Data

Timeline

Graphs

These graphs are designed to show the trends of Covid-19 in the US and its effect on the economy over time. The intervals on the y-axis are set so that the data lines can be seen in relation to each other over time. Hover over any data point to see the exact number and compare the different graph(s) on the plot. Click on a graph label to remove it from the current chart and isolate what you want.

Daily Covid Cases VS Covid Deaths



Beginning in March 2020, Covid-19 rapidly swept the United States. By April 1st, over 22,000 people contracted the virus and over had 750. The death rate when Covid-19 began was extreme, as nobody knew how to combat it. Throughout the year, the virus continued to spread. It would spike, slowly decline, and then spike harder each time. When the holidays came around in the fall and leading into winter, the virus took off, exceeding 250,000 daily cases. Deaths from the virus followed, reaching a height of over 3,000 deaths per day during most of January 2021. After the most significant spike the US has seen, cases and deaths have continued to fall at a fast rate, helping by creating reliable vaccines.

Daily Covid Cases VS Covid Vaccines







In mid-December the first Covid-19 vaccines were approved and distributed across the United States. Notice on the graph, despite "Covid Cases" being above the "Covid Vaccines", by the new year more vaccinations were given per day than there were Covid-19 cases. The graph shows us that as vaccinations rolled out, and increased in volume every day, the number of daily Covid-19 cases reduced dramatically.


Weekly Covid Cases VS Initial Jobless Claims







Initial jobless claims are people filing for unemployment for the first time and people who have stayed unemployed since their first claim.The declaration of a national emergency on Covid-19 on March 13, 2020, followed by stay-at-home orders, led to a dramatic increase in unemployment. The spike in initial jobless claims follows the first wave of Covid-19. Initial jobless claims steadily lowered after the primary peak and through new waves hitting the US.

Gross Domestic Product 2008/09 VS 2019/20



The 2008 recession was based on a multibillion-dollar bubble rooted in the housing market and growing for years. Once that bubble "burst," there was an economic crisis that compromised the finical system's stability. The economy leading up to 2020 appeared to be stable and moving in an upwards trend. When Covid-19 was detected in the US in March 2020, there was immediate panic. The graph shows that the GDP decrease in 2008/2009 was not nearly as significant as the sharp decrease in 2019/2020. The government's relatively quick action implementing the Cares Act and structures already in place from monetary and fiscal policies in 2020 helped the economy regained stability quicker than in 2009.

Gross Domestic Product VS Real Personal Consumption Expenditures



Before March 2020, the FED was moving towards increasing the interest rate. When the pandemic influenced the economic crisis, the FED dropped all interest rates to zero to stimulate the economy. The gross domestic products (GDP) and personal consumption expenditures (PCE) dropped after the first quarter in 2020. On March 26, the Senate passed the cares act in hopes of stimulating the economy. The Cares Act included stimulus checks, increased unemployment benefits, small business loans, and more to ensure people had money to spend or not lose their jobs. The later months in 2020 showed positive signs for the economy as the GDP and consumer spending rose.

Labor Force Participation By Gender and Race

The labor force participation rates broken down by gender and race provide a deeper understanding of who was affected the most during the pandemic. The following is the change in percentage from January to April 2020: Hispanic 4.5%, Black 4%, Men 3.3%, Women 3.2%, and White 3.1%. If you were to collect this data from the highest participation rate in 2020, the rate of change would increase to 4.8% for Hispanics and 4.5% for Black. After the initial lockdown began to ease, people slowly went back to work. Labor force participation has still not reached the percentage each gender and race were in January 2020 over a year later. However, in the past 20 years, labor force participation has been on a steady decline showing no indications that there is reason to believe the January 2020 percentages would be met. *see addition data here

Unemployment Rates U-3 VS U-6



U-3 is the most commonly reported rate of unemployment in the United States. This measures the number of people who are jobless and seeking employment. U-6 includes everyone not accounted for in the U-3 rate - discouraged, underemployed, and unemployed workers in the country. U-3 excludes people who are working part time that want to be working full time,
U-3 = unemployment/labor force
U-6 = unemployment +marginally attached + part time for economic reasons / labor force + marginally attached
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