The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the United ...
The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the United States like a deep freeze - long-distance travel was hit early on, but eventually overall retail foot traffic slowed to a crawl, too.
According to Unacast's analysis, even states late to issue stay-at-home rules, such as Florida, have now seen large foot traffic declines, with only a few places, including South Dakota and Vermont, remaining close to their 2019 averages. The ongoing retail freeze is no surprise in the midst of the pandemic, and has gone on long enough to start showing up in conventional economic data. U.S. retail sales in March fell by a record 8.7per cent as social distancing rules and mandated shutdowns expanded with the health crisis.
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