BRAC produces an economic indicator dashboard as part of our business recovery priorities. The dashboard examines and assesses the impact of COVID-19 on the regional economy, taking into account a number of data points to illustrate the economy’s current state, and to keep businesses informed as it begins to steady and rebound. Past dashboards are archived on brac.org/recovery.
Key takeaways from this week’s dashboard include:
- Small business employment continues to tick upward in the region, but at a relatively slow pace;
- Unemployment claims have stopped falling and have plateaued at around 57,000 for the region;
- Like employment, hotel occupancy data is flat, despite early June being a high-travel time in 2019;
- CATS ridership and mobility data generally show less movement than the week before, potentially due to concerns about the tropical storm.