Mid-Atlantic and Northeast Jobs Recovery Trails U.S. Average

November 3, 2021
|
Author: Mallory Vachon, Ph.D., Sr. Economist

Mid-Atlantic and Northeast states lag behind the national average in recouping lost jobs, largely due to the scale of losses in the early stages of the pandemic. This region encompasses the following states and Washington, D.C., shown with their current employment as a percentage of pre-pandemic employment.

Mid-Atlantic and Northeast states lag behind the national average in recouping lost jobs, largely due to the scale of losses in the early stages of the pandemic. This region encompasses the following states and Washington, D.C., shown with their current employment as a percentage of pre-pandemic employment.

  1. Maryland: -3.90%,
  2. Massachusetts: -5.80%
  3. Pennsylvania: -5.90%
  4. District of Columbia: -6.40%
  5. New York: -8.90%

Economic recovery varies considerably by industry, with some recapturing all jobs by 2022, but others will take until 2024 or later.

Given the lag in the recovery, the Northeast region will be at risk of losing talent, and high salaries make remote work a difficult option for companies ready to hire.

Read a recent LaborIQ report that outlines the state’s economic recovery: “U.S. Labor Market Performance & Outlook + Northeast & Mid-Atlantic Metro Highlights.”

Mid-Atlantic and Northeast Salary Comparisons by City & Job

The salaries highlighted in orange represent the lowest salary for the occupation for the locations listed. These salary recommendations can be a useful tool as you develop your 2022 recruitment and retention strategy. Companies focused on remote work can look to areas with lower salaries for a great cost-savings strategy.

Table: Mid-Atlantic and Northeast Salary Comparisons

LaborIQ® is uniquely intelligent software that helps you identify market-driven compensation demands for 20,000+ jobs across the U.S. to boost talent acquisition, talent retention, and business planning. 

Related Reads