Nevada Q1, 2019 Employment Statistics- 83,243 employers, up 4.9% from 79,382
- 1,384,999 employees, up 3.2% from 1,341,716
- $992 average weekly wage, up 1.5% from $977
- The average weekly wage is 16.2% below the national average
- The cost of living is 8.3% above the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 3,861, which is an increase of 4.9%. The number of employees in Nevada increased by 43,283, an increase of 3.2%. During this same period, the average weekly wage increased by $15, an increase of 1.5%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 3,809 or 4.9%. Growth in private businesses in Nevada grew faster than the national average of 3.0%. The number of employees in these businesses increased since last years' Q1, increasing by 41,087 or 3.5%. The growth in employees of private businesses in Nevada was faster than the national average of 1.7%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $12 or 1.2%. Growth in average weekly wage of employees of private businesses in Nevada grew slower than the national average of 3.0%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Professional services with 14.3% of the businesses in the state. The number of businesses in this sector increased by 6.0%. Retail trade (10.2%), which increased by 0.0% and Healthcare (9.5%), which increased by 3.1%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 165 | 11.1% |
| Arts and entertainment | 170 | 9.6% |
| Professional services | 673 | 6.0% |
| Wholesale trade | 274 | 5.6% |
| Real estate and rental | 238 | 5.3% |
| Transport and warehousing | 108 | 5.1% |
| Waste services | 311 | 5.0% |
| Utilities | 6 | 4.9% |
| Other services | 242 | 4.9% |
| Accommodation and food services | 261 | 4.0% |
| Educational services | 37 | 3.4% |
| Finance and insurance | 143 | 3.2% |
| Healthcare | 236 | 3.1% |
| Manufacturing | 51 | 2.5% |
| Construction | 141 | 2.4% |
| Agriculture and forestry | 5 | 1.3% |
| Mining and oil extraction | 2 | 0.8% |
| Retail trade | -4 | 0.0% |
| Company management | -39 | -2.0% |
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 1.2% in the last year. Retail trade (10.6%), increased by 1.3% and Healthcare (9.3%), increased by 4.7%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Agriculture and forestry | 811 | 19.5% |
| Manufacturing | 7,436 | 14.4% |
| Construction | 7,422 | 8.8% |
| Wholesale trade | 1,912 | 5.3% |
| Healthcare | 5,782 | 4.7% |
| Professional services | 2,612 | 4.5% |
| Arts and entertainment | 1,256 | 4.0% |
| Transport and warehousing | 2,138 | 3.3% |
| Company management | 799 | 3.0% |
| Mining and oil extraction | 374 | 2.6% |
| Waste services | 2,237 | 2.2% |
| Utilities | 75 | 1.9% |
| Other services | 581 | 1.7% |
| Real estate and rental | 402 | 1.5% |
| Information | 214 | 1.4% |
| Finance and insurance | 512 | 1.4% |
| Retail trade | 1,934 | 1.3% |
| Accommodation and food services | 3,898 | 1.2% |
| Educational services | -475 | -3.6% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management paying $3,006per week compared with the state average of $972. Weekly wages in this sector declined by $304 or 9.2%. Utilities ($2,166), rose by $14 or 0.7% and Mining and oil extraction ($2,102) declined by $26 or 1.2% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Agriculture and forestry | $59 | 8.3% |
| Transport and warehousing | $51 | 5.5% |
| Arts and entertainment | $35 | 5.3% |
| Finance and insurance | $74 | 4.5% |
| Waste services | $27 | 4.1% |
| Construction | $45 | 4.0% |
| Information | $41 | 2.9% |
| Real estate and rental | $26 | 2.7% |
| Retail trade | $14 | 2.3% |
| Manufacturing | $19 | 1.7% |
| Accommodation and food services | $5 | 0.8% |
| Professional services | $12 | 0.8% |
| Utilities | $14 | 0.7% |
| Healthcare | $7 | 0.7% |
| Other services | $4 | 0.6% |
| Mining and oil extraction | $-26 | -1.2% |
| Educational services | $-26 | -3.1% |
| Wholesale trade | $-120 | -7.2% |
| Company management | $-304 | -9.2% |
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 5,435 employing 115,832 workers). The Restaurants and other eating places industry had 238 more businesses, an increase of 4.6% in the last year. Computer systems design and related services (3.0% of businesses) added 140 businesses, an increase of 5.9% and Offices of physicians (3.0% of businesses) added 90 businesses, an increase of 3.8% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Footwear merchant wholesalers | 4 | 66.7% |
| Audio and video equipment manufacturing | 3 | 60.0% |
| Fish and seafood markets | 1 | 50.0% |
| Computer and software merchant wholesalers | 39 | 42.9% |
| Commodity contracts dealing | 2 | 40.0% |
| Office supplies merchant wholesalers | 9 | 39.1% |
| Fishing | 3 | 37.5% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Management consulting services | 245 | 13.8% |
| Restaurants and other eating places | 238 | 4.6% |
| Offices of real estate agents and brokers | 167 | 11.4% |
| Computer systems design and related services | 140 | 5.9% |
| Offices of physicians | 90 | 3.8% |
| Accounting and bookkeeping services | 79 | 5.2% |
| Temporary help services | 69 | 9.2% |
Employees by Industry
Computer systems design and related services (3.0% of employees) added 140 employees, an increase of 5.9% and Offices of physicians (3.0% ofemployees) added 90 employees, an increase of 3.8% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Industrial building construction | 400 | 192.4% |
| Educational support services | 998 | 182.5% |
| Distilleries | 40 | 181.4% |
| Motor vehicle power train components mfg. | 19 | 129.8% |
| Audio and video equipment manufacturing | 46 | 113.4% |
| Steel and precast concrete contractors | 933 | 97.7% |
| Ophthalmic goods merchant wholesalers | 25 | 91.6% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 3,268 | 2.9% |
| General warehousing and storage | 1,919 | 9.6% |
| Telephone call centers | 1,774 | 12.1% |
| Plumbing and hvac contractors | 1,182 | 10.9% |
| Commercial building construction | 1,073 | 15.2% |
| General medical and surgical hospitals | 1,062 | 3.8% |
| Educational support services | 998 | 182.5% |
Average Weekly Wage by Industry
Computer systems design and related services ($3) and Offices of physicians ($3) round out the top 3 industries. Employees in the Computer systems design and related services ($3 per week) were paid $140 more per week, an increase of 5.9% and Offices of physicians ($3 per week) were paid $90 more per week, an increase of 3.8% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Dance companies | $930 | 78.3% |
| Financial transaction processing and clearing | $1,559 | 76.9% |
| Social science and humanities research | $557 | 51.1% |
| Photographic equip. merchant wholesalers | $584 | 46.6% |
| Industrial design services | $589 | 42.5% |
| Agents and managers for public figures | $601 | 39.0% |
| Amusement arcades | $124 | 35.1% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Financial transaction processing and clearing | $1,559 | 76.9% |
| Lessors of nonfinancial intangible assets | $966 | 34.4% |
| Dance companies | $930 | 78.3% |
| Agents and managers for public figures | $601 | 39.0% |
| Industrial design services | $589 | 42.5% |
| Photographic equip. merchant wholesalers | $584 | 46.6% |
| Social science and humanities research | $557 | 51.1% |
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 92.9%. (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%.
Data Sources
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