Movie theater traffic is currently at around 44% of what it was pre-coronavirus. This is up more than 100% from where it was in mid April (20.75% of pre-corona traffic). With larger chain theaters opening up again, expect to see this number slowly increase as people begin to come back out for movies.
TSA Foot traffic is up slightly this week, climbing 2.4% over last week with an increase to the daily average 16,537. Also, another month comes another sharp increase in air traffic through Hartsfield-Jackson Intl. The month of August saw an average daily increase of 20%, or 260 more planes per day.
Total preliminary initial unemployment claims were up 15% from the previous week. This is the first time since July 11th where there has been a weekly increase in the number of new initial claims. The industry with the largest upticks in new claims was Transportation and Warehousing, seeing a 105% increase in new claims, while the Retail Trade industry saw a 55% increase in new weekly initial claims since last week.
For the week of September 21-25, the index comprising 30 bonds was up 1.8% Year-to-Date, down 0.4 percentage points in this figure since last week.
For the week of September 14-18, the index comprising 30 bonds was up 2.2% Year-to-Date, unchanged from last week. This is the third week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds moved in price this week, while the already poorly performing ones remained mostly stagnant or dropped slightly.
For the week of September 14-18, the Georgia public firms index rose +0.8% this week in price. The index is down -2.0% YTD.
The Airline Industry was arguably hit harder by the pandemic than any other industry, so the steps they had to take to stay afloat this year have been drastic.
This report covers the state of the industry prior to the pandemic, how it shut down, what Hollywood and business owners were able to do to compensate, when and how they decided to reopen, and how the release of Tenet might be what the industry needs to get back on track.
Total preliminary initial unemployment claims were down 16% from the previous week. The industry with the largest upticks in new claims was Management of Companies and Enterprises, seeing a 10% increase in new claims, while the Retail Trade industry saw a 30% decrease in new weekly initial claims since last week. Overall, most industries significantly improved this week, with relatively very few new claims since last week.
For the week of September 7-11, the index comprising 30 bonds was up 2.2% Year-to-Date, increasing by 0.1 percentage points YTD. This is the second week in a row where the index stays largely stagnant, though it is worth noting that the already highly performing bonds increased in price this week, while the already poorly performing ones decreased.
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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