BRAC’s May 13 COVID Brief: BRAC’s Economic Indicator Dashboard

BRAC’s Economic Indicator 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 rebounds. The dashboard is released monthly. Past dashboards are archived on
Key findings from this month’s dashboard include:Number of jobs in the region remained relatively flat from February to March, with a projected 300 jobs lost overall;Construction remains the only sector with double-digit percentage job loss, down 12.4% of its jobs from pre-pandemic, which translates to 5,900 lost jobs in total;The Capital Region saw a drop in weekly unemployment claims for the second consecutive week to 10,187 claims, which is still notably above the 2021 low of 7,898 claims in late March;Consumer spending in the three largest parishes was above pre-pandemic levels;Hotel occupancy is higher than the same week in 2019, while revenues are almost identical, indicating that travel to the region has picked up considerably since 2020.
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