Journal Article

COVID-19 Stuns U.S. and Tenth District Economies, but Both Show Signs of Stabilization

Abstract: COVID-19 and attempts to slow its spread have led to a decline in economic activity unprecedented in both severity and speed. Although every part of the United States experienced dramatic decreases in activity, states in the Tenth Federal Reserve District, with lower COVID-19 cases as a percentage of the population, have fared slightly better. More recently, national and regional measures of business and consumer activity have improved but remain well below pre-pandemic levels.

Keywords: Tenth Federal Reserve District; Economy; Pandemic; Employment; Consumer Spending; COVID-19;

JEL Classification: E20; E24;

Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2020-06-17

Pages: 4