Economic Impacts of Coronavirus (COVID-19)
The economic impact of coronavirus and the subsequent quarantine and shut-downs is still widely debated. As data is being made available from various resources, we can start to see trends and evidence of widespread and varied impacts.
Our research team continues to update this page as government data becomes available for various key economic performance indicators. We will continue to replace dated data with newly available updates in real time.
How The Economy Is Affected
Seasonally adjusted initial unemployment claims were 793,000 for the week ending February 6, a decrease of 19,000 from the previous week’s revised level, which was increased by 33,000. The insured unemployment rate was 3.2% for the week ending January 30, a decrease of 0.1% from the previous week’s revised rate.
Read More: https://www.dol.gov/ui/
Seasonally adjusted initial unemployment claims were 779,000 for the week ending January 30, a decrease of 33,000 from the previous week’s revised level. The insured unemployment rate was 3.2% for the week ending January 23, a decrease of 0.2% from the previous week’s unrevised rate.
Read More: https://www.dol.gov/ui/
The seasonally adjusted total value of construction put in place rose 1.0% in December from the revised level for November, and was up 5.7% from a year ago. Private residential construction value rose 3.1% from November and was up 20.7% from a year ago. Nonresidential private construction fell 0.8% in December from the previous month and was down 4.8% from a year ago.
Read More: https://www.census.gov/
Seasonally adjusted initial unemployment claims were 847,000 for the week ending January 23, a decrease of 67,000 from the previous week’s revised level. The insured unemployment rate was 3.4% for the week ending January 16, a decrease of 0.1% from the previous week’s revised rate.
Read More: https://www.dol.gov/ui/
Seasonally adjusted initial unemployment claims were 900,000 for the week ending January 16, a decrease of 26,000 from the previous week’s revised level. The insured unemployment rate was 3.6% for the week ending January 9, unchanged from the previous week’s revised rate.
Read More: https://www.dol.gov/ui/
Seasonally adjusted initial unemployment claims were 965,000 for the week ending January 9, an increase of 181,000 from the previous week’s revised level. The insured unemployment rate was 3.7% for the week ending January 2, an increase of 0.2% from the previous week’s unrevised rate.
Read More: https://www.dol.gov/ui/
The seasonally adjusted total value of construction put in place rose 0.9% in November from the revised level for October, and was up 3.8% from a year ago. Private residential construction value rose 2.6% from October and was up 16.2% from a year ago. Nonresidential private construction fell 0.6% in November from the previous month and was down 4.7% from a year ago.
Read More: https://www.census.gov/
Seasonally adjusted initial unemployment claims were 885,000 for the week ending December 12, an increase of 23,000 from the previous week’s revised level. The insured unemployment rate was 3.8% for the week ending December 5, a decrease of 0.1% from the previous week’s unrevised rate.
Read More: https://www.dol.gov/ui/