Discussion Paper

Lagging Labor Force Participation in Maryland and Virginia

Abstract: By July 2022, the U.S. had officially regained the jobs lost in the pandemic, the unemployment rate matched its pre-pandemic low, and the size of the labor force (the sum of employed and unemployed looking for work) was almost back to its pre-pandemic level. The same was true for many states in the Fifth District. Maryland, Virginia, and West Virginia had recovered nearly all the jobs lost in February and March of 2020, while North and South Carolina had more than fully recovered. Unemployment rates were at or below pre-pandemic rates across much of the Fifth District as well.

Keywords: labor market; unemployment; Labor Force Participation;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Regional Matters

Publication Date: 2022-09-23