COVID-19 News

Small business survey suggests most metrics of COVID-19 impact are improving

The US Census Bureau on June 11 released updated results of its experimental Small Business Pulse survey, which measures the changes in business conditions on the nation's small businesses during the COVID-19 pandemic. The initial results cover the time period between May 31 and June 6. Data tabulations and visualizations are available online (see link below) and will be updated weekly through June.

Compared with the results for the time period between April 26 and May 2, most metrics have improved. However, compared with a month ago, even more small businesses now believe more than 6 months will pass before their business returns to normal.

The findings include:

41.3% of U.S. small businesses (down from 51.4% a month earlier) and 73.7% of U.S. accommodation and food services businesses (down from 83.5%) have experienced a large negative effect from the COVID-19 pandemic

35.8% of U.S. small businesses (down from 44.9%) and 55% of U.S. retail trade businesses (down from 65.8%) experienced disruptions in their supply chain.

50.3% of U.S. small businesses (down from 74%) have experienced decreased operating revenues

13% of U.S. small businesses (down from 27.5%) had a decrease in the number of paid employees.

26.5% of U.S. small businesses (down from 41.4%) and 52.8% of U.S. educational services businesses (down from 72.2%) temporarily closed one or more locations for at least one day

41% of U.S. small businesses (up from 31.4%) believe more than 6 months of time will pass before their business returns to its usual level of operations.

Read more: https://www.census.gov/data/experimental-data-products/small-business-pu...