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NEVADA’S ECONOMIC GROWTH OVER THE
PAST 7 YEARS
+279,869
Nevada Population
3.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
Mill
ion
s
Population
2.0%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
'01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
Annual Growth
4
Source: U.S. Census Bureau
Population Growth2016-2017
5
#4
Source: U.S. Census Bureau
#1
#2#3
#5
Top States for Growth
Idaho 2.2%
NEVADA 2.0%
Utah 1.9%
Washington 1.7%
Florida 1.6%
More People are Staying in Nevada
689,728
777,124
640,000
660,000
680,000
700,000
720,000
740,000
760,000
780,000
800,000
2011 2016
Residents Born in Nevada
6
Source: U.S. Census Bureau (Latest Available Data)
+12.7% 26.4% Nevada Residents
Were Born in Nevada
73.5%
Clark County Population
2.2
0.0
0.5
1.0
1.5
2.0
2.5
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
Mill
ion
s
Population
2.2%
0%
1%
1%
2%
2%
3%
3%
4%
4%
5%
5%
'01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17
Annual Growth
8
Source: U.S. Census Bureau
Population GrowthTop 35 MSAs with 1 Million+ Residents
2.2%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
9
US Average: 0.8%
Source: U.S. Census Bureau (2016-2017)
+3,073
Nevada Employment
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18
Mill
ion
s
11
Source: Bureau of Labor Statistics
Currently at Peak:
+1.38 Million
Nevada Employment GrowthYear-Over-Year
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18
12
Source: Bureau of Labor Statistics
89 Months of Consecutive Growth
Nevada Employment GrowthPre-Recession Peak (May 2007) to Present
-49,800
-1,400
1,000
2,400
2,700
6,700
9,000
14,100
21,300
24,900
45,700
Construction
Information
Financial Activities
Other Services
Mining and Logging
Professional and Business Services
Government
Manufacturing
Leisure and Hospitality
Trade, Transportation and Utilities
Education and Health Services
13
Net Job Gain:
+76,600 Jobs (+5.9%)
Source: Bureau of Labor Statistics
Nevada Employment GrowthMay 2017 to May 2018
6,800
6,700
6,600
5,400
3,800
3,500
2,100
1,700
1,200
400
-600
Manufacturing
Trade, Transportation, and Utilities
Government
Education and Health Services
Professional and Business Services
Construction
Other Services
Leisure and Hospitality Services
Financial Activities
Mining and Logging
Information
14
Source: Bureau of Labor Statistics
Net Job Gain:
+37,600 Jobs (+2.8%)
Unemployment Rate
4.2%
3.6%
0%
2%
4%
6%
8%
10%
12%
14%
16%
'07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18
Nevada United States
15
Source: Bureau of Labor Statistics
Nevada Hachman Diversity Index
50
55
60
65
70
75
80
85
Mo
re D
ive
rsit
y
Source: Applied Analysis
WHAT IF WE REACHED OUR JOB-CREATING
POTENTIAL?
+8,000 +11,000
Professional & Business Services Information
+64,000 +80,000
Manufacturing Education & Health Services
+162,000
NEVADA’S FUTURE WORKFORCE
If Nevada was to retain all
workers currently in the labor
force, then over the next
12 years…
286,000
If Nevada was to retain all
students currently enrolled
Nevada’s education system,
then over the next 12 years…
512,400
If Nevada was to retain all
students currently enrolled
Nevada’s universities, then
over the next 12 years…
41,600
554,000
268,300
INITIATIVES TO PREPARE THE
FUTURE WORKFORCE
Nevada Workforce Development Programs
• Workforce Innovations for a New Nevada (WINN Fund)
• STEM Challenge Grants (OSIT)
• New Skills for Youth Grant (LifeWorks)
• Career and College Ready Diploma
• Jobs for America’s Graduates
• Career and Technical Education Expansion
• Dual-enrollment Expansion
• Nevadaworks
• Nevada Workforce Connections
“The Clark County School District is helping Tesla grow its local workforce… The
company plans to hire about 50 high school students annually through its work-
based learning initiative.”
