50-State Rankings for February 2020-March 2022
State Job Recovery Trends as of March 2022
- South Dakota (+0.6%), Massachusetts (+0.6%), Maine (+0.6%), New Hampshire (+0.5%), and New Jersey (+0.4%) led March job growth in percentage gains.
- California (+60,300), Texas (+30,100), New York (+28,100), Massachusetts (+21,000) and Ohio (+18,300) had the most March job creation in absolute terms.
National Job Recovery Trends as of March 2022
- The US lost 22 million jobs from February 2020-April 2020.
- The US is currently 1.6 million jobs below pre-pandemic levels, a 1.0% net decline since February 2020.
Key Takeaways: The Impact of State Policies on Job Recovery
- South Dakota and Indiana became the twelfth and thirteenth states to exceed their pre-pandemic jobs count in March 2022.
- States that have crossed the jobs recovery finish line embrace policies that attract families and businesses, including a lighter approach during the pandemic, lower taxes, fewer economic restrictions, and a lower cost of living.
- State tax competition is especially fierce in the new era of remote work. In addition, taxpayers cannot write off their state and local taxes against their federal returns.
- Recovery drags on slowly in states that imposed harsh pandemic restrictions and have high tax and regulatory burdens, especially states like New York that raised taxes during the pandemic.