Nevada Business & Employment Growth Since 2009
- 5,608 more businesses
- 232,948 more employees
- 20.5% increase in total wages
- $7,294 increase in annual wages per employee
- 17.1% increase in wages per employee
Since 2009, the number of businesses in Nevada has grown by 7.4% (4.0% less than the national average of 11.4%). Employment in Nevada has grown by 20.5% (6.9% greater than the national average of 13.6%). Wages have grown by 17.0% since the end of the Great Recession. This wage growth is 8.7% less than the national average of 25.7%. The average weekly wage in Nevada of $962 is 14.4% below the national average of $1,101. The gap between the national average has widened from 6.6% a widening of 7.9% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Professional services | 11,601 | 9,780 | 18.6% |
| Retail trade | 8,486 | 8,298 | 2.3% |
| Healthcare | 7,768 | 6,596 | 17.8% |
| Accommodation and food services | 6,642 | 5,951 | 11.6% |
| Waste services | 6,355 | 5,514 | 15.3% |
| Construction | 5,913 | 7,441 | -20.5% |
| Other services | 5,059 | 4,643 | 9.0% |
| Wholesale trade | 5,052 | 5,348 | -5.5% |
| Real estate and rental | 4,555 | 4,348 | 4.8% |
| Finance and insurance | 4,523 | 5,347 | -15.4% |
| Transport and warehousing | 2,183 | 1,984 | 10.0% |
| Manufacturing | 2,065 | 2,124 | -2.8% |
| Company management | 1,957 | 1,883 | 3.9% |
| Arts and entertainment | 1,824 | 1,499 | 21.7% |
| Information | 1,536 | 1,190 | 29.1% |
| Educational services | 1,113 | 851 | 30.8% |
| Agriculture and forestry | 393 | 276 | 42.4% |
| Mining and oil extraction | 245 | 276 | -11.2% |
| Utilities | 125 | 113 | 10.6% |
The sector that has had the strongest growth [in number of businesses] is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 20.5% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Accommodation and food services | 319,154 | 281,772 | 13.3% |
| Retail trade | 147,575 | 128,182 | 15.1% |
| Healthcare | 125,488 | 89,172 | 40.7% |
| Waste services | 104,378 | 68,992 | 51.3% |
| Construction | 89,116 | 80,827 | 10.3% |
| Transport and warehousing | 65,453 | 45,379 | 44.2% |
| Professional services | 59,297 | 48,715 | 21.7% |
| Manufacturing | 55,370 | 40,192 | 37.8% |
| Wholesale trade | 37,165 | 35,034 | 6.1% |
| Finance and insurance | 35,927 | 32,754 | 9.7% |
| Other services | 34,930 | 27,283 | 28.0% |
| Arts and entertainment | 32,988 | 26,280 | 25.5% |
| Real estate and rental | 27,320 | 22,778 | 19.9% |
| Company management | 26,778 | 17,886 | 49.7% |
| Information | 15,599 | 13,173 | 18.4% |
| Mining and oil extraction | 14,546 | 11,622 | 25.2% |
| Educational services | 13,439 | 8,058 | 66.8% |
| Agriculture and forestry | 4,788 | 2,263 | 111.6% |
| Utilities | 4,076 | 4,568 | -10.8% |
The sector that has had the strongest employment growth [in number of employees] is the Accommodation and food services sector, which has increased by 13.3% since 2009. The sector that has has the largest employment decline in number of employees is the Utilities sector, which has declined by 10.8% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Company management | $2,648 | $1,910 | 0.0% |
| Utilities | $2,140 | $1,688 | 0.0% |
| Mining and oil extraction | $1,874 | $1,513 | 0.0% |
| Finance and insurance | $1,516 | $1,065 | 0.0% |
| Wholesale trade | $1,491 | $1,143 | 0.0% |
| Professional services | $1,454 | $1,269 | 0.0% |
| Information | $1,349 | $1,061 | 0.0% |
| Construction | $1,176 | $1,128 | 0.0% |
| Manufacturing | $1,126 | $959 | 0.0% |
| Healthcare | $1,061 | $947 | 0.0% |
| Real estate and rental | $973 | $746 | 0.0% |
| Transport and warehousing | $928 | $732 | 0.0% |
| Educational services | $861 | $736 | 0.0% |
| Agriculture and forestry | $743 | $583 | 0.0% |
| Other services | $721 | $609 | 0.0% |
| Arts and entertainment | $693 | $571 | 0.0% |
| Waste services | $661 | $575 | 0.0% |
| Accommodation and food services | $643 | $561 | 0.0% |
| Retail trade | $618 | $528 | 0.0% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Construction sector, which has declined by 0.0% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Computer systems design and related services | 2,467 | 1,643 | 0.0% |
