Americans Back On The Move? Transportation Stats Say More About Main Street Economy, Than A Return To Pre – Covid Normalcy

Contact Your Elected Officials
Transportation

The head of the International Monetary Fund said recently that the outlook for the global economy had “darkened significantly” since April, and she could not rule out a possible global recession next year given the elevated risks.

IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6% global economic growth (perhaps a full percentage point) for the third time this year, adding that IMF economists were still finalizing the new numbers.

But this dark vision of the global economy needs to be set against a backdrop of where we are starting when entering this dark period. One area we can look at is some transportation statistics that show where the main street economy is at today.

In the US, Bus ridership is up, but trains are still half-empty as public transit systems across the US try to recover from the Covid pandemic. After falling to 20% of pre-pandemic levels in April 2020, total nationwide public transit ridership has recovered to more than 70% as of September, according to the American Public Transportation Association (APTA). See this in the chart below and learn more here.

National U.S. Public Transit Use By Mode

It is not just public transportation that has not recovered from pre-Covid, it is the airline sector as well. Data from all US air carriers, domestic and international, scheduled passenger flights show a massive fall off when Covid hit. Revenue Passenger Miles have recovered about 80% since pre-Covid. See this in the chart below and learn more here.

Revenue Passenger Miles For U.S. Air Carrier Domestic and International, Scheduled Flights

Vehicle Miles Traveled in the US has done a little better. This data series has mostly recovered, but not on a trend line growth as before Covid. The more troubling factoid in the chart below is that the trend recently has turned negative following the economic reality that recession is here. See this in the chart below and learn more here.

Moving 12-Month Total Vehicle Miles Traveled

Are these transportation statistics being skewed by work-from-home strategies by Covid?

Working from home had already been a trend prior to Covid. However, since the start of Covid, the number of people working from home, voluntarily or involuntarily, has increased dramatically. But the list of companies requiring workers to return to work in the office – see here. The difference between today’s and pre-Covid work at home strategies is not significant enough to explain these transportation statistics. See this in the chart below and learn more here.

Share of Americans Working Remotely

The point here is that America has not returned to pre-Covid times concerning transportation statistics. Worse yet, could be heading down again. It is an indicator of where the main street economy is heading.

The Biden-Harris administration announced $2 billion from a “bipartisan” Infrastructure Law to finance carbon dioxide transportation infrastructure. They are looking for projects (evidently, they have no shovel-ready projects) to deploy carbon management technologies, fight climate change, that supposedly will create good-paying jobs. Really?

Nothing like more big government programs to save our economy.

by Jefferson Thomas

Read Original Article on RightWireReport.com

Right Wire Report
Right Wire Reporthttps://rightwirereport.com/
Right Wire Report was a group of concerned citizens who took action to promote traditional values and work for a better America.

Donald Trump’s Appointments Are Being Obstructed

Donald Trump is the only President in history that has had recess appointments blocked by his own party!

Trump Flag-Burning Ban: Unconstitutional, Un-American, and Trifling

Trump signed an EO to criminalize the burning of the American flag — the right to do which having already been adjudicated by the highest court in the land.

Using True Facts of History to Determine What is Right and What is Wrong

The amount of time separating a human act from a truthful description of it is not as important as the veracity of historians bringing it to light.

The Very British Stalemate: British Politics Explained for Americans

The assumption in the minds of American commentators, politicians, and analysts is that the UK has "gone to the dogs" with "woke" political ideology.

NFL Vikings Male Cheerleader Controversy  

The NFL under the leadership of Roger Goodell is back to yet another controversy that is causing backlash and a possible boycott.

Shooting Occurs at School in Minnesota: Officials

Federal agents responded to an active shooter at Annunciation Church, the Bureau of Alcohol, Tobacco, Firearms, and Explosives said on X.

Trump Moves to Fire Fed’s Lisa Cook—Here Are 4 Takeaways

President Donald Trump announced in an Aug. 25 letter that he is firing Federal Reserve Governor Lisa Cook over mortgage fraud allegations.

Cracker Barrel to Return to Its Old Logo

Cracker Barrel will go back to its old logo following a public outcry over a new logo unveiled last week, the restaurant announced Aug. 26.

Ohio Bill Would Legalize Direct Sales of Raw Milk From Farms

Two Ohio state lawmakers have introduced a bill that would make it easier for people to buy raw milk, describing it as a “matter of liberty.”

Trump’s 50 Percent Tariff on India Takes Effect

President Trump’s additional 25% tariff on India became effective at midnight on Aug. 27, bringing the total rate to 50% on many imports entering the US.

RFK Jr. Says HHS Will Disclose Causes of Autism in September

During a cabinet meeting Secretary of Health and Human Services Robert F. Kennedy Jr. vowed to announce the causes of autism by September.

OMB Head: Trump Admin Eliminating 30 Old Regulations for Each New One

The Trump administration has repealed 30 regulations for each new regulation, Office of Management and Budget Director Russ Vought announced.

FDA Ramps Up Inspections of Shrimp Amid Radioactive Contamination Reports, RFK Jr. Confirms

Health Sec RFK, Jr. said federal health authorities are looking at imported shrimp after FDA issued warnings after potentially radioactive shrimp.
spot_img

Related Articles