• SSTI Annual Conference thank you

    Thank you to our host, the Arkansas Research Alliance, all our national and local sponsors, speakers and attendees for wonderfully successful Annual Conference!

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Useful Stats: A full recovery from COVID-induced unemployment?

June 02, 2022
By: Conor Gowder

Between March and April of 2020, the United States saw a massive drop in employment due to the COVID-19 pandemic: from approximately 151 million employees to fewer than 131 million. More than two years since the beginning of the pandemic, surveys suggest a near-complete recovery to pre-pandemic employment levels. Data from the U.S. Bureau of Labor Statistics (BLS) through March 2022 (the most recent final data published by BLS) reveal an average decrease of just 1 percent in employment across the country as whole since February 2020. While the U.S. is approaching full employment recovery at the national level, 36 states and D.C. continue to lag while 14 and Puerto Rico have surpassed their pre-pandemic employment.

As of March 2022, 21 states and territories are within 1 percent of their pre-pandemic employment.

Puerto Rico and 14 states have greater employment than in February 2020. On a percentage basis, the regions with the greatest increase are led by Idaho (+5 percent) and Utah (+5 percent), while Texas (+263,000), Florida (+172,000) and North Carolina (+111,000) have seen the greatest absolute increases in employment.  

Of the 37 regions that continue to have fewer employees than in February 2020, Hawaii (-9 percent) is suffering the most on a percentage basis, while New York (-435,000) and California (-252,000) have seen the greatest total loss in employees.

The preliminary data for April 2022 suggests an even more positive overall image of employment gains than March. This data will likely be finalized later this week, when BLS is also expected to announce preliminary data for May.

Click here for the data used in this article.

useful stats, employment, states