New York, NY

The US economy is inching back to normal, but the recovery remains uneven. Some states are lagging in the race to get back to pre-pandemic strength — especially New York.

Although several states’ economies have already fully recovered and are even outpacing their pre-Covid levels of economic activity, New York is by far the worst-performing state, according to the Back-to-Normal Index created by CNN Business and Moody’s Analytics. The nation has recovered 95% of the jobs lost in the pandemic. However, New York only recovered 74% — way behind other states. While the index shows that the US economy was 93% back to normal as of June 18, New York was only at 83%, leaving it with the furthest to go to get back into pre-Covid shape. The biggest factor is the scope of the economic destruction New York City suffered during the height of the pandemic when it was the epicenter of the outbreak, leading to more severe lockdown protocols than in many other parts of the country. On top of that, the New York City economy is heavily reliant on service-driven industries that were heavily impacted by COVID measures. Many offices are still mostly empty, and only some workers are commuting, which is definitely bad news for the New York City coffee shops, dry cleaners, and lunch spots that support the office infrastructure.

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* Other structures include religious buildings, amusement, government communications, and public recreation projects.
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