Carson City employment stats for 2014 show average of 200 jobs added
Submitted by Jeff Munson on Tue, 03/03/2015 - 8:07am
Annual adjustments to Nevada’s labor market data show that job growth was slightly stronger than initially estimated. Carson City’s benchmark shows the area’s economy gained more jobs than initially estimated in 2014, according to figures released Tuesday by the Nevada Department of Employment, Training and Rehabilitation.
Carson City employment rose by an annual average of 200 jobs over-the-year, an increase of 0.9 percent from average 2013 levels. Reno-Sparks’ benchmark resulted in an increase of 6,300 jobs over the year, an increase of 3.2 percent. This is 500 jobs fewer than originally estimated.
Statewide, job estimates increased by 600 from preliminary readings. As a result, 2013-2014 total non-farm job growth came in at 41,000. At the same time, revised estimates show an unemployment rate of 7.8 percent, up from a preliminary estimate of 7.7 percent. Still, this represents a decline of 1.8 percent from 2013’s 9.5 percent reading, said Bill Anderson, chief economist for the Nevada Department of Employment, Training and Rehabilitation.
Nevada’s non-farm employment and labor force numbers are estimated each month using a combination of historical data and current employment statistics. These estimates are revised at the beginning of each calendar year, or “benchmarked”, using more complete information, Anderson said.
Once a year, the Bureau of Labor Statistics adjusts the non-farm employment estimates using data from mandatory unemployment insurance reports submitted each quarter by nearly all employers.
“Looking at recent trends since 2010, Nevada has added 99,000 private-sector jobs, exceeding job growth expectations,” Anderson said. “With a gain of 33,500 jobs, the Las Vegas-Paradise MSA benchmark revealed the area’s economy gained more employment in 2014 than was initially estimated. This is a 3.9 percent increase year over year.”'
Nevada’s Current Employment Statistics and Local Area Unemployment Statistics programs undergo a revision process annually called “benchmarking.” This process involves updating estimates and projections by incorporating more complete data that has become available since the time of the initial estimates.
The benchmarking processes resulted in Nevada’s 2014 annual average unemployment rate estimate increasing from 7.7 percent up to 7.8 percent. Similarly, CES benchmark revisions show that Nevada gained 41,000 jobs over the year (up from the previous estimate of 39,100).
