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 begins to steady and rebound. Past dashboards are archived on brac.org/recovery.
Key findings from this week’s dashboard include:
- Weekly combined unemployment claims fell sharply over the week, the eleventh consecutive week of a drop. Claims are down 46% in that timeframe;
- Retail fuel sales for the region were flat, just below 2019 sales for the same week;
- Hotel occupancy rates were also flat for this week over-the-year, although revenues were lower, indicating a lower price per room rented; and
- Mobility data showed that travel to work was down slightly over the week, and CATS ridership continues to be less than half of what it was for the same week last year.