Data: New York Fed; Chart: Axios Visuals

The New York Fed's collection of real-time data indicators contributing to U.S. GDP growth showed a decline, reaching -7.35% for the week ended July 4, down from -6.81%.

What it means: The WEI is an index of ten daily and weekly indicators of real economic activity, scaled to align with the four-quarter GDP growth rate, according to the New York Fed. It follows a string of real-time data analysis from investment banks and asset managers that shows economic data stalling or declining since mid-June.

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Aug 6, 2020 - Health

The health care sector imploded in Q2

Data: U.S. Bureau of Economic Analysis via FRED; Chart: Andrew Witherspoon/Axios

The pandemic has been very good for health insurers — largely because they don't need to pay for procedures that haven't been happening.

By the numbers: The value of health care services performed in America in the second quarter plunged to $1.69 trillion, from $2.26 trillion in the fourth quarter of 2019. The unprecedented drop was enough on its own to account for 9.5 points of the 32.9% annualized fall in second-quarter GDP.

A quandary for state unemployment agencies

Illustration: Aïda Amer/Axios

State agencies charged with paying unemployment benefits to jobless residents have their backs against the wall as they rush to parse President Trump's executive actions on coronavirus aid.

Why it matters: States are being asked to pitch in $100 per unemployed resident, but it’s a heavy lift for cash-strapped states that are still unclear about the details and may not opt-in at all. It leaves the states and jobless residents in a state of limbo.

21 mins ago - Science

The risk of branding NASA's wins

Illustration: Eniola Odetunde/Axios

President Trump, like some of his predecessors, is branding NASA's recent wins as political, presidential accomplishments even though they are the result of efforts that span administrations.

Why it matters: Experts warn that partisan politicking with NASA can lead to whiplash that leaves the agency scrambling to chase new goals whenever a new administration arrives in Washington.