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
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.