Nevada Q4, 2019 Employment Statistics- 85,170 employers, up 3.0% from 82,701
- 1,431,566 employees, up 2.4% from 1,397,329
- $1,030 average weekly wage, up 2.4% from $1,006
- The average weekly wage is 13.1% 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 2,469, which is an increase of 3.0%. The number of employees in Nevada increased by 34,238, an increase of 2.4%. During this same period, the average weekly wage increased by $24, an increase of 2.4%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 2,394 or 2.9%. Growth in private businesses in Nevada grew faster than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 29,734 or 2.4%. The growth in employees of private businesses in Nevada was faster than the national average of 1.2%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $22 or 2.2%. 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 14.4% of the businesses in the state. The number of businesses in this sector increased by 2.8%. Retail trade (9.9%), which decreased by 0.4% and Healthcare (9.3%), which increased by 0.3%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 91 | 5.7% |
| Arts and entertainment | 62 | 3.3% |
| Professional services | 339 | 2.8% |
| Real estate and rental | 132 | 2.8% |
| Transport and warehousing | 57 | 2.6% |
| Finance and insurance | 66 | 1.4% |
| Accommodation and food services | 29 | 0.4% |
| Healthcare | 20 | 0.3% |
| Construction | -15 | -0.3% |
| Wholesale trade | -18 | -0.3% |
| Retail trade | -38 | -0.4% |
| Manufacturing | -12 | -0.6% |
| Company management | -12 | -0.6% |
| Other services | -38 | -0.7% |
| Waste services | -86 | -1.3% |
| Utilities | -2 | -1.6% |
| Agriculture and forestry | -18 | -4.5% |
| Educational services | -59 | -5.1% |
| Mining and oil extraction | -17 | -6.9% |
Employees by Sector
The sector with the greatest number of employees in the state is Accommodation and food services with 22.2% of the employees in the state, had a decrease in employees of -0.1% in the last year. Retail trade (10.6%), decreased by 0.4% and Healthcare (9.3%), increased by 3.4%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Transport and warehousing | 7,912 | 11.7% |
| Construction | 6,035 | 6.5% |
| Finance and insurance | 1,782 | 4.9% |
| Arts and entertainment | 1,486 | 4.5% |
| Healthcare | 4,372 | 3.4% |
| Information | 451 | 2.9% |
| Waste services | 3,012 | 2.8% |
| Professional services | 1,516 | 2.5% |
| Real estate and rental | 557 | 2.0% |
| Other services | 537 | 1.5% |
| Company management | 367 | 1.4% |
| Wholesale trade | 502 | 1.3% |
| Manufacturing | 738 | 1.3% |
| Mining and oil extraction | 18 | 0.1% |
| Accommodation and food services | -433 | -0.1% |
| Retail trade | -640 | -0.4% |
| Utilities | -53 | -1.3% |
| Agriculture and forestry | -81 | -1.6% |
| Educational services | -1,115 | -7.9% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Utilities paying $2,444per week compared with the state average of $1,010. Weekly wages in this sector rose by $34 or 1.4%. Company management ($2,348), declined by $675 or 22.3% and Mining and oil extraction ($2,053) increased by $234 or 12.9% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Mining and oil extraction | $234 | 12.9% |
| Finance and insurance | $118 | 7.6% |
| Construction | $76 | 6.0% |
| Agriculture and forestry | $45 | 5.6% |
| Professional services | $87 | 5.4% |
| Waste services | $30 | 4.5% |
| Real estate and rental | $42 | 4.0% |
| Retail trade | $23 | 3.7% |
| Other services | $23 | 3.1% |
| Wholesale trade | $47 | 3.1% |
| Transport and warehousing | $18 | 1.9% |
| Arts and entertainment | $14 | 1.7% |
| Healthcare | $17 | 1.5% |
| Utilities | $34 | 1.4% |
| Information | $18 | 1.3% |
| Accommodation and food services | $8 | 1.2% |
| Manufacturing | $-2 | -0.2% |
| Educational services | $-5 | -0.6% |
| Company management | $-675 | -22.3% |
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 6.4% of the businesses in the state (with 5,447 employing 118,619 workers). The Restaurants and other eating places industry had 42 more businesses, an increase of 0.8% in the last year. Computer systems design and related services (3.1% of businesses) added 103 businesses, an increase of 4.1% and Offices of physicians (2.9% of businesses) had 17 fewer businesses, a decline of 0.7% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Starch and vegetable oil manufacturing | 2 | 100.0% |
| Fish and seafood markets | 2 | 100.0% |
| Ice cream and frozen dessert manufacturing | 2 | 66.7% |
| Footwear merchant wholesalers | 6 | 66.7% |
| Reinsurance carriers | 2 | 50.0% |
| All other wood product manufacturing | 5 | 45.5% |
