Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies. Broader macroeconomic measures pointed to some improvement as well, with a Goldman Sachs’ tracker of industrial activity moving higher and the Atlanta Fed’s running estimate of second-quarter gross domestic product also increasing from a deep low. (GRAPHIC – The U.S. reopening – inline: here ) Cellphone data from Unacast showed foot traffic at retail locations as of last Saturday was just 10% below the level of a year earlier. Similar foot traffic estimates from Safegraph were over 90% of what they were on March 1, before a national state of emergency was declared and widespread lockdowns imposed to curb the spread of the new coronavirus. Data from time management firms […]