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A majority of COVID-19 lockdown business closures are permanent, according to Yelp data

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Six months into the economic disruption of COVID-19 in the United States, Yelp has found that more than 60% of business closures that have occurred since March 1 have become permanent, CNBC reported.

Breaking down the numbers

From March 1 through Aug. 31, 163,735 businesses have changed their status to reflect closures on Yelp, one of the world's most popular online business directories. That represents a 23% increase in closures since mid-July, indicating that while the health impact of the virus may be lessening in some places, the business impact is still severe.

Of those 163,735 businesses, 97,966 of them have been marked as permanently closed — nearly 60%. That number of permanent closures is a 34% increase since mid-July.

The peak number of closures Yelp tracked was early in the pandemic when the total number was about 180,000.

https://www.conservativereview.com/a-majority-of-covid-19-lockdown-business-closures-are-permanent-according-to-yelp-data-2647687644.html

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