A lot of people track the economy using the monthly numbers on jobs and the housing market. The only problem with most of that data is that it takes time to reflect the trends it is tracking.
And right now, everyone wants to know how the economy is being affected by COVID-19 — in real time. Bill McBride of the website Calculated Risk has been keeping a very close eye on the impact of the coronavirus outbreak, and he has chosen a few alternative indicators that are released weekly, reflecting very recent economic activity, and offer a sense of how people and businesses are responding to the epidemic.
Indicators referenced in the show:
High Frequency Data: Movie Box Office
US Hotel Results For Week Ending 29 February
Unemployment Insurance Weekly Claims
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Tracking The Impact Of Coronavirus In Real Time - NPR
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