LV metro area job growth is nation’s 2nd highest; wage growth isn’t

change is hard
CC pixnio.com
change is hard
CC pixnio.com

From July 2017 to July 2018, employment in the Las Vegas metro area grew 3.9 percent, according to the Bureau of Labor Statistics. Employment grew faster in only one U.S. metro area, Orlando, at 4.3 percent. Raleigh, North Carolina’s 3.9 percent employment growth tied that of Las Vegas.

Employment growth notwithstanding, average earnings aren’t keeping up with inflation. July-to-July average weekly earnings, in the Las Vegas area rose 2.6 percent, while the national consumer price index rose 2.9 percent over the same period; in western states, the CPI rose 3.6 percent.

Nationally, real earnings — seasonally adjusted and counting inflation — fell 0.4 percent from July to July.

Hugh Jackson
Editor | Hugh Jackson was editor of the Las Vegas Business Press, senior editor at the Las Vegas CityLife weekly newspaper, daily political commentator on the Las Vegas NBC affiliate, and author of the Las Vegas Gleaner political blog. Prior to moving to Las Vegas, he was a reporter and editor at the Casper (Wyoming) Star-Tribune.

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