according to seasonally-adjusted statistics released by the state. However, the construction industry is still showing the highest rate of job growth among all sectors in Nevada based on year-over-year statistics.
With 7,100 jobs added, construction employment has grown 11.2 percent relative to October 2014.
October also marked the 56th straight month of annual unemployment declines in Nevada.
“The unemployment rate is the lowest since June 2008,” said Sandoval. “Looking forward, I’m confident that, as we progress into 2016, we will continue to see good news on the jobs front that will keep Nevada near the top of the job growth rankings. I am committed to continuing our efforts to diversifying our economy and creating job opportunities for Nevadans who still need employment.”
Arizona
Arizona showed a net gain of 33,800 non-farm jobs in the month of October, outpacing the state’s average over-the-month gains from 2010 to 2014, according to the Arizona Department of Employment and Population Statistics. In that timespan, Arizona added an average of 23,900 jobs per month.
Those added jobs coincide with a drop in the unemployment rate in the state. The 6.1% unemployment rate in October was 0.2 percent lower than the September rate and 0.5 percent lower than the unemployment rate in October 2014.
The construction industry saw meager gains in October, adding 100 jobs. Arizona has added 4,700 construction jobs year over year.
New Mexico
New Mexico added 2,700 jobs in October, but the unemployment rate in the state remained stagnant at 6.8 percent relative to September, according to the New Mexico Department of Workforce Solutions. That number is actually higher than the 6.2 percent unemployment rate New Mexico experienced in October 2014.
Despite the rising unemployment rate, New Mexico saw significant gains of 2,800 non-farm jobs in October compared to the same month last year. It is the 32nd straight month of over-the-year employment growth in the state.
The construction industry gained 800 jobs in October compared to September of this year. However, over-the-year statistics indicate a 1.6 percent drop in construction jobs in October relative to October 2014.
Construction jobs in Arizona and New Mexico rose slightly in October while Nevada remained stagnant in the category, according to statistics recently released by the states.
However, the overall outlook in Nevada is much brighter as the state posted year-over-year construction job growth and also grew non-farm employment overall.
Arizona experienced the most significant month-over-month employment growth by adding over 30,000 non-farm jobs in October. New Mexico also added jobs in October, but on a much smaller scale. The state’s unemployment rate remained unchanged despite the job growth.
Nevada
Employers in Nevada added 6,200 jobs in October, propelling the unemployment rate in the state to a seasonally-adjusted 6.6 percent, the lowest mark in over seven years. That figure is 0.6 percent lower than last October and 0.1 percent lower than the unemployment rate in September, according to the Nevada Department of Employment, Training and Rehabilitation.
Employers in Nevada added 6,200 jobs in October, propelling the unemployment rate in the state to a seasonally-adjusted 6.6 percent, the lowest mark in over seven years. That figure is 0.6 percent lower than last October and 0.1 percent lower than the unemployment rate in September, according to the Nevada Department of Employment, Training and Rehabilitation.
“This year is proving to be a solid year for Nevada’s economy,” says Gov. Brian Sandoval. “Job levels are up 40,000 from 2014. Initial claims for unemployment insurance are down by 10 percent.”
Construction jobs remained stagnant in Nevada between September and October of this year, according to seasonally-adjusted statistics released by the state. However, the construction industry is still showing the highest rate of job growth among all sectors in Nevada based on year-over-year statistics.
With 7,100 jobs added, construction employment has grown 11.2 percent relative to October 2014.
October also marked the 56th straight month of annual unemployment declines in Nevada.
“The unemployment rate is the lowest since June 2008,” said Sandoval. “Looking forward, I’m confident that, as we progress into 2016, we will continue to see good news on the jobs front that will keep Nevada near the top of the job growth rankings. I am committed to continuing our efforts to diversifying our economy and creating job opportunities for Nevadans who still need employment.”
Arizona
Arizona showed a net gain of 33,800 non-farm jobs in the month of October, outpacing the state’s average over-the-month gains from 2010 to 2014, according to the Arizona Department of Employment and Population Statistics. In that timespan, Arizona added an average of 23,900 jobs per month.
Arizona showed a net gain of 33,800 non-farm jobs in the month of October, outpacing the state’s average over-the-month gains from 2010 to 2014, according to the Arizona Department of Employment and Population Statistics. In that timespan, Arizona added an average of 23,900 jobs per month.
Those added jobs coincide with a drop in the unemployment rate in the state. The 6.1% unemployment rate in October was 0.2 percent lower than the September rate and 0.5 percent lower than the unemployment rate in October 2014.
The construction industry saw meager gains in October, adding 100 jobs. Arizona has added 4,700 construction jobs year over year.
New Mexico
New Mexico added 2,700 jobs in October, but the unemployment rate in the state remained stagnant at 6.8 percent relative to September, according to the New Mexico Department of Workforce Solutions. That number is actually higher than the 6.2 percent unemployment rate New Mexico experienced in October 2014.
New Mexico added 2,700 jobs in October, but the unemployment rate in the state remained stagnant at 6.8 percent relative to September, according to the New Mexico Department of Workforce Solutions. That number is actually higher than the 6.2 percent unemployment rate New Mexico experienced in October 2014.
Despite the rising unemployment rate, New Mexico saw significant gains of 2,800 non-farm jobs in October compared to the same month last year. It is the 32nd straight month of over-the-year employment growth in the state.
The construction industry gained 800 jobs in October compared to September of this year. However, over-the-year statistics indicate a 1.6 percent drop in construction jobs in October relative to October 2014.
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