Tracking the Job Recovery - Which Metros Outperform?

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

• But not all markets have recovered equally – Broad variance by geography

• 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%)

• Five fastest recovery markets generally boast strong demographics and affordability

  • • Salt Lake City (+3.4%)

  • • Austin (+2.1%)

  • • Jacksonville (+1.1%)

  • • Tampa (+0.8%)

  • • Phoenix (+0.6%)