Nevada posted the biggest resurgence in payroll nationwide, with year-over-year growth of just under 30%, according to an analysis by insurance technology company Huckleberry.
Nevada’s growth was double the rate of second-place Maryland’s 15% and more than three times the payroll growth of third-place North Carolina’s 8%.
Payroll growth, which shows increases in average wage and salaries, is typically considered to be a good indicator for recovery as well as business confidence. The state also posted impressive numbers for insurance policy growth, which jumped by 165%.
“Nevada had the biggest bounce we’re seeing in terms of year-over-year applications for insurance policies,” Nick Dehn, a spokesman for Huckleberry said.
“Those are major numbers. Nevada is really an outlier here.”