My wife had a restaurant
near Chrysler headquarters
and product development,
from 1978 to 1992.
Chrysler employees
were her primary
customers.
Working at home was
not possible at the time,
but if it was, Chrysler
employees working from
home would have shut
down her business.
Unemployment is finally
declining but is still huge.
The BLS chooses to ignore
the unemployed people
receiving federal benefits
(red) with their own
unemployment numbers
(in blue):
Unemployment is finally
declining but is still huge.
The BLS chooses to ignore
the unemployed people
receiving federal benefits
(red) with their own
unemployment numbers
(in blue):
Foot traffic to
“Places of Commerce,”
have been hit hard
by work at home rules.
AEI released a weekly
Foot Traffic Index
for 40 metro areas
in the US, based on
cellphone GPS data
from Safegraph.com.
The seven-day moving
average tracks daily visits
to “points of interest,”
such as stores, malls,
restaurants, hotels,
movie theaters, airports,
hospitals, other places
of commerce, and visits
from employees.
Each line in the chart below
represents one of the
40 metros.
It compares foot traffic
in the current week
to where foot traffic was
in the week ended January 15.
100% would mean foot traffic
is back at its January 2020 level.
Some of the 40 metro areas
are shown below
( comparing foot-traffic
percentages in the week
ended August 9, and the
foot traffic percentages
during the low point
for that metro area ):
Metro Week
Area to Aug 9. Trough
Atlanta, GA 67% 34%
St. Louis, MO 66% 35%
Detroit, MI 65% 25%
Chicago , IL 64% 30%
Minneapolis 63% 30%
Dallas, TX 62% 33%
San Diego, CA 59% 27%
Baltimore, MD 57% 32%
Portland, OR 56% 34%
Philadelphia, PA 56% 29%
Seattle, WA 55% 32%
Boston, MA 54% 25%
Washington, DC 53% 29%
Las Vegas, NV 53% 22%
New York, NY 53% 24%
Los Angeles, CA 47% 26%
Miami, FL 47% 26%
San Francisco, CA 43% 25%
San Jose, C 42% 25%
Working-from-home numbers
can be tracked by collecting
data from access control systems,
such as keycards, key fobs,
and access apps.
Kastle Systems provides access
systems for 3,600 buildings and
41,000 businesses in 47 states.
They have been releasing
a weekly Back to Work Barometer,
based on the data from its access
systems in 10 large metro areas.
Office occupancy collapsed
in March and April, to around
15% of normal. as measured
by employees entering the office.
A mild recovery stalled in mid-June.
The average is now 22.6%.
The New York metro area
was the lowest at 11.7%.
San Francisco was 13%.
Foot traffic into
the security zones
of airports –
the TSA’s
daily checkpoint
screenings --
are is still down
about 70%
from a year ago.
Tourists from overseas
are not coming to the US.
Google moved its
return-to-the-office-date
to at least July 2021.
Restaurants are usually open
for outdoor dining, take-out,
or delivery, but business
is slow.
Fitness centers
and pools
are closed.
Many small businesses
are in big trouble.
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