COVID-19 Reproduction Rate, Aviation Industry Losses, US Racial Inequality on Corporate Level

Everyone is waiting for good news, but it is hard to come by. COVID-19 is resurging, with the average number of secondary infections in several dozen countries likely to increase exponentially. The commercial aviation industry continues to show negative growth even looking ahead to 2021. US retirement account balances took a beating in the first quarter as the economy went downhill. Knoema can offer a thin silver lining with data and dashboards to help you make better decisions amidst the chaos and uncertainty. Have a topic you would like Knoema to highlight? Contact us at [DataDriven@knoema.com](mailto:datadriven@knoema.com). From the Headlines With the number of new COVID-19 cases topping 50k per day on July 1, business closures and mask requirements are returning across the US. [Read more]( On average, every day of 2020 will add $230 million to aviation industry losses. That’s a total loss of $84.3 billion. [Read more]( 401k, IRA, and 403b retirement account balances dropped by 19%, 14%, and 19%, respectively, in Q1 2020 compared to Q4 2019. [Read more]( Data Driven Stories [Racial inequality]( has been at the forefront of recent headlines in the United States. And, according to data published in June by Revelio Labs, corporate America continues to struggle with the same issue. [Read on]( As of June 25, 61 of the 92 countries measured by EpiForecasts had a COVID-19 reproduction factor above one—indicating that the number of cases is likely to increase exponentially—and 38 countries saw an increase in this number compared to one month ago. [Read on]( Interested in what Knoema can do for your organization? [Get on a call]( Insights Around the Web Tesla Inc. has displaced Toyota Motor Corp. as the world’s most valuable automaker even though its production levels are a fraction of Toyota’s levels. In Q1 2020, Tesla produced 103,000 vehicles or just 4% of the almost 2.4 million made by Toyota…  [Bloomberg]( The global labor market has deteriorated further in recent weeks, especially in developing countries. During Q1 2020, an estimated 5.4% of global working hours (155 million full-time jobs equivalent) were lost relative to Q4 2019. Working-hour losses for Q2 2020 relative to the last quarter of 2019 are estimated to reach 14% worldwide (400 million full-time jobs equivalent)…  [ILO]( The sharp increase in confirmed coronavirus cases in the US Sun Belt has led investors to worry about renewed broad lockdowns with large negative effects on US GDP. Wearing face masks could potentially substitute for lockdowns and save nearly 5% of US GDP…  [Goldman Sachs]( Credit card spending data shows that health concerns hit consumer spending in the US much more than a loss of income or purchasing power. Two-thirds of the reduction in consumer spending resulted from reductions by high-income households primarily on services that require in-person interactions. Meanwhile, households in the bottom 25 percent continued to spend at the same levels they had before the crisis…  [Opportunity Insights]( Alt Data Discoveries[86854d02-0d5f-4ccc-931c-7b0bb359a7aa.png] [Profound Networks]( tracks the number of hyperlinks and subdomains that are connected to companies to provide insight into online visibility. 5+ years of history and 300+ million unique domains covered. Need a guide through the world of alternative data? Contact pchan@knoema.com. New Data at Knoema Mobility and Engagement Index in U.S. Federal Reserve Bank of Dallas The MEI was -40.9 in the last week of June, up from -100 in early April, indicating the US is moving towards normal mobility behaviors. [More data]( Coincident Indexes for U.S. States Federal Reserve Bank of Philadelphia The Coincident Economic Activity Index ticked up 2.5% in May but remains 9.4% below its March level. [More data]( Stay well. Charles Poliacof CEO, Knoema [knoema.com]( [Twitter]( [Facebook]( [Website]( Copyright © 2020 Knoema. All rights reserved. You are receiving this email because you are a registered Knoema user. Our mailing address is: Knoema 31 East 32nd Street 4th FloorNew York, NY 10016 [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.