50-State Rankings for February 2020-February 2022
State Job Recovery Trends as of February 2022
- Nebraska (+1.2%), Washington (+0.9%), Wyoming (+0.9%), New Hampshire (+0.8%), and South Carolina (+0.8%) led February job growth in percentage gains.
- California (+138,100), Texas (+77,800), Florida (+51,000), Pennsylvania (+34,400), and Washington (+31,700) had the most absolute job creation in February.
National Job Recovery Trends as of February 2022
- The US lost 22 million jobs from February 2020-April 2020.
- The US is currently 2.1 million jobs below pre-pandemic levels, a 1.4% net decline.
Key Takeaways: The Impact of State Policies on Job Recovery
- State recovery leaders impose fewer economic restrictions, lower taxes, and embrace policies that attract families and businesses.
- Idaho, Montana, Arkansas, Texas, North Carolina, Arizona, and Colorado each cut taxes or spending in 2021. Tennessee cut taxes in 2022.
- Colorado became the eleventh state to exceed its pre-pandemic jobs count in February 2022.
- Uncompetitive states face heightened competition for workers and businesses in the new era of remote work.
- Large states like New York, Pennsylvania, Michigan, and Illinois are suffering through an unnecessarily slow labor market recovery.
- Dozens of states are considering tax cuts in 2022 to increase their competitiveness for attracting mobile businesses and remote workers.