In the first quarter of 2022, Nevada maintained its state policy reports position as the best economy in the country, according to a state policy report.
This document ranks countries based on their most recent performance on three main measures of economic vitality: personal income growth, employment growth, and population growth.
“Nevada’s economy is strong and on the right track,” Nevada Governor Steve Sisolak said. The State Policy Reports rating is another key indicator that Nevada is not only a great place to live, but also a great place to do business. Across all agencies, we are focused precisely on creating opportunity for the state of Nevadan.”
Only 19 states outperformed the national economic performance in this update, with Nevada outperforming Texas and Florida.
A press release from the governor stated that employment in Nevada increased 9.7% over the past year compared to the national average of 4.7%.
On the other hand, Nevada’s personal income grew by 10.2%, slightly behind Florida and Texas by 10.3%. Nevada’s annual population growth is 1% compared to the national average of 0.1%. Idaho led the nation with 2.9%. The unemployment rate in Nevada remains high at 5.1% compared to the national average of 3.8%.
