For example, map requests on Apple Inc. devices fell 50% throughout the country between mid-January and the week ended April 9, but they have steadily climbed since then and are now down just 20%. Fast-food chain Wendy's Co. reported that same-store sales in the week ended May 3 were down just 2% from a year earlier. They were down 26% in the week ended April 5. The second is that the data say nothing about how strong the recovery will be: Economic activity could rise for a few months and then flatline. One troubling sign: In the week ended May 9, nearly three million more people filed claims for unemployment insurance, suggesting job losses may not have hit bottom.

Source: Wall Street Journal May 16, 2020 14:15 UTC