Sunday, August 16, 2020

Work at home effects on businesses near former workplaces

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):

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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