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. Past dashboards are archived on brac.org/recovery.
Key findings from this week’s dashboard include:
- Combined weekly unemployment claims fell for the twelfth week in a row, and hit their lowest number since March;
- As of late August, low-wage jobs were still hit hardest by the pandemic. These jobs are largely in the leisure and hospitality sector, which is still affected by the Phase III restrictions;
- Hotel occupancy is in line with the same week in 2019, although revenues are notably lower; and
- In mobility data, CATS ridership is slightly up, although overall residents appear to be spending more time at home than in previous weeks.