Are things getting back to normal in states and cities around the country in terms of employment?
The economy gained 431,000 jobs in March, and the national unemployment rate is now 3.6%, which is 76% below the peak of 14.7% during the height of the COVID-19 pandemic, according to a news release.
To provide more context at the city level, a new report was released on the Cities Whose Unemployment Rates Are Bouncing Back Most.
Here is a breakdown of the findings:
|Most Recovered Cities|
|1. Scottsdale, AZ||11. Warwick, RI|
|2. Tempe, AZ||12. Reno, NV|
|3. Gilbert, AZ||13. Seattle, WA|
|4. Burlington, VT||14. St. Petersburg, FL|
|5. Chandler, AZ||15. Tucson, AZ|
|6. Mesa, AZ||16. Huntsville, AL|
|7. Glendale, AZ||17. Lincoln, NE|
|8. South Burlington, VT||18. Billings, MT|
|9. Peoria, AZ||19. St. Paul, MN|
|10. Phoenix, AZ||20. Minneapolis, MN|
If you’re wondering what qualities should unemployed people look for when choosing which businesses to apply to one expert has a thought.
“Unemployed people can now be a little pickier when it comes to finding a job since many businesses need workers. If remote work is important to you, the leverage is there now more than ever to request at least a hybrid work schedule,” said Jill Gonzalez, WalletHub analyst in the new release. “That being said, the recession is coming, so now is the time to become employed. Employees should look for businesses that have long term growth and needs that can outlast the recession.”
Trouble in the Big Apple
And New York is still trying to pull itself up by the bootstraps as it has experienced the largest number of COVID-19 cases in the U.S. How has the unemployment rate in New York been affected?
“New York has experienced a 46% increase in unemployment from January 2020 to March 2022,” Gonzalez added. “This is worse than the average decrease of 3%. The overall unemployment rate in New York is 6.1%, compared to the average of 3.6%.”
To view the full report and your city’s rank, please visit here