Nevada’s economy reached a notable milestone recently when total employment climbed to an all-time high in October. The 1.31 million jobs reported statewide that month meant more than a new record; they also signaled an important landmark in the years-long recovery from the Great Recession as the state regained all of the jobs lost during the economic crisis.

The jobs recovery took nine years, but the state has regained the nearly 200,000 jobs it lost to surpass the pre-recession peak of 1.30 million jobs in May 2007, according to the latest Bureau of Labor Statistics estimates. While it took almost a decade for employment to come back to the pre-recession peak, it is important to note that employment growth in the early to mid-2000s was fueled by rapid growth in construction and tourism-related jobs. Both industries are very sensitive to the business cycle, which resulted in a disproportionate amount of economic hardship in Nevada compared to the rest of the nation. As the economic crisis continued, the state employment level steadily decreased to a low of 1.1 million in January 2010. Since that point annual job growth has averaged 2.4 percent, including a nearly two-year stretch of 3.6 percent average annual growth. Over that timeframe, Nevada’s job growth rate has exceeded the national rate of 1.7 percent.

Click here to download the report and read more.