Many U.S. states have been reopening their economies in the wake of extended COVID-19 shutdowns, but tens of thousands of businesses across America are still closed — many of them forever.
As of July 10, 132,580 businesses listed on the Yelp review site remain closed due to the coronavirus pandemic, according to its latest Economic Average report…
That’s a slight decrease from 140,000 closures last month, as phased re-openings in some places have allowed many businesses to operate again, even if in a limited capacity. But while temporary closures have dropped, the number of businesses that have permanently shuttered is rising. Of all the business closures since March 1, 55% (or 72,842 businesses) will never reopen again, which is up from the 41% that Yelp reported in its Local Economic Impact Report just last month.
In other words, another 15,742 businesses listed on Yelp permanently closed between June 15 and July 10.
Restaurants listed on Yelp have suffered 26,160 total closures as of July 10, and 60% (15,770) have permanently closed — which is up 23% from June 15. And it’s been last call for more than four in 10 bars and nightlife spots (44%) listed on Yelp, that will also never reopen.
Some 26,119 shopping and retail businesses are also still closed, of which roughly half (or 12,454) are permanent — which is up 29% from what Yelp reported last month.
MacDailyNews Take: Obviously, we remain in a catch-22. We must have an economy and we’re in the midst of a pandemic. Both conditions will exist simultaneously until we have effective treatments and a vaccine, so try to be as safe as you can be – wash your hands frequently, keep your hands away from your face, wear a mask in public, practice social distancing, etc.
The CDC guidelines for how to protect yourself and others — especially older adults and people who have severe underlying medical conditions like heart or lung disease or diabetes and are at higher risk for developing serious complications from COVID-19 — are here.