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What are the Fastest Growing Jobs in Nevada?

What are the fastest growing jobs in Nevada? Known as “The Silver State” for the mid-1800’s silver rush, Nevada’s overall economy is the 8th best in the nation according to US News and World Report’s Best States Rankings. Nearly 75% of the state’s residents reside in Clark County. This county contains three of the state’s largest metropolitan areas, including:

Each of these cities carries its own identity, but are situated near each other in the metropolitan area. As a result, they often share borders, industries, employers, and employees. These cities are also considered best places to live in Nevada.

In addition to having a healthy overall economy, Nevada scores favorably in other rankings such as:

The Southwest region as a whole continues to experience high economic growth, including Nevada. The state’s economic outlook remains positive due to several underlying indicators including:

  1. Consumer spending
  2. High rate of taxable sales
  3. Increasing personal income
  4. Population growth
  5. Rising employment

Fastest Growing Jobs in Nevada

Any list of the fastest growing jobs is subject to change, depending on economic factors including availability of qualified employees, consumer spending patterns, and technological changes. However, recent studies show the fastest growth in these Nevada jobs:

Building Industry Jobs

  • Cement Mason

Electrical Jobs

  • Electrical System Assemblers
  • Licensed Electricians

Industrial Jobs

  • Industrial Engineers
  • Inspectors
  • Machinists

Manufacturing Jobs

  • Assemblers
  • Assembly Line Leaders
  • Production Operators

Service Jobs

  • Taxi and Shared Ride Drivers

Highlight on Industries in Las Vegas, Nevada

Las Vegas is the largest city in Nevada, with over 600,000 residents in the city proper. There are nearly 2.3 million residents in the entire Las Vegas metropolitan area. Las Vegas is one of the most famous resort cities in the United States, known for its world-renowned nightlife and entertainment options.

Las Vegas is known as “The Entertainment Capital of the World,” and is home to many large casinos, hotels, resorts, restaurants, and theaters. The city annually hosts many business conventions and is a global leader in the hospitality industry. Las Vegas annually ranks as one of the world’s most visited tourist destinations, with over 40 million visitors spending over $100 billion in the economy.

Major Employers in Las Vegas, Nevada

Within the Las Vegas metropolitan area, the major employers include several globally known names within the hospitality industry, including:

  1. Boyd Gaming
  2. Caesar’s Entertainment
  3. California Hotel and Casino
  4. Clark County School District
  5. Coast Casinos Inc
  6. Déjà vu Worldwide
  7. Diamond Resorts
  8. Dreyer’s
  9. Las Vegas Sands
  10. MGM Grand Las Vegas
  11. The Mirage – MGM Resorts
  12. MGM Resorts International
  13. Perry Johnson & Associates
  14. Scientific Games
  15. Southwest Gas Holdings
  16. The Cosmopolitan of Las Vegas
  17. The Mirage Resort and Casino
  18. The Venetian Las Vegas
  19. Wynn Las Vegas
  20. Wynn Resorts

Largest Industries in Las Vegas, Nevada

The largest industries in Las Vegas include:

  • Education
  • Food Products (Ice Cream)
  • Gaming
  • Healthcare Information Technology
  • Hospitality
  • Utilities

What Should Job Seekers do?

Job seekers should investigate the fastest growing jobs in Nevada for opportunities. A number of resources are available to learn about jobs and careers in Las Vegas. Professional networks such as Linkedin often provide a wealth of information on companies and contacts. Job seekers may want to focus on a specific location such as Henderson or North Las Vegas, and then narrow down their search by industry in Henderson or industry in North Las Vegas to specific job type. Job seekers should utilize professional career services to enhance their job search and achieve success in their career objectives.

Thriving locations such as Las Vegas often have many top tourist destinations. All of these destinations need job seekers to fill local employment opportunities in related and service industries, from Helicopter Pilot for tours over the city, to caring for the marine animals as an Aquarist at the Shark Reef Aquarium.

What Should Employers in Nevada do?

Employers in Nevada should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company that has the knowledge and expertise to help them design a relocation program that promotes global talent acquisition.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for employment opportunities in Nevada, or any other location around the world.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs in Nevada, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

What are the Top 10 US States for Inbound Moves?

