U.S. | Small business openings in the Covid-19 recession

Summary

This brief compares increases in business formation statistics just after the start of the Covid-19 recession with underlying business conditions in order to describe the business landscape of the post-Covid economy

Key points

• Key points:
• Monthly business applications for probable employers have increased 36% since the start of the recession
• The post-Covid economy will likely experience a surge in non-store retailers and businesses in leisure, entertainment, accommodations and food services
• Government programs likely played a trivial role in application increase

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