Las Vegas Sun

October 21, 2017

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Average Nevada wage up in 2012, but can’t beat inflation

CARSON CITY — Nevada’s average weekly wage hit an all-time high of $877 in the last three months of 2012, the state reported today.

For all of last year, the average wage was $839, up 1.3 percent over 2011. But inflation rose by 2.1 percent for the year, so buying power decreased.

The minimum wage set by the state was $8.25 per hour, or $330, for a 40-hour work week. The state Department of Employment, Training and Rehabilitation said gains in the average weekly wage have grown in seven of the last ten quarters.

Chief Economist Bill Anderson said all economic measurements indicate Nevada’s economy is improving.

Gov. Brian Sandoval said he was pleased with the gain, but “there are still too many of our fellow Nevadans who are unemployed.”

The most recent report shows the unemployment rate at 9.7 percent, or 132,900 persons jobless.

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