Texas and Arizona have joined two other states in recovering all the jobs they lost at the start of the Covid-19 pandemic, leading a trend that is expected to include another dozen states by the middle of this year.
The states, which also include Utah and Idaho, have benefited from demographic shifts before and during the pandemic—experiencing outsize payroll growth in retail, warehousing, technology and transportation industries. Companies have moved operations to the states, and workers have moved in as well, sometimes leaving more crowded and expensive urban areas. The states—all Republican controlled—also have had relatively relaxed Covid-19 restrictions during the pandemic, which economists say softened the blow on their economies.
“Those four states have experienced persistently strong population growth, which really wasn’t dented by the pandemic,” said Adam Kamins, director of regional economics at Moody’s Analytics. “More and more people keep coming from expensive coastal cities to places like Dallas and Phoenix, which have a relatively lower cost of living and higher quality of life.”
www.wsj.com/articles/texas-arizona-have-recovered-all-the-jobs-lost-when-covid-19-hit-11642501805