econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result
Home Uncategorized

Social Distancing, But Mostly During The Workweek?

admin by admin
9월 6, 2021
in Uncategorized
0
0
SHARES
0
VIEWS

from the St Louis Fed

— this post authored by Charles Gascon, Regional Economist, and Kathryn Bokun, Research Associate

The Federal Reserve Bank of Dallas recently introduced the Social Distancing Index (SDI) using geolocation data constructed at the county, metropolitan statistical area (MSA), state, and national levels.[ 1] The SDI uses seven mobility variables that capture the length of time devices are at home or away as well as the distance devices travel from home.[ 2] A higher SDI indicates more social distancing.

In this context, social distancing more accurately reflects individuals’ decisions to stay at home, not necessarily whether other social distancing guidelines – such as maintaining a 6-foot distance – are followed when individuals choose to leave home.

National Trends in Social Distancing

All indexes are scaled so that the national SDI reaches 100 in the second week of April, with the index averaging zero for January and February 2020. The figure below plots the national SDI from Jan. 3 to May 9. The color of each data point corresponds to SDI level based on five groupings of the SDI measure. Generally, a value less than 25 represents the level of activity prior to social distancing guidelines, and a value greater than 100 represents the level of activity during the peak of social distancing.

 Social Distancing Index (SDI) using geolocation data constructed at the county, metropolitan statistical area (MSA), state and national levels

Nationally, the largest increase in the SDI occurred during the week of March 15 (noted by the vertical line), when it increased from 17 to 59 the following Sunday. This indicates that mobility dropped by 2.5 times. As the number of new COVID-19 cases declined and regions relaxed stay-at-home orders, the SDI turned downward.

Social Distancing Fluctuations during the Week

There is a cyclical pattern over the course of a week within the index as well. The figure below illustrates this daily variation by highlighting the SDI by month and day of the week for the nation, for MSAs and for all rural counties.

Heat map showing the SDI by month and day of the week for the nation, for MSAs and for all rural counties.

The SDI sharply drops on the weekends. For the national index, notice that the weekdays are green (indicating higher SDI values), but weekends are yellow or orange (indicating lower SDI values).

The SDI for all MSAs was generally higher or equal to the national SDI. While SDI for all rural counties shows just a slight increase in social distancing and generally trends below the national index. Social distancing appears to be most effective during weekdays in metropolitan areas.

At first glance, this may suggest that metropolitan areas are more effective as social distancing. However, this may also occur as people in rural areas need to travel longer distances to reach essential services. With lower levels of population density in these areas, this may not mean greater interaction with other persons.

Social Distancing in the Eighth Federal Reserve District

The final figure below plots the SDI for 13 of the largest MSAs in the Eighth District.

Heat Map displaying the Social Distancing Index for the 8th District Federal Reserve bank's 13 largest MSAs

The St. Louis metro area and Evansville, Ind.-Ky., had some of the highest index values for weekdays in March and April. By May, weekday social distancing declined from levels in March, with the sharpest declines on Saturdays.

In smaller MSAs, social distancing practices in May look more similar to the trend in rural counties. For example, Pine Bluff, Ark., and Jackson, Tenn., showed some of the lowest levels of social distancing during weekdays, with weekends returning to precrisis levels of activity.

Summary

The SDI shows a sharp increase in social distancing at the national, state, MSA and county levels during the week of March 15 in response to the declaration of national emergency due to the COVID-19 pandemic. Social distancing appears most strongly practiced during weekdays in metropolitan areas. However, social distancing generally declines in May across geographies. As states and counties begin to reopen, this information could be important in understanding the effectiveness of stay-at-home orders on household mobility.

Notes and References

1 The SDI uses daily geolocation data from 16 to 20 million mobile devices available by the firm SafeGraph.

2 The SDI is the first principal component, or a weighted average, of each of the underlying series.

Additional Resources

  • St. Louis Fed’s COVID-19 resource page
  • On the Economy: COVID-19, School Closings and Labor Market Impacts
  • On the Economy: COVID-19 and Unemployment Risk: State and MSA Differences

Source

https://www.stlouisfed.org/on-the-economy/2020/may/social-distancing-mostly-week

Disclaimer

Views expressed are not necessarily those of the Federal Reserve Bank of St. Louis or of the Federal Reserve System.

Previous Post

The COVID-19 Fiscal Multiplier: Lessons From The Great Recession

Next Post

Think Coronavirus Caused The Crash? These Two Charts Beg To Differ

Related Posts

Scammers Steal $300K Using Fake Blur Airdrop Websites
Uncategorized

FBI Warns Investors Of Crypto-Stealing Play-to-Earn Games

by admin
Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites
Uncategorized

Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites

by admin
Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle
Uncategorized

Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle

by admin
Mexico's Pemex Dismantled Resources Worth $342M From Two Top Fields
Uncategorized

Mexico’s Pemex Dismantled Resources Worth $342M From Two Top Fields

by admin
Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future
Uncategorized

Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future

by admin
Next Post
Final August 2021 Michigan Consumer Sentiment Shows A Stunning Loss Of Confidence

Final August 2021 Michigan Consumer Sentiment Shows A Stunning Loss Of Confidence

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect