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Expand chart
Data: Indeed; Chart: Naema Ahmed/Axios

The number of unemployed Americans vastly outnumbers the number of open jobs in every single state.

Why it matters: Even though we've come back from the worst unemployment numbers, the pandemic's economic toll keeps turning furloughs into job losses — and pushing millions of people out of the workforce entirely.

By the numbers: In every state, job postings are way down compared with 2019 levels, according to data from Indeed's Hiring Lab that was provided to Axios.

  • In several states with job-magnet cities — like New York, California, Illinois and Massachusetts — postings are down close to 30%. "This is more a big-city recession than a rural one," says Jed Kolko, Indeed's chief economist.
  • Some places, like West Virginia, Mississippi and Alabama, recovered but have started to dip again.
  • The outliers: The outlook in Hawaii and D.C., both of which rely on domestic and international tourism, is especially bleak, with job posts down 46% and 40%, respectively.

The big picture: With the pandemic affecting every city and every industry, job seekers have nowhere to turn.

  • "Historically, the U.S. has relied on mobility to solve these problems," says Mark Zandi, chief economist at Moody's Analytics. "The problem with the pandemic is that it has hit every single community in the country. There's nowhere to go."
  • Hiring slumps have been concentrated in industries like hospitality and retail, which have been directly hit by the coronavirus crisis. But the effects are bleeding into other sectors like tech and finance as the pandemic and the recession push companies to reevaluate their hiring plans.

The bottom line: "We're gonna have a lot fewer jobs for a long time," Zandi says. "We'll get back, but it won't be next year or the year after. It'll likely be mid-decade."

Go deeper

Felix Salmon, author of Capital
Dec 16, 2020 - Economy & Business

Women's unemployment crisis revealed

Data: LISEP; Chart: Danielle Alberti/Axios

The true unemployment rate for women isn't going down, as official statistics suggest. In fact, it's going up — at least according to the most recent analysis of official data from LISEP, the Ludwig Institute for Shared Economic Prosperity.

By the numbers: The LISEP definition of "true unemployment" includes anybody who's looking for a full-time job paying a living wage, but who hasn't been able to find one. By that metric, 30.9% of American women were unemployed in November — an increase of 0.5% from the October figure.

Tim Scott hopes to reintroduce version of GOP police reform bill

Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Tim Scott (R-S.C.) told reporters Wednesday he plans to reintroduce his police reform bill or a similar proposal in the coming weeks and that he has discussed a potential compromise with Rep. Karen Bass (D-Calif.) and Sen. Cory Booker (D-N.J.).

Why it matters: Eyes have again turned to Washington to take steps to address police reform in the wake of Derek Chauvin's guilty verdict Tuesday, after efforts stalled in Congress last year.

Biden announces small business tax credits for vaccine PTO

Photo: Doug Mills/The New York Times/Bloomberg via Getty Images

President Biden on Wednesday called on all employers to provide workers paid time off to get vaccinated or recover from COVID side effects, and said he'll include a paid tax credit for small businesses that do so.

Why it matters: The Biden administration sees workplaces as highly influential in making shots more convenient for working adults who are in high-risk industries.