@homebase_data

Insights and data from 100,000+ local businesses and 1M+ employees using @joinhomebase. Data requests? Send us a DM. Full data set here: https://xitter.cf/t.co/tLK5gKjEXA

 San Francisco | Houston
joinhomebase.com
Joined March 2020
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  • Following177
  • Followers759
108Media
homebase_data retweeted
Greg Iacurci@GregIacurci1 Sep 2021
Number of worker shifts falls in August as delta variant weighs on small businesses, per @homebase_data cnb.cx/3zHmcVu
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homebase_data retweeted
Daniel Zhao@DanielBZhao18 Aug 2021
The number of employees working has rolled over in late-July, based on @homebase_data. Some of the decline seems seasonal, but it may indicate slowing payroll gains in Aug, esp. for industries like leisure & hospitality disprop. represented in Homebase data h/t @jeffsparshott
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Goldman: "Our consumer spending tracker has declined moderately and now stands at 98.9% of the pre-virus level, down from an average of 101% in July. The softness in activity appears to be driven by renewed virus fears"
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Sales at restaurants were up in July, but more slowly than in the previous two months. Nominal sales now 9.1% above Feb. 2020 levels.
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homebase_data retweeted
Julia Pollak
@juliaonjobs9 Aug 2021
Baby woke up at 7am exactly, delaying my JOLTS thread. But here goes public.flourish.studio/visua…

JOLTS ALL

A Flourish data visualisation by Julia Pollak

public.flourish.studio
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Don’t expect those U.S. labor constraints to go away any time soon. Only 6% of economists expect U.S. labor shortages to abate by the end of 2021, in a @business_econ survey. bloomberg.com/news/articles/… via @markets @economics @readep

U.S. Labor Shortages, Price Pressures to Continue, Survey Shows

bloomberg.com
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homebase_data retweeted
U.S. Travel
@USTravel14 Jul 2021
NEW @TEglobaltravel data reveals the job growth rate is far too slow—L&H accounted for 11% of all pre-pandemic employment but comprises 32% of all jobs lost and not yet recovered through June 2021. Learn more⬇️ ustravel.org/news/despite-si…
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homebase_data retweeted
AlexBartik@AlexBartik9 Jul 2021
How have job posts and applications been evolving for small firms in retail, hospitality, and food services? @JesseRothstein, Marianne Bertrand, Fern Ramoutar, and @dsantoscar have been using @joinhomebase data to better understand the evolving labor market.
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From @homebase_data, work scheduling software company, earlier today: "States that announced an early end of [extra unemployment] benefits saw employment grow ~1.7% slower than states that did not end benefits early."
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Robert Kaplan and James Bullard say the time for the Fed to rethink its strong support for the economy is getting closer, if it hasn’t already arrived on.wsj.com/2SOGVGo

Fed’s Williams Not Ready to Pare Aid, but Other Officials Talk Tapering

New York Fed chief John Williams says the central bank is a ways off from achieving its job and inflation goals.

wsj.com
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8.6 million people filed continuing claims for unemployment benefits at the end of May. (That counts regular and extended benefits programs, but not PUA.) About to start dropping much faster as states cut off programs.
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530K new claims for unemployment insurance in week ending 6/12, up 19% from the prior week. Continuing claims down 4% to 14.8 million to week ending 5/29.
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FOMC today: 1) Near-zero rates 2) $120 billion bonds monthly pace 3) Lifts growth & inflation forecasts in SEP 4) Close call on 2023 rate liftoff in dot plot--could go either way 5) Some nod toward future tapering talk 6) IOER hike possible bloomberg.com/news/articles/… via @economics

Fed Debate Moves to Bond Taper and Liftoff: Decision-Day Guide

With inflation and economic growth accelerating this year, Federal Reserve Chair Jerome Powell and his colleagues may consider moving up a discussion on scaling back monetary stimulus and penciling...

bloomberg.com
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So you can see the reopening upending the retail sales numbers: Clothing sales up 200% y-o-y as people go back to offices; home and garden stores plunge 5.9% in May, presumably as home projects decelerate; restaurant and bar sales up 71% y-o-y.
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As of tomorrow, 45.8% of Americans aged 18-64 years (working-age) will be at least 2 weeks past their final COVID vaccination dose. We can see 2 weeks into the future on this and we will be at 48.6% on June 27, just shy of half.
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America was built by Main Street, not Wall Street. That’s why the FY22 #BidenBudget proposes historic investments & reforms to create a more inclusive economy that expands opportunities for all families to prosper. budget.house.gov/publication…
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homebase_data retweeted
Tyler Pager@tylerpager9 Jun 2021
SCOOP: The Biden administration is buying 500 million doses of Pfizer’s coronavirus vaccine to donate to the world. Biden will make the announcement at the G7. Story with @emilyrauhala. washingtonpost.com/politics/…

Biden administration to buy 500 million Pfizer coronavirus vaccine doses to donate to the world

The U.S. president plans to announce the vaccine-sharing plan at the Group of Seven summit in Britain this week.

washingtonpost.com
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Goldman goes to “8” on its economic re-opening index for the first time.
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homebase_data retweeted
CNBC
@CNBC8 Jun 2021
Job openings set new record of 9.3 million amid economic reopening cnb.cx/352I8fX

Job openings set record of 9.3 million as labor market booms

Job openings in April soared to a record 9.3 million as the economy rapidly recovered from its pandemic depths, according to the JOLTS report.

cnbc.com
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homebase_data retweeted
Diane Swonk@DianeSwonk7 Jun 2021
The overall recovery in employment will be nonlinear, with employment moving up in fits and starts. We sailed past the precrisis peak in overall GDP in the second quarter. Employment will take much longer to recoup. We are not expecting to hit the February 2020 peak until 2022.
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