Today’s Numbers: The COVID Economy

Scott Tong May 22, 2020
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Kira-Yan/Getty Images

Today’s Numbers: The COVID Economy

Scott Tong May 22, 2020
Kira-Yan/Getty Images

As of 10:00 a.m. Eastern time, May 22, 2020 (we’ll update every weekday morning).

“The leading economic indicator is … the virus.” More than one analyst has put it to us this way. As we try to understand and quantify this unprecedented global economic collapse — and now the attempted restart — we’re following key metrics for COVID-19 and the broader economy.

Welcome to Marketplace’s daily, at-a-glance update.

U.S. COVID-19 deaths reported yesterday: 1,513 (rising)

U.S. COVID-19 daily deaths reported seven days prior: 1,908

Daily new tests reported, U.S.: 408,415 (falling)

Existing home sales, April: -17.8%

Hong Kong stock exchange today: -5.6% (worse since 2015)

Consumer spending on groceries during pandemic: +400%

Source: Visual Capitalist

 Air pollution (NO2), northeastern U.S, before and after the stay-at-home orders

Source: NASA

Keep in mind: The tally of COVID-19 cases represents only the ones that are documented. Since many remain untested, surely the real number is higher.

Our main trusty sources: World Health Organization, Centers for Disease Control and Prevention, Johns Hopkins University, Our World in Data (based on WHO data, Covid Tracking (scientist/journalist collaboration), GasBuddy.

COVID-19 Economy FAQs

When does the expanded COVID-19 unemployment insurance run out?

The CARES Act, passed by Congress and signed by President Donald Trump in March, authorized extra unemployment payments, increasing the amount of money, and broadening who qualifies. The increased unemployment benefits have an expiration date — an extra $600 per week the act authorized ends on July 31.

Which states are reopening?

Many states have started to relax the restrictions put in place in order to slow the spread of COVID-19. Although social-distancing measures still hold virtually everywhere in the country, more than half of states have started to phase out stay-at-home orders and phase in business reopenings. Others, like New York, are on slower timelines.

Is it worth applying for a job right now?

It never hurts to look, but as unemployment reaches levels last seen during the Great Depression and most available jobs are in places that carry risks like the supermarket or warehouses, it isn’t a bad idea to sit tight either, if you can.

You can find answers to more questions here.

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