The slow reopen: Retail visits edge up, broader economic measures still unmoved
Economy And Jobs,Economic Policy,Business,Coronavirus
The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
Data from cellphone location firms Unacast and SafeGraph through last weekend both showed a continued slow rise in visits to retail stores. Data on around 55,000 small businesses from time management firm Homebase showed a few more firms open and more workers on the job.
The latest numbers are in line with both the gradual lifting of coronavirus-related restrictions across the country, and what many analysts expect to be a measured response among households and entrepreneurs until it is clear the virus is controlled.
In some cases, businesses are being allowed to open, but with capacity limits or other regulations to keep the virus in check.
A handful of major retailers have said sales recently have been helped by government emergency relief payments to U.S. households and those who have lost work.
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