Nevada Q2, 2019 Employment Statistics- 83,689 employers, up 4.0% from 80,452
- 1,405,285 employees, up 2.9% from 1,366,317
- $961 average weekly wage, up 3.2% from $931
- The average weekly wage is 12.2% below the national average
- The cost of living is 8.5% above the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 3,237, which is an increase of 4.0%. The number of employees in Nevada increased by 38,968, an increase of 2.9%. During this same period, the average weekly wage increased by $30, an increase of 3.2%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 3,180 or 4.0%. Growth in private businesses in Nevada grew faster than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 34,865 or 2.9%. The growth in employees of private businesses in Nevada was faster than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $32 or 3.5%. Growth in average weekly wage of employees of private businesses in Nevada grew slower than the national average of 3.8%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Professional services with 14.7% of the businesses in the state. The number of businesses in this sector increased by 6.0%. Retail trade (10.1%), which increased by 0.5% and Healthcare (9.4%), which increased by 0.9%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 195 | 12.9% |
| Real estate and rental | 316 | 7.0% |
| Professional services | 697 | 6.0% |
| Arts and entertainment | 99 | 5.4% |
| Utilities | 6 | 4.8% |
| Other services | 238 | 4.7% |
| Wholesale trade | 196 | 3.9% |
| Finance and insurance | 173 | 3.8% |
| Transport and warehousing | 77 | 3.5% |
| Accommodation and food services | 125 | 1.9% |
| Construction | 77 | 1.3% |
| Manufacturing | 24 | 1.2% |
| Healthcare | 71 | 0.9% |
| Waste services | 56 | 0.9% |
| Retail trade | 40 | 0.5% |
| Agriculture and forestry | -1 | -0.3% |
| Mining and oil extraction | -1 | -0.4% |
| Company management | -53 | -2.7% |
| Educational services | -35 | -3.1% |
Employees by Sector
The sector with the greatest number of employees in the state is Accommodation and food services with 23.0% of the employees in the state, had an increase in employees of 0.7% in the last year. Retail trade (10.4%), increased by 0.7% and Healthcare (9.3%), increased by 4.0%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Agriculture and forestry | 476 | 10.2% |
| Manufacturing | 4,745 | 8.8% |
| Construction | 6,640 | 7.5% |
| Transport and warehousing | 3,493 | 5.4% |
| Wholesale trade | 1,583 | 4.3% |
| Healthcare | 5,035 | 4.0% |
| Arts and entertainment | 1,195 | 3.6% |
| Professional services | 2,083 | 3.5% |
| Waste services | 2,975 | 2.9% |
| Company management | 711 | 2.7% |
| Finance and insurance | 882 | 2.5% |
| Real estate and rental | 495 | 1.8% |
| Mining and oil extraction | 201 | 1.4% |
| Other services | 308 | 0.9% |
| Utilities | 34 | 0.8% |
| Accommodation and food services | 2,430 | 0.7% |
| Retail trade | 1,024 | 0.7% |
| Information | -261 | -1.5% |
| Educational services | -688 | -5.2% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management paying $2,259per week compared with the state average of $940. Weekly wages in this sector rose by $120 or 5.6%. Utilities ($2,193), rose by $85 or 4.0% and Mining and oil extraction ($1,875) increased by $68 or 3.8% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Agriculture and forestry | $67 | 9.3% |
| Information | $91 | 7.3% |
| Company management | $120 | 5.6% |
| Construction | $59 | 5.1% |
| Waste services | $29 | 4.4% |
| Professional services | $58 | 4.2% |
| Retail trade | $25 | 4.1% |
| Utilities | $85 | 4.0% |
| Finance and insurance | $54 | 3.8% |
| Mining and oil extraction | $68 | 3.8% |
| Real estate and rental | $34 | 3.6% |
| Other services | $21 | 3.0% |
| Accommodation and food services | $16 | 2.5% |
| Transport and warehousing | $18 | 1.9% |
| Manufacturing | $17 | 1.6% |
| Arts and entertainment | $10 | 1.6% |
| Healthcare | $3 | 0.3% |
| Wholesale trade | $0 | 0.0% |
