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ICYMI: Nevada Tops the List of States’ Economic Momentum
When it comes to personal income growth, employment growth, and population growth, Nevada is ranked number one in the country
LAS VEGAS, NV - Nevada is ranked number one for the state with the best economic momentum, according to Federal Funds Information for States’ (FFIS) Index of State Economic Momentum. Following the devastating impact of COVID-19, Nevada is recovering at one of the fastest rates in the country when it comes to three key factors: personal income growth, employment growth, and population growth.
In terms of overall economic momentum, Nevada outperforms the national average by more than two points. Personal income growth in our state outpaced the national average by nearly seven points, employment by more than seven points, and population by one point.
This top ranking comes following reports showing the Silver State led the nation in Gross Domestic Product (GDP) growth in both the first and second quarters of 2021.
“Nevada has made tremendous progress in our recovery efforts over the past two years and I know we’ll accomplish even more in the new year,” Governor Sisolak said. “Being at the top of lists like this one is critical to our success but more importantly, as our state grows, I am working to ensure every Nevadan is given the chance to succeed, earn more, and provide for their families. I look forward to continued growth and topping many more lists in 2022.”
Read the full report here.
LAS VEGAS, NV - Nevada is ranked number one for the state with the best economic momentum, according to Federal Funds Information for States’ (FFIS) Index of State Economic Momentum. Following the devastating impact of COVID-19, Nevada is recovering at one of the fastest rates in the country when it comes to three key factors: personal income growth, employment growth, and population growth.
In terms of overall economic momentum, Nevada outperforms the national average by more than two points. Personal income growth in our state outpaced the national average by nearly seven points, employment by more than seven points, and population by one point.
This top ranking comes following reports showing the Silver State led the nation in Gross Domestic Product (GDP) growth in both the first and second quarters of 2021.
“Nevada has made tremendous progress in our recovery efforts over the past two years and I know we’ll accomplish even more in the new year,” Governor Sisolak said. “Being at the top of lists like this one is critical to our success but more importantly, as our state grows, I am working to ensure every Nevadan is given the chance to succeed, earn more, and provide for their families. I look forward to continued growth and topping many more lists in 2022.”
Read the full report here.
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