Yelp

America's local economy keeps shrinking

Data: Yelp; Chart: Andrew Witherspoon/Axios

Growth slowed for local economies virtually everywhere in the U.S. last year, and is declining again at the start of this year as consumers pare back spending and business growth stalls.

What they're saying: So says business directory service Yelp, which used data from its more than 100 million users to track the number of businesses opening or closing and consumer demand.

Yelp's stock erased its entire 2019 gain in one day

Data: Investing.com; Chart: Axios Visuals