CARSON CITY, NV - April 04, 2022
In the first quarter of 2022, Nevada maintained State Policy Reports’ standing as the best economy in the country. State Policy Report ranks states based on their most recent performance in three key measures of economic vitality – personal income growth, employment growth and population growth.
“Nevada’s economy is strong and on the right track,” said Governor Steve Sisolak. “State Policy Reports’ ranking is another key indicator that Nevada is not only a great place to live but a great place to be in business. Across all agencies, we are laser focused on creating opportunities for Nevadans.”
Just 19 states exceed the national economic performance in this update. Nevada beat out Texas and Florida. Nevada is by far the leading state in employment change, beating out Hawaii and California. Nevada’s employment increased 9.7 percent over the past year compared to the national average of 4.7 percent.
Nevada’s personal income grew by 10.2 percent, slightly behind Florida and Texas at 10.3 percent. Nevada’s annual population growth is at 1 percent compared to the national average of 0.12 percent. Idaho led the nation at 2.9 percent. Nevada’s unemployment rate is still high at 5.1 percent compared to the national average of 3.8 percent.
State Policy Reports is published by Federal Funds Information for States.