WASHINGTON (Reuters) – The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year may have run its course.
Shifts worked at a variety of industries increased, and the pace of weekly shift growth through September moved back to 1% after falling over the summer, according to data from time management firm UKG https://www.kronos.com/about-us/newsroom/update-us-workforce-activity. Shifts across industries were approaching 95% of the levels at the start of the year, before efforts to control the spread of the coronavirus prompted widespread business closures in the spring.
Employment in real time: https://graphics.reuters.com/USA-ECONOMY/REOPENING/gjnvwxamxpw/chart.png
Estimates of retail traffic based on cellphone data moved above their March 1 level, before a state of emergency was declared, according to information from Safegraph https://www.safegraph.com/dashboard/covid19-commerce-patterns.
Estimates of national retail foot traffic from Unacast https://www.unacast.com/covid19/covid-19-retail-impact-scoreboard