Home Economy Iowa Workforce Development Report Suggests Economy Will Begin to Grow in 2022

Iowa Workforce Development Report Suggests Economy Will Begin to Grow in 2022

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(The Center Square) – Industry projections suggest Iowa will recover most of the nonfarm jobs lost as a result of the COVID-19 pandemic by the fourth quarter of 2021, and the economy will start to grow in 2022, according to a new report.

“While the Iowa Economy isn’t back to a pre-pandemic level yet, our economy has shown definite signs of recovery and most economic data produced by our Labor Market Information (LMI) Division show for now our economy is trending in the right direction,” Deputy Director of Iowa Workforce Development and Labor Market Information Director Ryan West said in the report, 2021 Iowa’s Workforce and the Economy, which was released Thursday by the department.

The leisure and hospitality sector was “unquestionably the most affected among all groups as social-distancing measures were implemented,” the report said. The sector lost 66,900 jobs – 46.1 percent of its payroll jobs – by April 2020.

“This was…

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