Evolving Economy – COVID 2020-Q2 Data
The effects of the COVID-19 pandemic represent a structural shift to the U.S. economy. With major changes to employment levels and average wage rates plus stimulus checks and PPP loans, it is crucial that the most appropriate data is used for modeling during this time. With that in mind, IMPLAN is proud to announce the release of ground-breaking data and economic impact models for the COVID-19 era.
Accordingly, IMPLAN has used the best publicly available data from the second quarter of 2020 to produce an IMPLAN data set (U.S., state, county, congressional district, and zip code models) meant to represent the pandemic-altered 2020 U.S. economy. Our Data Team annualized the data set based on the second quarter of 2020, so the entirety of the data examines how the whole year would look based on the start of the pandemic. For some Industries, there are very high losses evident from anecdotal evidence as well as in the COVID 2020-Q2 Data.
The data set has the same data points and capabilities as regular annual IMPLAN data. Because of this, you can compare 2018 levels to the Evolving Economy – COVID 2020-Q2 Data to see differences in your Region. However, as with any data set, there are nuances and considerations to keep in mind when using the data and comparing it to other data years. For more information on what you’ll find in the Evolving Economy data set, read our blog post here.