This post may refer to COVID-19
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34% of America’s small businesses are still closed due to COVID-19. Here’s why it matters
Compared to January 2020, 34% of small businesses in America are closed. They've been one of the hardest-hit sectors since the coronavirus pandemic began.
Business
99.9% of all businesses in the U.S. qualify as small businesses, collectively employing 47.3% of the nation’s private workforce.
They've been one of the hardest-hit sectors amid the pandemic.
Compared to January 2020, 34% of small businesses are closed.
San Francisco is one of the most affected metro areas, with a 48% closure rate of small businesses.
It's likely that this could exacerbate a 'K shaped' recovery.