Last week, Jim Damicis, along with Christa Ouderkirk Franzi and Anthony Price of LootScout, had the opportunity to speak to the Economic Development Council of Maine (EDCM) about strategies for recovery. Jim discussed some regional and national data that economic developers can track to understand - not predict - the economy in the context of COVID-19:
- Monthly Unemployment (and other labor force data)
- Job Postings (Real Time Data)
- Housing Starts
- Retail Sales
- International & Domestic Trade
- Consumer Confidence
Much of the data is free or low cost (but not all) - Develop data partnerships and start tracking!