Moving to a new state requires a lot of planning and research to ensure you make the right choice for yourself and your family. If you dread doing research, you’ve come to the right place!
We made it easy for you.
In this post, we’ll give you a breakdown of what you can expect and need to know about the job market in Nevada. So, whether you decide to move to Las Vegas or Reno, you’ll see what Nevada offers if you choose to make a career change or find new job opportunities in this state!
Here’s what you’ll need to know.
Having your sights set on Nevada means you’ll be happy to learn that this booming economy might have the perfect job market and opportunities for you! Take a look at Nevada’s economy, growing industries, in-demand jobs, challenges in the job market, and resources to help you find your next career.
Overview of the Nevada Economy
Nevada has been catching the attention of many people and has become a popular place for new residents to settle down. Many states have been sending people over to Nevada increasing their population to 3 million.
Did you know?
According to IBIS World, Nevada’s population has grown an annualized 1.4% over the past five years, which ranks Nevada at 3rd out of all 50 states in the United States for growth rate.
So where are all these people coming from?
Stacker uses data from the U.S. Census Bureau to track and list states sending the most people to Nevada. According to their compiled list, the top five states that Nevada receives new residents from are California, Arizona, Utah, Florida, and Texas. Other than these five, a total of 30 states contribute to Nevada gaining more people!
Click here to learn more about what states people are leaving for Nevada.
As shown in the report by IBIS World, the state of Nevada employs over 3 million people and has an unemployment rate of 4.8%, with its unemployment rate trending downwards of -0.9%.
Along with their growing economy, knowing some of the key industries in Nevada can help you decide if your current or desired work field is the best fit for this state!
- Tourism and gaming
- Aerospace and defense
- Information technology
- Manufacturing and logistics
- Natural resource technologies
Now that we know what the key industries in Nevada are let's take a deeper dive into seeing what some of the largest industries in Nevada make by revenue.
- Tourism - There is no surprise to see that tourism is the largest growing industry in Nevada, with a revenue of $317.6 billion dollars. The tourism market is expected to grow to $351.3 billion dollars in 2023.
- Casino Hotels - From the large number of hotels located on or near the Las Vegas Strip, the casino hotels come in second with a revenue of $29.9 billion dollars.
- New Car Dealers - The next largest growing industry is the new car dealers, with a revenue of $11.4 billion dollars and expected to grow to $12.43 billion dollars in 2023.
- Hospitals - Healthcare is becoming a large industry in the state of Nevada. Their market size revenue is $10.6 billion dollars and is expected to grow to $14.17 billion dollars in 2023, beating the new car dealer industry.
If any of these industries strike your interest, this is a sign that Nevada is the place for you. To see the remaining list of some of the largest growing industries in Nevada, check out this report from IBIS World.
Now that you know which industries are booming, let’s talk about jobs in Nevada that may be for you! Below, we have listed the top 20 in-demand jobs in Las Vegas, the biggest county in Nevada, and where all the action is.
Here they are!
- Software Developers, Applications
- Software Developers, Systems Software
- Civil Engineers
- Managers, All Other
- Electronics Engineers, Except for Computer
- Environmental Scientists & Specialists
- General & Operations Managers
- Aerospace Engineers
- Information Security Analysts
- Nurse Practitioners
- Computer Systems Analysts
- Business Operations Specialists, All Other
- Architects, Expect Landscape & Naval
- Environmental Engineers
- Respiratory Therapists
- Architectural & Engineering Managers
- Computer User Support
- Medical & Health Services Managers
- Physician Assistants
If any of these career opportunities catch your eye, you might want to start submitting your resume! Check out this blueprint to see the full list of other in-demand job opportunities in Nevada.
Challenges in the Job Market
Now that you’ve seen all the possible opportunities waiting for you in the state of Nevada let’s be a little more practical and discuss some of the challenges in the job market today. With the aftereffects of the Covid-19 pandemic hurting many businesses nationwide, Nevada - the home to the tourist and entertainment capital - has bounced back and is open for business.
But here’s the catch.
Although life seems as if it has gone back to normal with the gambling revenues and hotel occupants being at new highs, workers are struggling. With gas, food, and rent rising, workers have expressed concerns that their wages aren’t reflecting these inflating costs. According to The Guardian, the U.S. median wage has steadily declined throughout the pandemic until now.
Now that the demand has returned for restaurants and other large businesses, the issue of needing more workers has created a challenge in the job market. These shortages create unhappy tourists, but with the large numbers of people returning to work, these challenges have declined.
Job Search Resources
Ready to make your move and see Nevada's job opportunities.
Thankfully, many resources are available to start your ultimate job search in this booming state.
Check out these resources!
In conclusion, for those looking to move to this amazing state, plenty of job opportunities are available just for you! Despite some of the challenges in the job market, Nevada offers a number of positives from the booming economy to the number of in-demand jobs.
Sound like the place for you?
Las Vegas has plenty of walkable and amazing neighborhoods, and you can learn about a couple of them with the ultimate guide to living in downtown Las Vegas and the complete guide to living in Summerlin.