By Steve Wolford | 3News Las Vegas
With an estimated $23 billion worth of construction jobs underway in the valley right now, including the Raiders Stadium, Convention Center expansion, and Resorts World, Southern Nevada’s construction industry is helping to drive Nevada’s employment numbers to the top spot in the U.S. for the 12th consecutive month.
According to the Nevada Department of Training and Rehabilitation, the state’s jobless rate stood at 4.1% in September, with fewer than 1% considered ‘long-term’ unemployed.
On the growth side, DETR reports a 21% increase in job ads and a 3.2% rise in employment.
The construction sector is so strong, there is a shortage of skilled workers, but economist John Restrepo says there are still signs in Southern Nevada that the job market is tapping the brakes.
