PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

States Faring ‘the Best’ During COVID-19 in Terms of Jobs and Labor

By at 20 June, 2020, 2:37 pm

by Raymond J. Keating-

The economic devastation over the past three-plus months has been widespread, and no state has been spared. However, some states at least have fared less poorly than others.

The U.S. Department of Labor’s report on May employment by state offers some points worth highlighting along these lines.

First, the following table shows states that experienced the smallest percentage losses in jobs from May 2019 to May 2020.

State Percent Change in Employment, May 2019 to May 2020
Utah – 4.8%
Arizona – 5.7%
Idaho – 5.9%
Arkansas – 7.1%
Nebraska – 7.1%
Texas – 7.2%
Oklahoma – 7.3%
Mississippi – 7.5%
South Dakota – 7.5%
Kansas – 7.7%
Alabama – 7.8%

 

Meanwhile, while the nation and most states have experienced a dramatic decline in the labor force, a few states actually had labor levels in May 2020 that were higher than May 2019.

State Percent Change in Labor Force, May 2019 to May 2020
South Carolina     + 2.1%
Nebraska     + 1.9%
Kansas     + 1.5%
New Jersey     + 1.4%
Washington     + 1.2%
Oregon     + 0.9%
Wyoming     + 0.9%
Arizona     + 0.6%
Utah     + 0.6%
Idaho     + 0.5%
Alabama     + 0.4%
South Dakota     + 0.3%

 

It’s worth highlighting the states appearing in each table, indicating that their labor forces have increased and job losses were among the least in the nation:

● Alabama

● Arizona

● Idaho

● Kansas

● Nebraska

● South Dakota

● Utah

The relative good news for the states in the two tables above – and particularly the seven appearing in both – is that the economic holes from which they must climb out, at least in terms of employment, are, perhaps, not as deep as other states.

Raymond J. Keating is chief economist for the Small Business & Entrepreneurship Council.

 

News and Media Releases