Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent

A majority of COVID-19 lockdown business closures are permanent, according to Yelp data

Six months into the economic disruption of COVID-19 in the United States, Yelp has found that more than 60% of business closures that have occurred since March 1 have become permanent, CNBC reported.Breaking down the numbersFrom March 1 through Aug. 31, 163,735 businesses have changed their status to reflect closures on Yelp, one of the world's most popular online business directories. That represents a 23% increase in closures since mid-July, i…

GONE FOREVER: Yelp Data Shows 60% Of Business Closures Due To COVID-19 Are Now Permanent

A majority of businesses that shut down during the COVID-19 over-reaction by government officials will never reopen.“As of Aug, 31, 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,” CNBC reports.In addition to monitoring closed businesses, Yelp also takes into account …

60% of U.S. businesses closed during pandemic have shuttered permanently, Yelp says

About 60% of U.S. businesses that have closed since the start of the coronavirus pandemic have folded permanently, according to a report released by Yelp on Wednesday.

60 percent of businesses closed due to pandemic will never reopen

The study differentiates between businesses that have closed temporarily and those which are permanently shuttered, and that's where the data shows a cause for alarm.

More Than Half Of Business Closures Caused By Economic Lockdowns Are Permanent, Yelp Data Show

More than half of American businesses that closed down due to economic lockdowns are permanently shuttered.

Yelp: 60% of business closures since March are permanent

Sixty percent of the business closures since the pandemic hit in March are permanent, according to online business reviewer Yelp.