| Other transportation equipment manufacturing | 3 | 42.9% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Management consulting services | 138 | 7.0% |
| Computer systems design and related services | 103 | 4.1% |
| Offices of real estate agents and brokers | 75 | 4.6% |
| Accounting and bookkeeping services | 61 | 3.9% |
| Software publishers | 59 | 18.0% |
| Restaurants and other eating places | 42 | 0.8% |
| Office administrative services | 36 | 16.4% |
Employees by Industry
Computer systems design and related services (3.1% of employees) added 103 employees, an increase of 4.1% and Offices of physicians (2.9% ofemployees) had 17 fewer employees, a decline of 0.7% 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 | 44 | 463.0% |
| Audio and video equipment manufacturing | 53 | 112.7% |
| Reinsurance carriers | 5 | 101.1% |
| Educational support services | 679 | 86.4% |
| Political organizations | -169 | 84.7% |
| Other transportation equipment manufacturing | 71 | 82.7% |
| Distilleries | 38 | 75.4% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| General warehousing and storage | 7,015 | 31.9% |
| Restaurants and other eating places | 3,231 | 2.8% |
| Security and armored car services | 1,041 | 8.8% |
| Plumbing and hvac contractors | 1,007 | 8.5% |
| Electrical and wiring contractors | 963 | 9.0% |
| Offices of physicians | 948 | 4.5% |
| General medical and surgical hospitals | 929 | 3.3% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Music publishers, paying $8,372 compared with the state average of $1,010. Employees in the Music publishers industry were paid $0 more per week, an increase of 0.0% in the last year. Industrial design services ($5,420) and Investment banking and securities dealing ($5,192) round out the top 3 industries. Employees in the Industrial design services ($5,420 per week) were paid $785 more per week, an increase of 16.9% and Investment banking and securities dealing ($5,192 per week) were paid $1,764 more per week, an increase of 51.5% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Media buying agencies | $2,361 | 123.0% |
| Theater companies and dinner theaters | $964 | 86.8% |
| Investment banking and securities dealing | $1,764 | 51.5% |
| Scenic and sightseeing transportation water | $305 | 46.7% |
| Other support activities for road transport. | $255 | 41.7% |
| Political organizations | $302 | 39.9% |
| Financial transaction processing and clearing | $561 | 35.4% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Media buying agencies | $2,361 | 123.0% |
| Investment banking and securities dealing | $1,764 | 51.5% |
| Theater companies and dinner theaters | $964 | 86.8% |
| Industrial design services | $785 | 16.9% |
| Mortgage and nonmortgage loan brokers | $585 | 28.4% |
| Financial transaction processing and clearing | $561 | 35.4% |
| Wholesale trade agents and brokers | $544 | 29.5% |
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 91.2%. (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 | 5,447 | 0.8% |
| Computer systems design and related services | 2,642 | 4.1% |
| Offices of physicians | 2,468 | -0.7% |
| Management consulting services | 2,118 | 7.0% |
| Management of companies and enterprises | 1,924 | -0.6% |
| Offices of lawyers | 1,731 | 1.0% |
| Offices of real estate agents and brokers | 1,693 | 4.6% |
| Accounting and bookkeeping services | 1,634 | 3.9% |
| Insurance agencies and brokerages | 1,310 | -0.1% |
| Offices of dentists | 1,237 | 2.4% |
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 | 167,835 | -2.6% |
| Restaurants and other eating places | 118,619 | 2.8% |
| General medical and surgical hospitals | 29,490 | 3.3% |
| General warehousing and storage | 28,975 | 31.9% |
| Management of companies and enterprises | 27,703 | 1.4% |
| Temporary help services | 24,915 | 1.2% |
| Offices of physicians | 22,089 | 4.5% |
| Supermarkets and other grocery stores | 20,820 | 0.3% |
| Telephone call centers | 17,938 | 3.7% |
| General merchandise stores including warehouse clubs and supercenters | 17,570 | 2.5% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Music publishers | $8,372 | 0.0% |
| Industrial design services | $5,420 | 16.9% |
| Investment banking and securities dealing | $5,192 | 51.5% |
| Media buying agencies | $4,280 | 123.0% |
| Reinsurance carriers | $4,274 | -29.5% |
| Securities brokerage | $4,053 | 3.1% |
| Fishing | $3,873 | -1.2% |
| Spectator sports | $3,656 | -8.4% |
| Miscellaneous intermediation | $3,619 | 0.0% |
| Dance companies | $3,575 | -55.0% |
Data Sources
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