I believe I remember seeing posted here about a year ago how the economy along the lines that the economy would recover better if the virus was contained - implying mandates would be good for the economy in the long run. Am I remembering correctly? Whatever the case, this is interesting.
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New York (CNN Business)America's job market hasn't fully recovered yet. But some states are already back to normal.
In November, Texas and Arizona joined Utah and Idaho in recouping all their pandemic job losses, according to a report by ratings agency Fitch.
In comparison, California and New York were at only 70% and 60% of their pre-pandemic employment levels, respectively.
This highlights just how uneven the recovery has been. States that were more affected by the waves of the pandemic and had tighter restrictions to fight the outbreak are lagging behind in recovering from their Covid job losses.
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CNN Business' Back-to-Normal Index, created with Moody's Analytics, stood at 91% as of last week. Only South Dakota was more than 100% recovered, though a few states, including Idaho, Arizona, Florida and Montana are getting close.
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Not stated in the post is that CA is at 89% and NY at 84% for the Back-to-Normal Index.
America's job market hasn't fully recovered yet. But some states are already back to normal.
www.cnn.com