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 sales for merchant wholesalers were $538.3 billion in February, a 0.8% decrease from the revised level for January, but a 6.4% increase from February 2020. Wholesale sales of durable goods fell 2.2% and nondurable goods rose 0.5% in February compared to January.
Seasonally adjusted initial unemployment claims were 744,000 for the week ending April 3, an increase of 16,000 from the previous week’s revised level, which was increased by 9,000. The insured unemployment rate was 2.6% for the week ending March 27, unchanged from the previous week’s revised rate.
Seasonally adjusted initial unemployment claims were 719,000 for the week ending March 27, an increase of 61,000 from the previous week’s revised level, which was lowered by 26,000. The insured unemployment rate was 2.7% for the week ending March 20, unchanged from the previous week’s unrevised rate.

The seasonally adjusted total value of construction put in place fell 0.8% in February from the revised level for January, but was up 5.3% from a year ago. Private residential construction value fell 0.2% from January and jumped 21.1% from a year ago.  Nonresidential private construction fell 1.3% in February from the previous month and was down 6.1% from a year ago.

Read More: https://www.census.gov/construction/c30/pdf/totsa.pdf

Seasonally adjusted initial unemployment claims were 684,000 for the week ending March 20, a decrease of 97,000 from the previous week’s revised level, which was increased by 11,000. The insured unemployment rate was 2.7% for the week ending March 13, a decrease of 0.2% from the previous week’s unrevised rate.
Seasonally adjusted initial unemployment claims were 770,000 for the week ending March 13, an increase of 45,000 from the previous week’s revised level, which was increased by 13,000. The insured unemployment rate was 3.0% for the week ending March 6, an increase of 0.1% from the previous week’s unrevised rate.
Building permits for privately-owned housing units were at a seasonally adjusted annual rate of 1,682,000 in February, a 10.48% decrease from the revised rate for the previous month, but 17.0% above February 2020. Housing starts fell 10.3% from January and were down 9.3% from February 2020. Housing completions rose 2.3% in February from the revised January estimate and 5.0% above February 2020.
Seasonal advanced estimates of retail and food service sales for February were $561.7 billion, a decrease of 3.0% from January, but 6.3% above February 2020. Retail sales were down 3.1% from January and up 9.5% from February 2020. Food services and drinking places sales were down 2.5% from January and down 17.0% from February 2020.

Seasonally adjusted initial unemployment claims were 712,000 for the week ending March 6, a decrease of 42,000 from the previous week’s revised level, which was increased by 9,000. The insured unemployment rate was 2.9% for the week ending February 27, a decrease of 0.2% from the previous week’s revised rate.

Read More: https://www.dol.gov/ui/data.pdf

Seasonally adjusted sales for merchant wholesalers were $531.7 billion in January, a 4.79% increase from the revised level for December and a 5.9% increase from January 2020. Wholesale sales of both durable goods and nondurable goods rose 4.9% in January compared to December.

Seasonally adjusted initial unemployment claims were 745,000 for the week ending February 27, an increase of 9,000 from the previous week’s revised level, which was increased by 6,000. The insured unemployment rate was 3.0% for the week ending February 20, a decrease of 0.1% from the previous week’s unrevised rate.

Read More: https://www.dol.gov/ui/data.pdf

The seasonally adjusted total value of construction put in place rose 1.7% in January from the revised level for December, and was up 5.8% from a year ago. Private residential construction value rose 2.5% from December and jumped 21.1% from a year ago.  Nonresidential private construction rose 0.9% in January from the previous month and was down 5.0% from a year ago.

Read More: https://www.census.gov/construction/c30/pdf/totsa.pdf

Seasonally adjusted initial unemployment claims were 730,000 for the week ending February 20 a decrease of 111,000 from the previous week’s revised level, which was decreased by 20,000. The insured unemployment rate was 3.1% for the week ending February 13, a decrease of 0.1% from the previous week’s unrevised rate.

Read More: https://www.dol.gov/ui/data.pdf

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Building permits for privately-owned housing units were at a seasonally adjusted annual rate of 1,881,000 in January, a 10.4% increase from the revised rate for the previous month, and 22.5% above January 2020. Housing starts fell 6.0% from December and were down 2.3% from January 2020. Housing completions fell 2.3% in January from the revised December estimate, but were 2.4% above January 2020.

Seasonally adjusted initial unemployment claims were 861,000 for the week ending February 13, an increase of 13,000 from the previous week’s revised level, which was increased by 55,000. The insured unemployment rate was 3.2% for the week ending February 6, unchanged from the previous week’s unrevised rate.

Read More: https://www.dol.gov/ui/data.pdf

Seasonal advanced estimates of retail and food service sales for January were $568.2 billion, an increase of 5.3% from December and 7.4% from January 2020. Retail sales were up 5.1% from December and 10.8% from January 2020, led by non-store retailer sales, which rose 28.7% from January 2020. Food services and drinking places sales were up 6.9% from December, but down 16.6% from January 2020.
ACTIONABLE INSIGHTS

Time-saving Economic Insights you need to wow clients and prospects.

Learn How