Small businesses are a dominate part of the Nevada economy right now.
Small businesses, those firms with fewer than 100 employees, added 19,000 jobs in the fourth quarter of 2015, totaling 596,000 in employment. This represents the second consecutive quarter in which small business employment stands at a record-high.
During the final three months of 2014, small business employment registered at 577,000. Prior to the recession, small business employment peaked at just over 585,000 in the fourth quarter of 2007.
As the downturn unfolded, jobs fell to 510,000.
“Small businesses have added back all of the jobs lost during the recession, and have surpassed pre-recessionary levels,” said Bill Anderson, chief economist for Nevada’s Department of Employment, Training and Rehabilitation, in a press release.