Inbound moves from one US state to another often reflect broad social and economic trends. Mark J. Perry recently published an article through the American Enterprise Institute on this topic. A review of the data and specific points helps tell the story behind the numbers. The state of Arizona is ranked as the #1 state for inbound moves.

This ranking is highly touted by the state as proof of its successful approach to balanced economic growth. Arizona Governor Doug Ducey cites the state’s growing economy, daily influx of hundreds of new residents, and a fiscally conservative state budget. Notably, the state’s budget has risen from a $1 billion deficit in 2015 to a $1 billion surplus in 2019, with a record-high balance in the state’s “Rainy Day Fund” of over $1.014 billion.

Top 10 States for Inbound Moves

The top 10 states for inbound moves, in order, are:

  1. Arizona
  2. Idaho
  3. Nevada
  4. Maine
  5. North Carolina
  6. South Carolina
  7. Vermont
  8. Florida
  9. Montana
  10. Texas

The top 10 states for outbound moves—meaning more residents chose to leave these states, in order, are:

  1. New York
  2. Illinois
  3. New Jersey
  4. California
  5. Connecticut
  6. Hawaii
  7. Massachusetts
  8. New Mexico
  9. Alaska
  10. Louisiana

Factors Driving Inbound Moves

Of the states experiencing the highest amount of inbound moves, significant factors drive these moves. These factors include local costs, taxes, economic growth, and employment measures.

Local Costs

Home prices for the top 10 states that experience the highest number of inbound moves are significantly lower than home prices of the top 10 outbound states. For the top 10 inbound group, average home prices are $231,250. This amount is $99,900 lower than the average for the top 10 outbound group of $331,150.

Average electricity costs are also significantly lower in the top 10 states for inbound moves. These states have an average electricity cost of 10.71 cents per kilowatt hour. By comparison, the average cost for electricity of the top 10 outbound states is 15.99 cents per kilowatt hour. This represents a premium of over 49% higher than the costs for the top 10 inbound moves states.

Taxes

The average top state corporate tax rate for the top 10 states for inbound moves is 5%. This compares to the rate of 8% for the top 10 states for outbound moves. Corporate taxes are often cited as significantly hampering business and economic growth. Many companies have made announcements about relocating from one state with comparatively high taxes to another state with comparatively low taxes.

Employment

Growth in jobs and employment is a key indicator of a state’s economic health. The United States Department of Labor’s Bureau of Labor Statistics considers job growth of 100,000 or more to have a very positive and long-lasting impact on economic growth. The Bureau’s Current Labor Statistics Highlights show that nonfarm payroll employment increased by 128,000 in October 2019. The Bureau also revised the August and September figures significantly upward, again reflecting more favorable economic performance and health. For October 2019, the state of Arizona gained 31,600 nonfarm jobs.

What Should Employers do About Inbound Moves?

Employers in the top 10 states for inbound moves should expect a rise in demand for workers as more residents move into their state. Inbound moves generate a significant economic impact on a location. As a result of inbound moves, new businesses and residents require products and services sourced from the local area, such as:

  • New home construction
  • Insurance policies
  • Educational institutions
  • Retail sales
  • Mortgage services
  • Infrastructure
  • Entertainment establishments
  • Cultural institutions

Companies should review their hiring needs, corporate objectives, and relocation programs. Employers may need to consider offering relocation benefits to attract top talent with specific skills and training. They should also look into pre-hire assessment tools to identify the most qualified candidates for their job openings.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to respond to labor and economic market forces such as inbound moves to growing states. Our team can help your company by using industry best practices to design your relocation program.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning more about how to attract employees in the top 10 states growing due to inbound moves, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Buy a Home Domestic Relocation Domestic Relocation Trends Job Market Job Seekers Talent Mobility United States Economy

United States Migration Patterns: Where are People Moving To?

United States Migration Patterns: Where are People Moving To?

A recent study by United Van Lines tracking 2018 United States migration patterns shows which states people are moving to.  According to the study, the top 5 states experiencing the highest rates of inbound migration are:

Top 5 States Growing due to United States Migration Patterns

  1. Vermont
  2. Oregon
  3. Idaho
  4. Nevada
  5. Arizona

To understand these patterns, it is best to look at a number of local as well as national trends and how these trends impact each state.

