Today, the industry that was hardest hit during the economic downturn is booming again as Nevada’s fastest-growing employment sector of the economy. This resurgence has had positive effects not only to those employed within the sector, but also to the overall state economy by adding jobs and infrastructure to meet the rising demands of a fast-growing state.
Over the past year, Nevada has consistently recorded some the best job growth in the nation, and the construction sector has been a key component of that growth. Through July 2017, total employment in Nevada has expanded year-over-year for 79 consecutive months, with 43 of the past 44 months reaching or exceeding 3.0 percent. Statewide construction employment reached a post-recession high of 87,000 workers in July 2017, a gain of 12.7 percent over the previous year. For comparison, national construction sector employment rose only 2.5 percent during the same period. The rapid growth in Nevada’s construction workforce has provided a significant boost to statewide employment numbers. Construction added 9,800 jobs over the past year, which accounted for 25.5 percent of the 38,400 new jobs across the state. The only sector to add more jobs was professional and business services with 11,400.
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