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Nevada job growth nearly flat in 2025; construction and retail show longer-term weakness, DETR economist says
Summary
DETR chief economist David Schmidt told the Economic Forum that Nevada's September employment data were essentially flat (about +5,000 jobs), unemployment held near 5.3% and hourly wages rose roughly 5–6% year-over-year; construction and parts of retail and wholesale have shown multi-year slowdown while health care remains a leading growth sector.
David Schmidt, chief economist for Nevada's Department of Employment, Training and Rehabilitation, told the Economic Forum on Dec. 5 that Nevada's jobs picture has been steady rather than growing strongly: the available data for September showed roughly +5,000 jobs for the month and annual growth of about 0.1%. "Our unemployment rate is steady, at 5.3%," Schmidt said, and labor-force participation has also remained near recent levels (about 62.7%).
Schmidt noted that federal data publication was delayed earlier in the fall due to the recent federal shutdown, and the September release…
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