Vermont

Vermont benefits from United States migration patterns impacting employment and jobs. This state has a relatively small population compared to other states. Therefore, significant growth in employment is due mostly to people moving to the state to take new jobs or as a transferee within their company. Vermont industries experiencing exceptional growth include:

  • Renewable and Clean Energy including the highest number of solar jobs per capita in the nation
  • Tourism and Outdoor Recreation including top destinations for skiing, camping, and hiking
  • Food Processing including craft beer, cheeses, and maple products
  • Financial Services and Insurance including #1 ranking in the world for assets under management in captive insurance

Vermont is also well known for its beauty, with mountains, lakes, and four distinct seasons. The state has many pristine areas, and tourism is a significant industry. As a result, retirement is another factor driving United States migration patterns with Vermont as a choice retirement destination.

Oregon

Oregon benefits from United States migration patterns impacting employment and jobs. The state’s economy is one of the fastest-growing in the nation. This is due in part to significant job growth in the manufacturing sector including:

  • Computer and electronic products
  • Machinery
  • Primary metal

Oregon’s landscape includes mountains, lakes, rivers, forests, and waterfalls. The natural areas encourage an outdoor lifestyle, and several state parks are ideally situated for camping, hiking, biking, and boating.

Idaho

Idaho has seen growth from United States migration patterns relating to retirement. More than half of movers into the state were in the age range between 55 an 74 years old. New residents to Idaho gain access to several lifestyle features they could not have in more populated areas, including:

  • Outstanding National Parks
  • Mild climate with four seasons
  • Neighborhood walkability
  • Low cost of living
  • Educational and cultural centers

Idaho has a relatively low estimated population of 1,790,000 residents. Comparing Idaho to other states, population density is 19.8 people per square mile versus the national average of 434.9 people per square mile. New York by comparison has 419.0 people per square mile. Idaho is known for wide open spaces.

Nevada

Nevada benefits from United States migration patterns impacting employment and jobs. Most migration to the state is for people to take a new job. The state’s growth industries include:

  • Tourism including Gaming
  • Clean Energy Initiatives including Solar, Wind, and Geothermal
  • Mining including Gold, Silver, and Lithium
  • Aerospace and Defense including several Air Force Bases
  • Information Technology powered by a strong Digital Infrastructure

With no income tax, low property taxes, and a warm climate, retirees find Nevada a welcoming place. Around half of movers into the state were in the age range between 55 an 74 years old.

Arizona

Arizona benefits from United States migration patterns relating to retirement. Most of the moves to Arizona were for retirement, followed closely by moves for a new job or as a transferee. There are several reasons people choose Arizona for retirement, including:

  • Generally pleasant climate
  • Exceptional natural attractions such as the Grand Canyon
  • Low cost of living
  • Greater number of retirees for social groups
  • Tax-friendly policies

Arizona is increasingly diversifying its economy, with growth in a number of industries including:

  • Bioscience Research and Development
  • Technology and Innovation
  • Manufacturing including High Tech
  • Aerospace and Defense including top ranking University Programs
  • Business and Financial Services including Data Centers

According to a new economic report by State Policy Reports, Arizona ranks #3 in the nation for economic momentum. The momentum is based on Arizona’s growth in categories such as population, employment, and personal income.

What Do United States Migration Patterns Mean for Employers?

Employers in the states of Vermont, Oregon, Idaho, Nevada, and Arizona benefit from United States migration patterns that draw a variety of new residents. Growing industries with burgeoning job opportunities tend to generate additional jobs. As a result, communities grow in population and related services are needed such as housing, retail, insurance, and child care. Demand for employees may be strong in these states and many other locations, especially during tight labor markets.

What Should Employers do About United States Migration Patterns?

Employers in locations that benefit from United States migration patterns should review their company’s growth plans and requirements for jobs across all levels of skill sets. A company’s growth plans will impact the number and type of jobs required to meet business plans and goals.

Since the nation is experiencing low unemployment, employers should review their talent acquisition and management programs to ensure they remain competitive to attract and retain new hires and transferees. Relocation Management Companies (RMCs) can provide expert assistance to employers to benchmark their relocation policies and add enhancements that attract talent.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients develop relocation programs that attract and retain qualified employees. Our team can help your company determine how to leverage United States migration patterns for talent acquisition and management.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s relocation program needs. Since United States migration patterns may lead to a growing local population and potential future workforce, be sure your company’s relocation program supports talent acquisition. Give our experts a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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