The Bay Area and California have recuperated from coronavirus-linked business shutdowns at a mediocre pace, a rebound that means a full recovery from COVID-spawned job losses remains months away.
Even as other states surpass their pre-pandemic job levels, the Bay Area and California have recuperated from coronavirus-linked business shutdowns and closures at a mediocre pace.
The state has recovered 89.3% of the jobs it lost during March 2020 and April 2020, the first two months of the business lockdowns, placing it 25th out of 50 states, this news organization’s analysis of federal reports shows. The Bay Area has fared even worse — regaining just 77.8% of its vanished employment. The nine-county region, were it a state, would be ranked No. 43.
“Jobs have been far slower to recover in the Bay Area than much of the rest of California and fallen well below the best pace of the most vibrant areas of the country,” Anderson said. “This is a stark change from the post-Great Recession recovery when the Bay Area frequently led the state and nation’s economic expansion.”
Texas, Florida, Arizona, Colorado, Utah, Idaho, North Carolina, South Carolina, Montana, Georgia, Tennessee, Arkansas and Indiana now report more jobs than they had before the pandemic hit. Making matters worse for California, several of those states are California’s economic rivals. At the current pace of average job gains, the Bay Area now remains about seven months away from getting back all of its lost jobs, Santa Clara County and the San Francisco-San Mateo region are both roughly five months away from full recovery, and California is more than three months away. Meanwhile, the United States is less than three months from recovery.is that the nine-county region was hammered by far worse job losses during the first year of the coronavirus outbreak.
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