Nationwide view
According to what we noticed in mid-February, Homebase’s three key Essential Avenue Well being Metrics continued to indicate a constructive development in comparison with January of 2022.
Volatility in our Essential Avenue Well being Metrics, nevertheless, continues to be
elevated in comparison with the pre-pandemic interval, as indicated within the graph beneath.
elevated in comparison with the pre-pandemic interval, as indicated within the graph beneath.
State and regional view
In most areas and states, hours labored in mid-March 2022 have been modestly decrease than the hours labored in mid-February 2022. Declines have been largely attributable to difficult comparisons as mid-February 2022 was notably robust because the financial system emerged and bounced again from Omicron.
Equally, most high 50 MSAs noticed a month-over-month lower in staff
working and hours labored. These decreases are largely attributable to the notable
energy noticed in these measures in mid-February given the bounce-back from
Omicron.
energy noticed in these measures in mid-February given the bounce-back from
Omicron.
Business view
As Omicron light and folks sought recreation and amusement exterior the house, hours labored by staff elevated in leisure, meals & drink, and hospitality. Hospitality confirmed notable energy because it outperformed the corresponding interval in 2019.
How has Homebase information been validated?
We’ve partnered with quite a lot of lecturers, researchers, and policymakers to validate and enhance our information. Listed here are a couple of examples:
- The St. Louis Federal Reserve instructed that Homebase information may very well be predictive of the roles stories
- Researchers at Drexel used Homebase information to estimate the “true” employment degree
- A crew at UChicago and Berkeley used Homebase information to indicate disparate impacts throughout completely different teams
The submit Essential Avenue well being: How did companies fare in March? appeared first on Homebase.
