Tracking the Job Recovery - Which Metros Outperform?

November 2021

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U.S. job recovery is in full swing with 80%+ of losses recouped – Down 2.8% from pre-COVID.

Recovery has not been equal across markets and shows broad variance by geography.

The five slowest markets are high density, primary metros or highly reliant on tourism:

• New York (-10.1%)

• Las Vegas (-7.5%)

• Los Angeles (-7.4%)

• Orlando (-6.7%)

• Bay Area (-6.6%)

The five markets with fastest recovery boast strong demographics and high affordability.

• Salt Lake City (+3.4%)

• Austin (+2.1%)

• Jacksonville (+1.1%)

• Tampa (+0.8%)

• Phoenix (+0.6%)