Let’s face it: The economy is a little delicate right now. It seems that the cost of items is increasing, it’s harder to take vacations and things just seem economically stagnant. You may be looking for a career change or possible other jobs in Las Vegas.
According to U.S. Bureau of Labor Statistics, job openings plummeted in April, equating to be the lowest level in three years.
From this statistic, it seems that the job market is definitely becoming more competitive. And according to the Washington Post, “Hiring is slowing, especially for recent graduates, with coveted white-collar employers pulling back on new postings.”
Jobs In Las Vegas: Market Is Tight And Competitive
We don’t want this bleak forecast on the labor market to scare you. Even in times of recession, there is opportunity for economic growth. Along with that, Nevada’s economic data is showing a positive growth in regards to some economic indicators. The Nevada Governor’s Office of Economic Development reports a growth in the state’s gross domestic product (GDP), median household income and labor force employment in 2023.
But, this doesn’t take away from our unemployment rate. According to the U.S. Bureau of Labor Statistics, Nevada’s unemployment rate in April 2024 was 5.1%. In comparison to the rest of the country, that’s one of the highest unemployment rates.
We’re basically right behind California, which has a 5.3% unemployment rate during the same data period.
An online financial publication called CPA Practice Advisor reported and interviewed David Schmidt, the chief economist at the State of Nevada Department of Employment, Training, & Rehabilitation, which is a state workforce development agency.
Schmidt said we have more people who are “entering the labor market, or re-entering the labor market, or voluntarily left their last job as opposed to people who lost it.”
Although inflation does feel suffocating, wage gains have seemed to benefit hospitality workers, and these gains “have outpaced inflation,” CPA Practice Advisor Reports.
Nevada’s Most In-Demand Jobs
During Covid-19, the state of Nevada created a “Workforce Blueprint.” This would be a resource for civilians to see the most hottest and needed jobs in Southern Nevada.
According to the report, “One of the more crucial impacts has been the destabilization of the region’s leisure and hospitality sector that, while positively recovering from the height of the pandemic, is expected to see sustained and possibly permanent job losses in the tens of thousands.”
Due to this, the state — along with other agencies — decided to get together and analyze date. This data would help uncover the most in-demand jobs that skilled and technical workers are needed in. Scroll down below to see the top five.
Click here for the entire list and data.
