New Brookings Metro Recovery Index Tracks Impact and Change Trajectory of COVID-19 Crisis for Various Metropolitan Areas

Brookings has launched the new Metro Recovery Index to show how “the impacts of the COVID-19 recession and the road to recovery differ widely across local economies.” According to the Index:

The Metro Recovery Index presents data across a variety of indicators to provide a picture of the impact of the crisis (compared to a pre-crisis state) and the trajectory of recent change, for both large and midsized U.S. metropolitan areas. The indicators track impacts and trajectories in three major categories: the labor market, the real estate market, and other areas of economic activity. Brookings Metro will update the tracker on at least a monthly basis as providers release new data, and provide related analysis through its blog The Avenue.

Readers can view the data in two ways: impact from pre-crisis baseline, and trajectory over the most recent month. Additionally, readers can select a metro area size class to view data for very large (at least 1M residents), large (500k to 1M residents), and medium-sized metro areas. (250k to 500k residents).

The sub indicators include:

Labor Market

  • Jobs
  • Unemployment Rates
  • Initial UI Claims
  • Jobs Postings

Real Estate Market

  • Active Listings
  • Median List Price

Economic Activity

  • Business Closures
  • Hours Reductions
  • Travel to Workplaces
  • Airport Passengers

Photo by Colton Sturgeon on Unsplash

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