The Bureau of Economic Analysis (BEA) late last week published its 2022 report on state personal income growth, and it deserves more media attention than it’s been getting, which is none.
These columns have documented the economic disparities between states such as New York and California that imposed severe lockdowns for longer and those that reopened sooner such as Florida and Texas. But lockdown states would have been expected to record a stronger rebound last year compared to 2021 when many of their restrictions were still in effect. That’s not what happened.
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