Economy

Real-time data is showing that the coronavirus is causing ‘widespread’ economic damage

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Servers wear masks as musicians play in the street for patrons of the 1803 restaurant in lower Manhattan during phase 3 of the coronavirus pandemic on July 09, 2020 in New York.

Roy Rochlin | Getty Images

Surging coronavirus cases are showing up in both a slowdown of current economic activity as well as future plans, according to real-time data tracking things like job listings, dining out and vacations.

Restaurant traffic has plateaued after a quick rise when states began to reopen. Employers appear to be slowing in their attempts to fill open jobs. And an increasing number of people now say they will be staying home this summer, and even if they travel, most will do so by car rather than…



Source cnbc.com

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