More than half of all coronavirus-related business closures since March are now permanent, according to Yelp data
Permanent closures account for 55% of all businesses that've closed since March 1, Yelp reported, citing data through July 10.
citing data through July 10. That's a jump from June, when Yelp found that 41% of business closures since March were permanent. Through July 10, the number of closed businesses decreased to 132,500, reflecting "rapidly evolving situations at the local level" as some states pause or roll back reopening plans to combat a spike in coronavirus cases. , which was one of the first and hardest hit by sweeping shutdowns that began in March to curb the spread of COVID-19. Of all the restaurants closed in July, 60% have been permanent closures, according to Yelp data, a 23% increase from June 15.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Pandemic's economic hit will be here 'for a long time' even if a vaccine is approved, economist saysA large number of small businesses that closed in March — when restrictions around social movements when into effect — are not going to reopen even when the situation improves, according to Raghuram Rajan.
Read more »
Best businesses to start despite the 2020 pandemic and recession - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Gallup: Americans say police reform is needed in the US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Mike Pompeo says WHO chief was 'bought' by China in secret deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »