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UNEMPLOYMENT RATES FALL IN 30 STATES IN SEPTEMBER

Key Points: Unemployment rates fell in September in 30 states, rose in 8 states, and remained stable in 12 states as the U.S. unemployment rate fell by 0.5% points over the month to 7.9%. Hawaii had the highest unemployment rate at 15.1%, followed by Nevada at 12.6%, and California at 11%. 34 states had jobless […]

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RETAIL SALES SPIKE IN SEPTEMBER, SMASHING EXPECTATIONS

Key Points: September retail sales increased 1.9% from August, beating the 0.7% increase expected by economists. Auto sales, which account for 20% of all retail sales, spiked 3.6% in September. Excluding auto sales, retail sales grew by 1.5%, also well above the 0.5% consensus. Clothing and accessories saw the largest gains, rising by 11%, and […]

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MORE MANUFACTURING JOBS WERE LOST DURING PREVIOUS ADMINISTRATION

Key Points: The chart above compares the change in Manufacturing employment during the current and previous administrations. During the previous administration, manufacturing employment decreased by 508K. During the current administration, manufacturing employment has decreased by 151K. Prior to April’s downturn due to COVID-19, 496K manufacturing jobs had been added. Since April, manufacturing employment has consecutively […]

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COMPARING BIDEN AND TRUMP TAX PLANS

Key Points: Joe Biden’s proposed tax policy has been released. The chart above compares the proposed plan against Trump’s existing tax policies. While these figures use the highest rates across the four categories, Biden’s plan would increase taxes across the board. Biden has pledged not to raise taxes for Americans with income under $400K, but […]

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NYC SHOOTINGS UP 130.3% IN SEPTEMBER

Key points: Violent crime continues to surge in New York City in 2020 compared to 2019. As of September 27, New York City has had 337 murders and 1,417 shooting victims. At the same point in time last year, New York City had 241 murders and 713 shooting victims. In September alone, 152 people were […]

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INCOME INEQUALITY DECLINED UNDER CURRENT ADMINISTRATION

KEY POINTS: The U.S. Census Bureau released data on income inequality and poverty in 2019. One metric that economists use to measure income inequality is the Gini Coefficient where a higher value indicates more inequality. The chart above compares the change in the Gini Coefficient between 2008 and 2016 against the change from 2016 to […]

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REAL MEDIAN INCOME ROSE BY A RECORD 6.8% IN 2019

KEY POINTS: Real median income rose by 6.8%, or $4,400, to $68,700 in 2019. This was the largest increase in real median household income on record. Median household income grew by 5.9% for White Americans, 7.1% for Hispanic Americans, 7.9% for African Americans, and 10.6% for Asian Americans. Since 2019, median household income has risen […]

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UNEMPLOYMENT RATES FALL IN 41 STATES IN AUGUST

Key Points: Unemployment rates fell in August in 41 states, rose in 2 states, and remained stable in 7 states as the U.S. unemployment rate fell by 1.8% points over the month to 8.4%. Nevada had the highest unemployment rate in August at 13.2%, followed by Rhode Island at 12.8%, and Hawaii and New York […]

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SHOOTINGS UP 168.4% LAST WEEK IN NYC

Key points: Violent crime continues to surge in New York City in 2020 compared to 2019. As of September 6, New York City has had 305 murders and 1,288 shooting victims. At the same point in time last year, New York City had 226 murders and 653 shooting victims. In the last week alone, 14 […]

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UPDATE: CHICAGO MURDERS UP 52% IN 2020

Key Points: Chicago Police Department statistics continue to show a spike in murders and shootings in 2020 compared to the same time period in 2019. As of August 30, Chicago had 2,152 shootings and 505 murders. At the same time last year, Chicago had 1,413 shootings and 333 murders. In the week of August 24 […]

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NEW HOME SALES RISE 13.9% IN JULY

Key Points: New home sales rose 13.9% to a seasonally adjusted annual rate of 901K units last month, the highest since December 2006. This was well above economists’ estimate of a 1.3% increase. June’s new home sales was also revised to 791K units from the previously reported 776K units.

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MENTAL HEALTH DURING COVID-19

Key Points: 40.9% of Americans are suffering with at least one mental health condition, substance abuse, or suicidal thoughts during the COVID-19 Pandemic, according to a survey conducted by the CDC. 10.7% of respondents said they have seriously considered suicide in the last 30 days. 13.3% of respondents said they have started or increased substance […]

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U.S. RETAIL SALES ROSE 1.2% IN JULY

Key Points: July retail sales increased 1.2% from June for the third consecutive monthly increase. While lower than expected, retail sales have returned to pre-pandemic levels. Electronics stores saw the largest spike at 22.9%. Restaurants and bars also increased 5.0% in July, a positive sign of recovery.

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HOMICIDES UP 24% IN 50 LARGEST U.S. CITIES

Key Points: A Wall Street Journal analysis of crime statistics among the nation’s 50 largest cities found that homicides were up 24% so far this year. The chart above shows the percentage change in total homicides in 2020 compared with 2019 in the 15 largest U.S. cities Austin, Chicago, and Fort Worth have seen the […]

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UPDATE: CHICAGO MURDERS UP 52% IN 2020

Key Points: Chicago Police Department statistics continue to show a spike in murders and shootings in 2020 compared to the same time period in 2019. As of July 26, Chicago had 1,727 shootings and 433 murders. At the same time last year, Chicago had 1,170 shootings and 284 murders. In the week of July 20 […]

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A FEW STATES HAVE RUN PERSISTENT DEFICITS PRIOR TO COVID-19

Key Points: Lawmakers are contemplating providing financial assistance to state and local governments in the next stimulus bill. Most states balanced budgets or ran surpluses. Some, however, did not. The map shows how many annual budget deficits each state ran between 2009 and 2018. The data predate anything related to COVID-19. Persistent deficits as well […]

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PENDING HOME SALES UP 16.6% IN JUNE

Key Points: U.S. pending home sales increased in June for the second consecutive month. Relative to June 2019, they’re up 6.3%. Relative to May 2020, they’re up 16.6%. All four regions of the country saw growth in June, but year-over year growth varies. The Northeast grew 54.4% in June, but still down 0.9% from a […]

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STRICTER STATE LOCKDOWNS MAY NOT IMPROVE CASE FATALITY RATES

Key Points: Stricter state lockdowns may not improve COVID-19 case fatality rates. States that never shutdown or re-opened in June have the highest case fatality rates. States that re-opened in April have the lowest case fatality rate, followed by states that re-opened in May. Key Points: Connecticut, New Jersey, and Michigan have the highest case […]

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UPDATE: U.S. YOUTH MORTALITY HITS HISTORIC LOWS

Key Points: Youth mortality is at the lowest point in the last 5 years. As of June 23, CDC reports 15,202 deaths from Americans younger than 18. The average number of deaths for this demographic at this point in time over the last 4 years is 17,144. Relative to average, 2020 youth mortality is down […]

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CHICAGO MURDERS UP 48% IN 2020

Key Points: Chicago Police Department statistics show a spike in murders and shootings in 2020, compared to the same time period in previous years. As of July 12, Chicago had 1,541 shootings and 385 murders. At the same time last year, Chicago had 1,059 shootings and 260 murders. The trend in both murders and shootings […]

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U.S. OVERDOSES UP 42% IN MAY

Key Points: Overdoses continue to increase during COVID-19. Compared to the previous year, overdoses increased 16% in February, 18% in March, 29% in April, and 42% in May. For every 10 overdoses reported in May 2019, 14 overdoses were reported in May 2020.

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NYC HOMICIDES UP 21% IN 2020

Key Points: NYPD statistics show a spike in homicides and shootings in the first six months of 2020, compared to the same time period in 2019. NYC saw a 21% increase in homicides, 46% increase in shooting incidents, and 53% increase in shooting victims. Key Points: As of June 30, NYC had 528 shooting incidents, […]

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EUROPEAN COUNTRIES FACING THE HIGHEST COVID-19 DEATH RATE

Key Points: As global COVID-19 cases approach 12M, some European countries’ deaths per capita remains high. San Marino, Belgium, Andorra, U.K., Spain, Italy, Sweden, and France have the top 8 highest deaths per capita globally. Each of these European Countries has at least 45 deaths per capita. Key Points: United States holds the 9th spot […]

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44.6% OF CALIFORNIA COVID-19 CASES ARE IN LOS ANGELES COUNTY

Key Points: While positive cases have increased in California, the positive test rate has remained below its peak. Of the 4.17M tests conducted in California, more than 3.94M have been negative. Overall, California’s positive test rate is 5.65% and has remained under 6% since May 22nd. Key Points: 44.60% of California’s COVID-19 cases and 55.38% […]

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43% OF U.S. COVID-19 DEATHS OCCURRED IN NURSING HOMES

Key Points: Nursing Homes have seen at least 282,000 COVID-19 cases and 54,000 deaths. 24 states have had more than 50% of COVID-19 deaths occur in nursing homes. New York, New Jersey, Massachusetts, Pennsylvania, and Illinois have the highest number of deaths. Overall, 43% of COVID-19 deaths have occurred in nursing homes.

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A FEW TEXAS COUNTIES COMPRISE MOST COVID-19 CASES

Key Points: While positive cases have increased in Texas, the positive test rate remains low. Of the 1.66M tests conducted in Texas, 1.53M have been negative. Overall, Texas’ positive test rate is 7.95% and has remained under 8% since May 3rd. Key Points: 10 Counties account for 64.3% of Texas’ COVID-19 cases. Only Harris, Dallas, […]

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COVID-19 POSITIVE TEST RATES REMAIN LOW IN MOST OF THE U.S.

Key Points: Despite an increase in positive tests, positive test rates remain low in the majority of U.S. states. The U.S. average positive test rate is 8.56%, with 20 states above the average. Massachusetts, New Jersey, Maryland, D.C., Pennsylvania, Connecticut, and New York have the highest positive test rates. The Right Facts will continue to […]

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RETAIL SALES REBOUND 17.7% IN MAY, BREAKING RECORD

Key Points: May retail sales increased 17.7% from April, exceeding the 8% forecast by Dow Jones. This was the largest increase in month-over-month growth ever recorded, well above the previous record of 6.7% from October 2001. Clothing stores saw the largest spike at 188%. Food services and drinking establishments saw a 29.1% increase in May, […]

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D.C. AND NEW YORK LEAD IN POLICE EXPENDITURES PER CAPITA

Key Points: The map above shows the state expenditures on Police, per capita. The District of Columbia, New York, and Alaska have the highest expenditures per capita. Kentucky, West Virginia, and Arkansas have the lowest expenditures per capita. Overall, U.S. states spend $354 per capita on police, or 3.74% of their total expenditures.

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UPDATE: PAYCHECK PROTECTION PROGRAM PER CAPITA, STATE-BY-STATE

KEY POINTS: The Paycheck Protection Program (PPP) offers loans for businesses so that they can avoid layoffs, protecting worker paychecks. The map shows the total amount of PPP lending approved for businesses in each state, per capita after both rounds of payouts. These values, in effect, represent the average amount of PPP credit approved per […]

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2020 U.S. YOUTH MORTALITY REACHES A HISTORIC LOW

Key Points: Mortality as of week 18 reached the lowest point in the last 8 years. The average number of deaths for this demographic over the last 7 years is 12,530. Relative to average, youth mortality as of week 18 is down 18% in 2020. The Right Facts will continue to highlight anomalies in mortality […]

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UPDATE: STATE-BY-STATE EIP PAYMENTS PER CAPITA THROUGH MAY 8

KEY POINTS: Amid fallout from COVID-19, the IRS has disbursed payments to American households throught the Economic Impact Payments (EIP) program. The map shows state-by-state EIP payments per person through May 8. These per capita averages have likely increased, as EIP payments continued past May 8. ECONOMIST CORNER: The federal government has a number of […]

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UPDATE: NEW UNEMPLOYMENT CLAIMS, STATE-BY-STATE

KEY POINTS: New unemployment claims have surged in recent weeks. For each state, the chart shows the ratio of initial unemployment claims filed in the most recent week for which the data offer full coverage (ending in April 25th) to the number filed in the first week of full coverage in 2020 (ending January 11th). […]

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UPDATE: U.S. MORTALITY RATE BY STATE

KEY POINTS: While mortality is down for the majority of the U.S., state-level variation persists. Some states have experienced mortality declines. But others have observed increases. The Right facts will continue to provide updated maps to show this state-level data.

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STATE-BY-STATE EIP PAYMENTS PER CAPITA THROUGH APRIL 17

KEY POINTS: Amid fallout from COVID-19, the IRS has disbursed payments to American households throught the Economic Impact Payments (EIP) program. The map shows state-by-state EIP payments per person through April 17. These per capita averages have likely increased, as EIP payments continued past April 17. ECONOMIST CORNER: The federal government has a number of […]

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THE HISTORIC COLLAPSE OF AMERICAN WORK

KEY POINTS: Economists have estimated recent declines in employment. One estimate indicates 52.2% of Americans were employed in April. If this estimate is correct, the share of Americans employed is the lowest on record. The chart shows this estimated value for April along with historical data through March 2020. ECONOMIST CORNER: Official labor force metrics […]

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U.S. ALCOHOL NOW BREAKING AWAY IN SALES GROWTH

Key Points: Sales of consumer staples grew heavily due to uncertainty over Covid-19. Alcohol followed a similar pattern in March. However, alcohol has seen more growth in sales through April. ECONOMIST CORNER: The lockdowns in response to COVID-19 have raised concerns of increases in substance abuse. This data on sales of alcohol relative to consumer […]

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SOME STATES HAVE RUN DEFICITS FOR THE LAST 10 YEARS

Key Points: Ten fiscal years comprise the timeframe spanning 2009 through 2018. The map shows how many annual budget deficits each state ran between 2009 and 2018. Persistent deficits as well as unforseeable events contribute to a state’s fiscal situation. 2018 is the most recent year for which comprehensive state budget data are available.

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NEW UNEMPLOYMENT CLAIMS, STATE-BY-STATE

KEY POINTS: New unemployment claims have surged in recent weeks. For each state, the chart shows the ratio of initial unemployment claims filed in the most recent week for which the data offer full coverage (ending in March 28th) to the number filed in the first week of full coverage in 2020 (ending in January […]

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THE PAYCHECK PROTECTION PROGRAM: PER CAPITA, STATE-BY-STATE

KEY POINTS: The Paycheck Protection Program (PPP) offers loans for businesses so that they can avoid layoffs, protecting worker paychecks. The map shows the total amount of PPP lending approved for businesses in each state, per capita. These values, in effect, represent the average amount of PPP credit approved per person in the state. The […]

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UPDATE: U.S. MORTALITY RATE BY STATE

Key Points: While overall mortality is down in the U.S., state-level variation persists. Some states have experienced mortality declines. But others have observed increases. The Right facts will continue to provide updated maps to show this state-level data.

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2020 MORTALITY RATE LOWER THAN PREVIOUS YEARS, SO FAR

KEY POINTS: Overall mortality in the U.S., year-to-date, is significantly down in 2020 relative to previous years. At this point in the calendar year, there have been: 35,000 fewer deaths than in 2019, 67,000 fewer than in 2018, and 40,000 fewer than in 2017. The data are from the Center for Disease Control’s National Center […]

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$2 TRILLION STIMULUS INCLUDES RELIEF FOR SMALL BUSINESSES

KEY POINTS: Early this morning, the Senate leaders announced an agreement on a $2 trillion stimulus package as the country grappled with COVID-19. The package will include $367 billion for loans to small businesses. This will provide relief to approximately 17 million small businesses employing 142 million Americans, according to the most recent data from […]

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COVID-19: CASES SINCE FIRST 100 DAYS GLOBAL COMPARISON

KEY POINTS: This figure shows the number of confirmed COVID-19 cases, both in levels and in logarithms. In logs, the data show the rate of change of the number of cases, with a higher value indicating an increasing number of cases. There are 335,957 cases worldwide, according to the most recent data from Johns Hopkins. […]

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CHINESE CONSUMPTION, INVESTMENT, FALLS AMID COVID-19 RESPONSE

KEY POINTS: Chinese measures to mitigate the spread of COVID-19 within the country had a dramatic impact on the economy, according to preliminary data from the National Bureau of Statistics in China. Data from January to February are released together to eliminate seasonal factors from the Chinese New Year and allow comparison to the previous […]

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U.S. AND GLOBAL GROWTH EXPECTATIONS LOWERED AMID COVID-19

KEY TAKEAWAYS: Economists in the private sector and non-governmental institutions have lowered forecasts for economic growth amid concerns over COVID-19. The OECD has revised down its forecast for global growth in 2020 from 2.9 percent to 2.4 percent, with G20 growth revised down from 3.2 percent to 2.7 percent. While the OECD has revised U.S. […]

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CONSUMER SENTIMENT DIPS AMID CORONAVIRUS CONCERNS

KEY TAKEAWAYS: Consumer sentiment fell 5 percent from 101.0 in February to 95.9 in March as concerns about COVID-19 grow. This decline is slightly below market expectations, which expected a decline to 95.0 in March’s preliminary reading. The largest contributing factor to the decline was the sub-component about the year ahead, which fell 29 points […]

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UPDATE: THE FACTS ON COVID-19

Right Facts endeavors to provide the most up-to-date information that is relevant to ongoing policy discussions. To that end, we have provided several posts on the spread of the novel coronavirus, or COVID-19. Continuing our previous work, we have updated our figure comparing the performance of the S&P 500 during SARS and COVID-19. KEY POINTS: There […]

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ECONOMY ADDS 273,000 JOBS, SMASHING EXPECTATIONS

KEY TAKEAWAYS: The U.S. economy added 273,000 jobs in February, roundly beating market expectations. Earlier this week, ADP estimated the U.S. would add 183,000 jobs in February. The number of jobs added in December 2019 and January 2020 were also revised upward by 37,000 and 48,000, respectively. Since December 2016, the U.S. economy has added […]

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AMERICAN WAGES GREW 3.8 PERCENT, LOW-INCOME EARNERS GAINED MOST

Key Points: Median wage growth has been strong across the board, averaging 3.7 percent in January 2020, according to the Altanta Fed Wage Tracker. Low-income earners’ wages grew 4.7 percent, the highest growth among any income group and above the 4.2 percent rate of average growth since December 2016. Wage growth for the bottom has quartile […]

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CONSTRUCTION SPENDING UP 1.8 PERCENT

Key Points: U.S. construction spending was $1,369.2 billion in January 2020 at a seasonally adjusted annual rate. This represented a 1.8 percent increase from December and a 6.8 percent increase from the January 2019 (year-ago) estimate. The increase in construction spending surpassed market expectations of a 0.9 percent increase from December. Economist Corner: Stronger than […]

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U.S. CARBON EMISSIONS DOWN SINCE 2007 PEAK

KEY POINTS: U.S. carbon emissions peaked in 2007 at 6.0 billion metric tons and have since fallen by 12 percent to 5.3 billion metric tons in 2018. Though carbon emissions increased 3 percent from 5.1 billion metric tons in 2017 to 5.3 billion metric tons in 2018, this can be partially explained by stronger economic […]

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UPDATE: S&P 500 DURING SARS AND CORONAVIRUS

KEY POINTS: The impact of Coronavirus on U.S. equity markets has become more significant over the past few days, as markets fear the impact on the U.S. will be larger. The S&P 500 down 6.1 percent since its recent peak on January 17th, 2020, after China reported the virus to the World Health Organization. This […]

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