Our COVID-19 dashboard is no longer updated as of February 2022. For more up-to-date regional economy data, please visit our Regional Economic Indicators dashboard.
The COVID-19 pandemic inflicted enormous human and economic costs on the Ninth District, nation, and world. The Federal Reserve Bank of Minneapolis is charged with closely monitoring economic conditions in our region so that local and national policymakers can make informed policy choices.
Given rapidly changing conditions, the Federal Reserve Bank of Minneapolis continues to monitor a variety of daily and weekly data sources to more accurately assess economic developments in real time, some of which are displayed below. Please check back for frequent updates and new indicators.
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Selected real-time economic indicators: Ninth District COVID-19 statistics
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Selected real-time economic indicators: Inequality
The pandemic is hitting low-income and minority populations especially hard. These measures document key economic disparities across geographies and demographic groups.
Change in consumer spending by income
Change in employment by wage
Census Household Pulse Survey
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“Hispanic” is defined as Hispanic, Latino, or Spanish origin of any race. “White,” “Black,” and “Asian” are defined as each race alone and not of Hispanic, Latino, or Spanish origin. “Other” is defined as any other race alone (including Native American) or a combination of two or more races, and not of Hispanic, Latino, or Spanish origin. “Ninth District” is defined as Minnesota, Montana, North Dakota, South Dakota, and Wisconsin.
Selected real-time economic indicators: Mobility and transportation
Google Mobility Reports
Location data from cell phones provide insight into how people are physically engaging with different sectors of the economy. The large declines in March reflected people staying at home, while the upward trends since reflect increased mobility. Keep in mind that location is not spending; getting out more doesn’t always imply spending more.
Selected real-time economic indicators: Labor and Small business
Real-time insights into the devastating impact of the crisis on labor and small business conditions are essential for the Federal Reserve. Labor markets are recovering throughout the Ninth District.
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Notes
1 Our World in Data (OWID) defines fully people vaccinated as individuals who received “all prescribed doses” (Our World in Data). US is a summation of all 50 states, DC, territories, and federal entities. Q3-2021 resident population is used for total population (all ages). OWID’s data for weekends and holidays are missing so we interpolated missing data. MN and ND made updates to the data on Nov 4, 2021 and Nov 10, 2021 respectively, resulting to increases in dosage in both states.
2 Q3-2021 resident population to calculate per thousand. MN, MT, SD, WI, and US positive cases include confirmed and probable cases. Includes the 50 states, D.C., and the U.S. territories American Samoa, Guam, Northern Mariana Islands, Puerto Rico, Virgin Islands, Federated States of Micronesia, Republic of the Marshall Islands, and Republic of Palau. US data is aggregated from state-level data.
3 Q3-2021 resident population to calculate per million. MN, ND, SD, WI and US deaths include reported confirmed and probable deaths. Includes the 50 states, D.C., and the U.S. territories American Samoa, Guam, Northern Mariana Islands, Puerto Rico, Virgin Islands, Federated States of Micronesia, Republic of the Marshall Islands, and Republic of Palau. US data is aggregated from state-level data.
4 Compared to consumer spending in January 4-31, 2020. Income distribution refers to consumer spending living in ZIP codes with low, middle, or high median income. The most recent data point is the weekly average. Prior to the most recent week, the data series is daily. The last few weeks of data points are subject to potential revisions.
5 Compared to January 4-31, 2020. Opportunity Insights defines low-wage as <$27K, medium-wage as $27K - $60K, and high-wage as >$60K. Opportunity Insights did not report SD employment by wage, MT middle- and high-income employment, and ND low and high-income employment.
6 Lines show percent of adults who did any work for pay or profit in the past 7 days.
7 Lines show percent of adults who live in a household where members sometimes or often did not get enough to eat in the past 7 days.
8 Lines show percent of adults who live in a household where someone received a free meal or free groceries in the past 7 days.
9 From April '20 to July '20, lines show percent of adults who own a home with a mortgage/loan or who rent and did not pay last month’s mortgage/rent on time or deferred the payment. From August '20 onward, lines show percent of adults who own a home with a mortgage/loan or who rent and are not currently caught up on their mortgage/rent payments.
10 Compared to median day-value from the 5-week period in Jan 3-Feb 6, 2020. We used Hennepin County data as a proxy for Minneapolis.
11 Compared to median day-value from the 5-week period in Jan 3-Feb 6, 2020. There is missing data from August 17th to September 10th for MT, ND, and SD. We used Hennepin County data as a proxy for Minneapolis.
12 Compared to median day-value from the 5-week period in Jan 3-Feb 6, 2020. There is missing data from August 17th to September 10th for SD. We used Hennepin County data as a proxy for Minneapolis.
13 Transit service suspended mid-day 5/28 and resumed partial service 6/3. Full service resumed 6/5. A Light Rail shutdown project impacted both ridership and data collection the first week of August 2021. Data does not include State Fair routes.
14 Compared to 2019