Nevada near front of pack in private sector growth

Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LAS VEGAS (AP) — Nevada's private sector was shrinking faster than anywhere else during the recession, but it's now rebounding at one of the quickest paces in the country.

The state Department of Employment, Training and Rehabilitation reports that Nevada's private sector grew 3.7 percent in the first six months of 2014 compared to 2013.

That rate is behind only North Dakota, which has a 4.4 percent growth rate thanks to an oil boom, and Colorado, which is growing at 3.8 percent.

The growth hearkens back to a decade ago, when Nevada had the country's highest growth rate.

The state was hit harder than any other during the recession. Its private sector shrank by 10.1 percent in 2009.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast