cover image: Table of Contents

20.500.12592/n2z3918

Table of Contents

3 Dec 2023

That is, the decrease in Nevada’s labor force participation rate may be a function of the interplay between comparatively low levels of educational attainment and the mix of economic concentration in leisure and hospitality and underdevelopment in other sectors. [...] These sectors—leisure and hospitality, healthcare and social assistance, retail trade, administrative services, construction, and transportation and warehousing—explained 52.9 percent of the total wage and 64.7 percent of total employment in the first quarter of 2010, which was similar to the fourth quarter of 2022. [...] The proportions of employment in administrative services and transportation and warehousing, however, increased over time, from 6.2 percent and 4.5 percent in the first quarter of 2010 to 7.5 percent and 6.7 percent in the fourth quarter of 2022, respectively. [...] This includes the leisure and hospitality, manufacturing, and retail sectors.44 The leisure and hospitality sector—which accounts for over 22.7 percent of employment in Nevada—recorded the largest decrease in labor force participation rate from 88.3 percent in 2019 to 82.4 percent in 2021. [...] Relationship Between the Labor Force Participation Rate and Proportion of the Population Ages 65 and Over (2019) 54 The coefficients are -0.77 and -0.79, respectively, for 2019 and 2021, and the adjusted R-squared values are 0.16 and 0.18, respectively, for 2019 and 2021.

Authors

Kristine Caliger

Pages
44
Published in
United States of America