COVID Permanently Destroyed 60% of Businesses that Shutdown for Mitigation
New data finds that 60 percent of the businesses that shut down for COVID mitigation will be closed permanently and won’t be coming back.
New data from Yelp shows the terrible state of affairs, according to CNBC.
Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus pandemic’s economic toll.
Advertisement - story continues belowAs of Aug. 31, some 163,735 businesses have indicated on Yelp that they have closed. That’s down from the 180,000 that closed at the very beginning of the pandemic. However, it actually shows a 23% increase in the number of closures since mid-July.
In addition to monitoring closed businesses, Yelp also takes into account the businesses whose closures have become permanent. That number has steadily increased throughout the past six months, now reaching 97,966, representing 60% of closed businesses that won’t be reopening.“Overall, Yelp’s data shows that business closures have continued to rise with a 34% increase in permanent closures since our last report in mid-July,” Justin Norman, vice president of data science at Yelp, told CNBC.
Congratulations Joe Biden, Anthony Fauci, and the entire Democrat establishment for destroying most of the country with you ineffective, unscientific lockdowns.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.
