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U.S. Census Bureau Quantifies Effect Of COVID On Small Businesses

03/31/2022

The U.S. Weekly Pulse newsletter presented data indicating the impact of COVID on small businesses between March 14th and March 20th, 2022. 

 

  • It was determined that 21.5% of U.S. small businesses experienced a “large negative effect” from the COVID pandemic.
  • 31% of U.S. wholesale trade small businesses experienced a moderate increase in demand compared to six months ago
  • 65.7% of U.S. retail trade small businesses experienced domestic supplier delays last week, attributed to COVID
  • 57.8% of U.S. food service and accommodation businesses experienced large increases in cost of goods and services, denoting the effect of inflation from values determined six months ago
  • 9.7% of U.S. small businesses required employees to have proof of COVID vaccination.