The Business-Cycle increased 0.3% from January 2022 to February 2022. The local unemployment rate for February remained the same as in January at 3.7%. Local nonfarm employment in February decreased slightly from January by 0.08%, and was 1.39% higher than its pre- pandemic high in February 2020. Local real taxable sales decreased 0.5% from January to February 2022, but this measure was 4.72% higher than the same month in 2020. Local employment in Leisure and Hospitality, previously estimated to be down by 20%, was substantially revised upwards, and is now estimated to be 97.7% of its pre-pandemic level.
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