The new Opportunity Insights Economic Tracker uses Burning Glass Technologies job posting data, along with other sources, to measure the impact of the coronavirus pandemic.
On the site, job posting data is presented alongside other economic sources, including consumer spending, small business statistics, unemployment claims, public health reports and remote learning information.
Data on the site shows that job postings fell more than 40% since January and that many key indicators, such as consumer spending and hours worked, started falling even before lockdown orders were imposed. In other words, the public started pulling back from economic activity even before they were required to do so.
Opportunity Insights is a research team based at Harvard University, with support from the Gates Foundation and Brown University.