| Educational services | $-30 | -3.5% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In Nevada. the industry with the most businesses is Restaurants and other eating places with 6.5% of the businesses in the state (with 5,398 employing 118,365 workers). The Restaurants and other eating places industry had 130 more businesses, an increase of 2.5% in the last year. Computer systems design and related services (3.1% of businesses) added 158 businesses, an increase of 6.4% and Offices of physicians (2.9% of businesses) added 27 businesses, an increase of 1.1% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Trusts estates and agency accounts | 23 | 255.6% |
| Footwear merchant wholesalers | 7 | 116.7% |
| Fish and seafood markets | 2 | 100.0% |
| Audio and video equipment manufacturing | 3 | 60.0% |
| Other transportation equipment manufacturing | 3 | 50.0% |
| Doll toy and game manufacturing | 2 | 50.0% |
| Transport. goods merchant wholesalers | 9 | 47.4% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Management consulting services | 249 | 13.2% |
| Offices of real estate agents and brokers | 195 | 13.0% |
| Computer systems design and related services | 158 | 6.4% |
| Restaurants and other eating places | 130 | 2.5% |
| Accounting and bookkeeping services | 97 | 6.4% |
| Software publishers | 86 | 29.3% |
| Hair nail and skin care services | 74 | 12.4% |
Employees by Industry
Computer systems design and related services (3.1% of employees) added 158 employees, an increase of 6.4% and Offices of physicians (2.9% ofemployees) added 27 employees, an increase of 1.1% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Motor vehicle steering and suspension parts | 35 | 347.0% |
| Industrial building construction | 422 | 149.9% |
| Distilleries | 45 | 139.7% |
| Audio and video equipment manufacturing | 55 | 130.7% |
| Educational support services | 782 | 117.9% |
| Ophthalmic goods merchant wholesalers | 32 | 113.2% |
| Steel and precast concrete contractors | 1,022 | 98.4% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 3,672 | 3.2% |
| General warehousing and storage | 3,404 | 17.0% |
| Telephone call centers | 1,660 | 11.4% |
| Commercial building construction | 1,034 | 13.7% |
| Steel and precast concrete contractors | 1,022 | 98.4% |
| General medical and surgical hospitals | 1,006 | 3.6% |
| Offices of physicians | 905 | 4.4% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Trusts estates and agency accounts, paying $13,013 compared with the state average of $940. Employees in the Trusts estates and agency accounts industry were paid $11,524 more per week, an increase of 773.9% in the last year. Securities brokerage ($3,471) and Investment banking and securities dealing ($3,385) round out the top 3 industries. Employees in the Securities brokerage ($3,471 per week) were paid $127 less per week, a decline of 3.5% and Investment banking and securities dealing ($3,385 per week) were paid $32 less per week, a decline of 0.9% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Trusts estates and agency accounts | $11,524 | 773.9% |
| Political organizations | $467 | 76.9% |
| Industrial design services | $843 | 57.4% |
| Asphalt paving and roofing materials mfg. | $591 | 46.8% |
| Motion picture and video production | $260 | 45.0% |
| Steel and precast concrete contractors | $516 | 41.1% |
| Poultry product merchant wholesalers | $258 | 34.6% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Trusts estates and agency accounts | $11,524 | 773.9% |
| Industrial design services | $843 | 57.4% |
| Asphalt paving and roofing materials mfg. | $591 | 46.8% |
| Steel and precast concrete contractors | $516 | 41.1% |
| Political organizations | $467 | 76.9% |
| Software publishers | $326 | 13.9% |
| Business to business electronic markets | $278 | 19.8% |
Company Size
Nevada Businesses by Size
The solopreneur company, has the most businesses in Nevada by far. 57.7% of all businesses in the state have fewer than 5 employees. The 77,932 small businesses in the state represent 95.2% of all private businesses. The national average is 92.4%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) Nevada added 3,809 businesses in the last year, an increase of 4.9% as compared to the national average of 3.0%.Small businesses are defined as companies with fewer than 50 employees. These small businesses added 3,652 businesses in the last year, which is an increase of 4.9% as compared to the national average of 3.1%.
Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 154 businesses in the last year, which is an increase of 4.3% as compared to the national average of 1.3%.
Large businesses are defined as companies with more than 500 employees. These large businesses added 3 businesses in the last year, which is an increase of 1.4% as compared to the national average of 2.1%.
Nevada Employees by Business Size
Nevada added 123,261 employees in the last year, an increase of 11.2% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 43,440 businesses in the last year, which is an increase of 125.9% as compared to the national average of 4.2%.Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 44,460 employees in the last year, which is an increase of 11.5% as compared to the national average of 4.7%.
Large businesses are defined as companies with more than 500 employees. Large businesses added 35,361 employees in the last year, which is an increase of 13.7% as compared to the national average of 9.2%.
Nevada Avg Weekly Wages by Business Size
The smallest companies in Nevada (those with fewer than 5 employees) pay workers 21.4% more than the national average ($1,279 per week as compared to the national average of $1,005 per week). The largest companies in Nevada (those with more than 1,000 employees) pay 79.0% workers below the national average ($1,069 per week as compared to the national average of $1,913 per week).Average weekly wages in small businesses added $53 per week in the last year, which is an increase of 1.4% as compared to the national average of 3.1%. Employees of mid-sized businesses added $32 in wages per week in the last year, which is an increase of 1.1% as compared to the national average of 1.3%.
Employees of large businesses added $21 of weekly wages in the last year, which is an increase of 1.0% as compared to the national average of 2.1%.
Top Industries for Business and Employment
The table below illustrates the largest industries in the state, by number of businesses:Table: Top 10 Industries by # of Businesses
| Industry | # Businesses | % Change |
|---|---|---|
| Restaurants and other eating places | 5,398 | 2.5% |
| Computer systems design and related services | 2,631 | 6.4% |
| Offices of physicians | 2,450 | 1.1% |
| Management consulting services | 2,130 | 13.2% |
| Management of companies and enterprises | 1,906 | -2.7% |
| Offices of lawyers | 1,720 | 2.1% |
| Offices of real estate agents and brokers | 1,690 | 13.0% |
| Accounting and bookkeeping services | 1,624 | 6.4% |
| Insurance agencies and brokerages | 1,327 | 4.2% |
| Offices of dentists | 1,225 | 4.0% |
The table below illustrates the largest industries in the state, by number of employees:
Table: Top 10 Industries by # of Employees
| Industry | # Employees | % Change |
|---|---|---|
| Casino hotels | 172,482 | -1.1% |
| Restaurants and other eating places | 118,365 | 3.2% |
| General medical and surgical hospitals | 28,975 | 3.6% |
| Management of companies and enterprises | 27,267 | 2.7% |
| General warehousing and storage | 23,401 | 17.0% |
| Temporary help services | 21,681 | -2.9% |
| Offices of physicians | 21,517 | 4.4% |
| Supermarkets and other grocery stores | 20,864 | 3.2% |
| Hotels and motels except casino hotels | 17,203 | 3.7% |
| General merchandise stores including warehouse clubs and supercenters | 16,474 | -0.2% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Trusts estates and agency accounts | $13,013 | 773.9% |
| Securities brokerage | $3,471 | -3.5% |
| Investment banking and securities dealing | $3,385 | -0.9% |
| Fishing | $2,957 | 7.1% |
| Credit bureaus | $2,827 | 9.8% |
| Book publishers | $2,746 | 7.4% |
| Software publishers | $2,673 | 13.9% |
| Computer and software merchant wholesalers | $2,612 | 3.5% |
| Electric power generation | $2,583 | 10.1% |
| Directory and mailing list publishers | $2,558 | 0.0% |
Data Sources
About the Writer
