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