Hello everyone and welcome to this episode of Ignition Time.
There are 12 States in the country
that have actually restored employment to pre COVID levels.
Yes, folks, you heard that right.
Employment is back to the same level or
above prepandemic levels in dozen US States. Compared with February 2020,
Arizona has actually added the most non farm jobs on its payrolls,
followed by Florida, Utah, Wisconsin, and Oregon, according to brand new data
that was released by the Bureau of Labor Statistics.
Let's take a look at this chart on your screen.
Job Gainers and Losers In 12 States, more people were employed in December
2021, than in February 2020, and in five states,
2 million fewer individuals had jobs. In an additional 20 States
plus the District of Columbia payrolls are within 50,000 jobs of recovering.
What that means is in those 20 States,
including DC, the jobs are almost back entirely compared to pre COVID.
Now, the remaining States are collectively missing about 3.5 million jobs.
And these are concentrated,
as you can imagine, in three of the most populated States,
California, New York, and Pennsylvania, including Michigan.
California alone is about 750,000 jobs short of its pre COVID level.
This data actually reveals how uneven the recovery has been in the labor market.
And most missing jobs are actually located along the coast.
Now why is this actually happening, folks?
It may be happening because of A population and B because of migration
away from the coastal areas as a direct result of the pandemic.
In fact, data shows that a net 8600 people
over 16 actually left New York every month for the last 22 months.
Now, in contrast, the population actually grew in Texas, Florida, and Arizona.
In fact, the net gain in Texas equates
to more than 950 people per day during that period.
So let's take a look at this chart on your
screen that shows you the population flows.
The largest projected population loss is actually in New York and in Illinois.
So what is happening folks is, because the country is fundamentally
changing because individuals are migrating away from the coastal areas like New York,
like California, those States are actually having more joblessness.
In fact, they have more unemployed people
and they have more jobs that are actually not filled.
That is pretty ironic when you think about it.
This is a state that actually wants people, and I'm talking about New York
in particular now and people actually leaving the state.
On the other hand, people are migrating away from such States
towards other States where employment has indeed returned to pre COVID levels.
So when there are jobs in the state,
it's not necessarily because people in that state are deciding not to work.
It's actually happening because people in large part are moving away
from that state because pandemic migration actually plays a role in all of this.
This is pretty incredible if you actually
think about it and also if you take into consideration population growth
because what's been happening is that the population is growing in some
States and actually declining in other States.
In fact, as I mentioned earlier,
the population actually grew in States like Texas, Florida, and Arizona.
In fact, 950 people more per day moved to Texas in the past few months.
So if you really think about this entire situation, you'll understand how uneven
the pandemic recovery has been throughout the country.
Some States are simply doing better than others.
I've been doing videos since the start
of the pandemic and I have told our viewers and subscribers about the fact
that individuals with higher education levels were doing better.
In fact, individuals in travel, leisure,
entertainment, and hospitality were not doing as well.
But now what is happening is that everybody is starting to do better,
but people are actually moving away from certain States towards other States.
Now, one of the reasons I would imagine
people move away from States like New York and California is high state taxes.
In fact, New York actually taxed individuals who came to New York to help
during the Pandemic simply because they worked in New York for a few days or a few
weeks, even though they were not New York residents.
This makes things very difficult for individuals who work in New York
and California because you're paying significantly higher taxes than you
normally would, even if in the case of New York,
you are not even a resident of New York, but you just came to New York maybe
to help during the Pandemic as perhaps a health care giver.
So this actually creates a situation where different States are doing better.
People are migrating away from some States
towards other States, and in some States the situation is back to normal.
People are employed to the same extent that they were prior to the pandemic
and this creates an unusual situation where in certain States are doing better
than others and it has nothing to do with the industry.
It has nothing to do with travel, leisure, entertainment, and hospitality.
It has to do with pandemic migration and the population in that state.
Now I want to know from our viewers and subscribers where you are located.
Type out in the comments section below
in which state you are located, because I want to know from our viewers
and subscribers which state you're located in and whether you've been able to get
your job back or whether you found a different job.
I want to get a real time analysis from our subscribers from our community as
to which state you're located in and whether you've got your job back.
Because the data suggests that individuals in certain States are doing much better
than others regardless of their occupation.
Because certain States simply have
returned to prepanddemic levels of employment.
So again, let me know in the comment section below which state you're located
in and whether you've got your job back or not.
Also, let me know if you're aware of any friends or family members in some of these
States that I mentioned and whether they're going through the same struggles
and challenges if they're in a coastal state like new York,
Pennsylvania or California or whether they're doing just fine let's say,
for example, they're in a state like Texas or Florida let me know in the comments
section below because I believe the collective inside of our community is
much, much greater much, much more important than me giving you
the information we can all learn from each other together because at the end
of the day the goal of the ignition time channel is to explore everything that's
happening in the country, the economy as well as our money.
Do you believe and do you agree
with the fact that some States have recovered partly because of their
policies, Partly because of population growth and partly because of pandemic
migration or do you believe that this is something the media is telling us?
This is a tale that the media is spinning
simply to get us more compliant and to get us to stop asking questions.
Remember, the content in this episode of ignition time came
from the US Department of labor statistics so this was reported by Bloomberg news.
I'll provide you with the resource to this
episode of ignition time to the content for this episode of ignition time
in the description section below so make sure you check it out.
Thank you so much for watching everyone.
I appreciate you.
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to seeing you in the next episode of ignition time.
Take care, bye.