Nevada’s economy is soaring. The President visited this weekend to get an update from the front-lines on the results of his administration’s policies on jobs and the economy. I was happy to be able to tell him that, here in Nevada, we are leading America’s economic comeback.
No other state in the country was hit harder by the recession. Families from across Nevada lost their homes, their jobs, their sense of purpose and dignity. Today, our economy has been restored. We’ve got a lot more to do, but Nevada has clawed back from the brink of disaster and is stronger than ever.
We’ve been growing about 40,000 new jobs per year. We’ve got our lowest unemployment rate in more than a decade. And the incredible economic boom in Nevada isn’t just taking place in Reno and Las Vegas. In fact, Eureka County has our state’s lowest unemployment rate, at 2.9 percent, according to the Bureau of Labor Statistics. And Eureka is not alone. Lincoln, White Pine and many other rural counties are under 5 percent unemployment.
Right now, manufacturing jobs are growing at the fastest rate. This past year, we’ve seen construction jobs go up by about 8%. Major projects are under way, right now, all over the state.
It’s not just big companies. Mom and pop shops with fewer than 100 employees are growing. We’re at a record high for small business jobs: 632,000 jobs—18,300 new small business jobs in the last year.
Tax cuts have helped Nevada tremendously. The tax reform that the President fought for has led to pay raises, bonuses for crew members, more quality jobs, project expansions, and more. They were willing to step up and make a difference, and because of that workers in Nevada have more money in their pocket every week.