In this installment of our series on state employment, KBRA examines April 2022 national jobs data released on May 6, as well as March state-level jobs data.
The overall U.S. labor market has recovered all of the jobs lost during the pandemic. Jobs grew by 89,000 (0.06%) to 158.1 million between February 2020 and March 2022. While there remains a gap on a seasonally adjusted basis (654,000), the gap is closing compared to peak losses of 25 million between February and April 2020.
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Related Publications
- March Retail Sales Lagged Inflation YoY; Higher Prices, Rising Rates May Slow Spending
- Which States Are Winning the Battle for Jobs?
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KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
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