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
