Cleveland Fed District Data Briefs
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Were Fourth District Local Governments Ready for a Recession? How the Great Recession Influenced How Much They Save
Did the Great Recession give local governments a better idea of how much savings they needed to weather another economic downturn? To find out, our economists studied financial statements from 25 cities and 25 counties in the Fourth District at two points in time: the most recent statements available and at the close of the 2007, just before the Great Recession. Read More
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COVID-19 Mortality Rate Trends in Countries and US States
Building on our District Data Briefs on the coronavirus epidemic, this update examines the epidemic’s trajectories in several countries and US states. Read More
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Layoffs during the COVID-19 Pandemic: Four Findings from WARN Act Data
With economic conditions changing so rapidly during the COVID-19 pandemic, the standard layoff indicators that policymakers and analysts use are falling short. Worker Adjustment and Retraining Notification (WARN) Act data—a more timely indicator—reveal four findings about job loss during this pandemic. Read More
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How Much Help Do State and Local Governments Need? Updated Estimates of Revenue Losses from Pandemic Mitigation
The financial impacts of closed economies and orders to shelter in place are staggering. Our economist estimates state and local revenue losses for 2020 and explores three scenarios to determine what cuts will be necessary in 2021 to offset impending losses. Read More
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Estimates of State and Local Government Revenue Losses from Pandemic Mitigation
What’s the financial impact of closed economies and orders to shelter in place? Our economist examines state and local income taxes and sales taxes to find out. Read More
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A Speeding Rate Starts to Slow: COVID-19 Mortality Rates by State
In most US states, mortality rates grew more slowly between April 5, 2020 and April 12, 2020 than they did in prior weeks. However, “slower” does not mean “slow”—during that week, mortality rates doubled or more in 37 states. Read More
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Fourth District Business Response to COVID-19: Early Findings
The coronavirus outbreak has landed hard on economic activity in the Fourth Federal Reserve District. Based on the survey responses of more than 450 business contacts, this report summarizes the main findings related to the economic impact of COVID-19 in the Fourth District so far. Read More
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Getting to Accuracy: Measuring COVID-19 by Mortality Rates and Percentage Changes
Relying on confirmed cases to compare the trajectory of the COVID-19 epidemic in different countries has significant limitations. Measuring mortality rates and their percentage changes proves to be a superior way to track the progression of the disease. The method shows that, as of April 5, the epidemic in the United States has a similar mortality rate to those in Europe and is more deadly than in China and South Korea. Read More