Nevada’s small businesses set an employment record in the second quarter.
For the first time ever, businesses in the state with fewer than 100 employees have a total of 603,000 employees.
Tim Wilcox, an economist for Nevada’s Department of Employment, Training and Rehabilitation said in a statement that it’s the first time small-business employment has exceeded 600,000 jobs.
The second quarter saw an increase of 12,200 jobs from the first quarter of the year.
“All told, the 21,900 job year-over-year gain recorded in this year’s second quarter translates into the 22nd consecutive quarter of annualized growth,” Wilcox said.
In the fourth quarter of 2007, just before the recession, small-business employment peaked at just over 585,000 jobs with small businesses accounting for 52 percent of total private-sector employment.
The second-quarter numbers “represents the strongest advance during the recovery period,” Wilcox added, with small businesses currently accounting for 53 percent of total private-sector employment.