Five Charts That Track The U.S. Economy As States Reopen
As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.
Though many restrictions remain in place across the country, Americans are gaining a greater sense of normalcy as they venture out to restaurants, increase travel and buy new homes.
These charts track five key indicators that signal a growing revival of the economy as consumers resume familiar routines and move forward from lockdown measures and business closures.
Americans are starting to drive and walk again, though transit use is lagging
Apple Maps is often a go-to navigation app for many travelers. However, with stay-at-home orders implemented throughout the majority of the U.S. in March and April, many Americans could only venture out for essential reasons, such as a trip to the grocery store. Data from Apple shows a sharp decline in requests for directions on Apple Maps during the early stages of pandemic as lockdown measures were put in place.
As states began to ease travel restrictions, data shows an increase in requests for walking and driving directions. With retailers, beaches, parks and other places reopening, travelers have had more places to visit these past few weeks.
However, requests for transit directions still remain at less than half of their previous levels. As employees continue to work from home and travelers remain fearful of catching the virus in crowded subway cars, buses and trains, public transportation may not be an ideal option yet for many commuters.