| Unclassified | 2,450 | 780 | 0.0% |
| Offices of physicians | 2,430 | 2,362 | 0.0% |
| Management of companies and enterprises | 1,957 | 1,883 | 0.0% |
| Management consulting services | 1,879 | 1,429 | 0.0% |
| Offices of lawyers | 1,691 | 1,622 | 0.0% |
The top industry that has had the largest increase in the number of businesses is the Unclassified industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of businesses is the Offices of physicians industry, which has declined by 0.0% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Casino hotels | 173,331 | 176,756 | 0.0% |
| General medical and surgical hospitals | 28,108 | 19,694 | 0.0% |
| Management of companies and enterprises | 26,778 | 17,886 | 0.0% |
| Temporary help services | 23,332 | 14,179 | 0.0% |
| Offices of physicians | 20,707 | 16,302 | 0.0% |
| General warehousing and storage | 20,655 | 8,451 | 0.0% |
The top industry that has had the largest increase in the number of employees is the General warehousing and storage industry, which has increased by 0.0% since 2009. The top industry that has has the largest decline in the number of employees is the Casino hotels industry, which has declined by 0.0% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Securities brokerage | $3,826 | $2,195 | 0.0% |
| Investment banking and securities dealing | $3,793 | $3,419 | 0.0% |
| Dance companies | $3,590 | $734 | 0.0% |
| Computer and software merchant wholesalers | $3,299 | $1,987 | 0.0% |
| Portfolio management | $3,155 | $2,049 | 0.0% |
The top industry that has had the strongest wage growth is the Dance companies industry, which has increased by 0.0% since 2009. The top industry that has has the largest wage decline is the Investment banking and securities dealing industry, which has declined by 0.0% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 100 to 249 employees. The number of businesses with this number of employees has grown from 850 to 1,210, which is an increase of 42.4%.The smallest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 44,536 to 46,902, which is an increase of 5.3%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 46,902 | 44,536 | 5.3% |
| 5-9 Employees | 13,261 | 11,692 | 13.4% |
| 10-19 Employees | 9,793 | 8,182 | 19.7% |
| 20-49 Employees | 6,741 | 5,067 | 33.0% |
| 50-99 Employees | 2,110 | 1,668 | 26.5% |
| 100-249 Employees | 1,210 | 850 | 42.4% |
| 250-499 Employees | 278 | 205 | 35.6% |
| 500-999 Employees | 131 | 105 | 24.8% |
| More Than 1,000 Employees | 83 | 73 | 13.7% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 100 to 249 employees. The number of employees in companies this size has grown from 122,484 to 174,760, which is an increase of 42.7%.The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 77,372 to 87,687, which is an increase of 13.3%.
Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 71,647 | 62,650 | 14.4% |
| 5-9 Employees | 87,687 | 77,372 | 13.3% |
| 10-19 Employees | 130,949 | 109,703 | 19.4% |
| 20-49 Employees | 199,921 | 148,477 | 34.6% |
| 50-99 Employees | 142,892 | 113,598 | 25.8% |
| 100-249 Employees | 174,760 | 122,484 | 42.7% |
| 250-499 Employees | 96,860 | 70,729 | 36.9% |
| 500-999 Employees | 87,321 | 71,853 | 21.5% |
| More Than 1,000 Employees | 194,151 | 168,348 | 15.3% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $796 to $1,101, which is an increase of 38.3%.The smallest percentage change in the average weekly wage has been in businesses with 50 to 99 employees. The average weekly wage in companies this size has grown from $741 to $875, which is an increase of 18.1%.
Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $1,244 | $918 | 35.5% |
| 5-9 Employees | $896 | $677 | 32.3% |
| 10-19 Employees | $891 | $688 | 29.5% |
| 20-49 Employees | $857 | $710 | 20.7% |
| 50-99 Employees | $875 | $741 | 18.1% |
| 100-249 Employees | $928 | $758 | 22.4% |
| 250-499 Employees | $993 | $755 | 31.5% |
| 500-999 Employees | $1,101 | $796 | 38.3% |
| More Than 1,000 Employees | $1,047 | $778 | 34.6% |
Data Sources
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