Wall Street uses iOS and Android mobility data to take the temperature of the global economy

It would be quite an understatement if we simply said that these are unusual times. Not only is the pandemic responsible for killing people, many survivors are finding themselves financially sick as companies shut their doors and layoff workers. The U.S.employment rate was recently calculated at 14.7%. With so many economic measures at unprecedented levels, Wall Street firms are finding that they can’t get a handle on what is going on in the business world using old school figures. Instead, these companies are tracking mobility data generated by iOS and Android users to gain some insight into …