Source: Las Vegas Review Journal, 5/25/2018
Tesla hiring CCSD graduates as it works to
meet hiring goals
Students Completing CTE ProgramsNevada
4,908
6,458
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17
+31.6%
33
Source: Nevada ReportCard
Students Completing CTE ProgramsClark County
2,482
4,997
0
1,000
2,000
3,000
4,000
5,000
6,000
'08 '09 '10 '11 '12 '13 '14 '15 '16 '17
+101.3%
34
Source: Nevada ReportCard
“Talent Hubs works toward raising the nation’s post-secondary education levels to
60 percent by 2025, striving to eliminate disparities in educational outcomes for
Native American, African-American and Latino populations.”
Source: Las Vegas Sun, 6/10/2018
Group selects las Vegas in effort to boost
education beyond high school
UNLV Degrees Granted by CollegeCollege 2010-2011 2016-2017
Liberal Arts 16.0% 15.2%
Urban Affairs 11.8% 14.4%
Business 16.1% 14.3%
Education 14.7% 12.1%
Hotel Administration 13.4% 10.9%
Sciences 4.8% 6.3%
Fine Arts 6.3% 6.2%
Allied Health Sciences 4.1% 6.1%
Engineering 4.8% 5.1%
Nursing 2.4% 3.0%
Law 2.4% 2.6%
Community Health Sciences 1.9% 2.3%
Dental Medicine 1.4% 1.4%
5,520Degrees Granted in 2016-2017
25.9%Share of Masters & Doctorate
Degrees in 2016-2017
UNLV Degrees Granted by CollegeCollege 2010-2011 2016-2017
Liberal Arts 16.0% 15.2%
Urban Affairs 11.8% 14.4%
Business 16.1% 14.3%
Education 14.7% 12.1%
Hotel Administration 13.4% 10.9%
Sciences 4.8% 6.3%
Fine Arts 6.3% 6.2%
Allied Health Sciences 4.1% 6.1%
Engineering 4.8% 5.1%
Nursing 2.4% 3.0%
Law 2.4% 2.6%
Community Health Sciences 1.9% 2.3%
Dental Medicine 1.4% 1.4%
+2.0%Increase in Allied Health Sciences Degrees
+0.7%Increase in Nursing Degrees
UNLV Degrees Granted by CollegeCollege 2010-2011 2016-2017
Liberal Arts 16.0% 15.2%
Urban Affairs 11.8% 14.4%
Business 16.1% 14.3%
Education 14.7% 12.1%
Hotel Administration 13.4% 10.9%
Sciences 4.8% 6.3%
Fine Arts 6.3% 6.2%
Allied Health Sciences 4.1% 6.1%
Engineering 4.8% 5.1%
Nursing 2.4% 3.0%
Law 2.4% 2.6%
Community Health Sciences 1.9% 2.3%
Dental Medicine 1.4% 1.4%
+1.5%Increase in Sciences Degrees
+0.3%Increase in Engineering Degrees
“Truckee Meadows Community College will work with Panasonic, Renown Health and
others to train maintenance mechanics, machine operators, production
operators and certified nursing assistants.”
Source: Las Vegas Review Journal, 2/16/2018
Nevada adds another apprenticeship
program
“TMCC will train student in data analytics to meet strong demand in that field… CSN
will improve the health care workforce pipeline through the development of home
health care, nursing assistant, and health technology programs.”
Nevada GOED board approves 12 companies,
creating 700 jobs and $275 million in capital
investments
Source: Nevada Business, 5/22/2018
“The Nevada Institute for Autonomous Systems and New York-based training and
education provider SkyOp announced a partnership in July for the institute to offer
SkyOp drone training programs in Nevada, Arizona, California, Utah, Washington,
Idaho and Colorado.”
Nevada rolls out pyramid-style drone-
training program
Source: Las Vegas Review Journal, 8/21/2017
WHAT NEEDS TO HAPPEN NEXT
268,300
High school programs to better prepare students for the
workforce or higher education
Furthering STEM knowledge
Career alignment and life skills readiness
Higher education and training programs geared toward
high-demand industries
Increasing internship and apprenticeship opportunities
Provide a basis for life-long learning and career growth