Yelp Data Shows 55% of US Business Closures Due to Virus Cult Shutdowns Are Now Permanent

100,000 of the 180,000 businesses won't be coming back

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.

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.

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. [The 60% is misleading because others have meanwhile re-opened. Relative to the 180K that closed in March the 98K is 55%.]

“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.

Yelp’s September report marks six months since March 1, the date that the company considers to be the beginning of the business crisis.

In order to gather closure data, Yelp monitors changes in business hours or descriptions on its app, offering an immediate, localized view of the impact the pandemic has had on small businesses.

“Despite the hard hit small businesses have certainly taken, we’ve seen that home, local, professional and automotive services have been able to withstand the effects of the pandemic better than other industries,” Norman noted.

The data supports the trend that most consumers are choosing to stay home over patronizing establishments physically, as home and professional services such as landscapers, contractors and lawyers, see a much lower closure rate than clothing stores and even home decor businesses. Auto and towing services also reported a relatively low closure rate.

“Consumers still need these services,” Norman said. “Through the rise of virtual consultations, and contactless or socially distanced services, these businesses have been particularly resilient during this time.”

Throughout the past six months, restaurants, bars and nightlife venues have been hit the hardest by the restrictions brought by the pandemic: 32,109 restaurants have closed, as of Aug. 31. The number of restaurants forced to permanently close is slightly above Yelp’s total average, at 61%.

Yelp has also noted that businesses already well suited for takeout, such as pizza places, coffee shops and delis, are treading water better than other restaurants. The types of restaurants with the highest closures include breakfast and brunch places, sandwich shops, and Mexican restaurants.

Norman noted that policy changes in the coming weeks and months could have an impact on whether these closures turn permanent. “The continued rollout of indoor dining, especially in metros like New York City, will be worth watching as it will be critical for businesses to maintain the right balance of practicing social distancing and other responsible safety measures to ensure they can stay open.”

Bars and nightlife venues have also seen a large impact from the pandemic, as a business that can’t adapt as easily to outdoor dining or takeout. Despite being a sector that is six times smaller than restaurants, 6,451 venues have closed. The rate of permanent closures has increased 10% since July, now sitting at 54%.

Retail saw a similar increase in permanent closures since July, rising 10% to a total of 58% indicated permanent. That’s out of 30,374 closed retail businesses.

The report showed a surprising month-over-month rise in permanent closures for beauty businesses — since July, about 42% more businesses were indicated as permanently closed. Total closures for the beauty industry sit at 16,585, which is a 22% increase since July.

Different states are also facing varying degrees of closures, and perhaps unsurprisingly, Yelp sees a correlation between states with a high number of closures and states with a high unemployment rate. Looking at closures per 1,000 for each state, Hawaii has been hit the hardest, followed by California, Nevada, Arizona and Washington state. Hawaii’s unemployment rate sat at 13% in July, and the state also relies heavily on tourism.

“Due to the pandemic, these states were greatly impacted by travel restrictions and also face high rates of unemployment,” said Norman. “These states are also home to the hardest-hit metros including Las Vegas, Honolulu and several of the largest California urban areas like San Diego, San Francisco, San Jose and Los Angeles.”

Yelp has also noted discrepancies between large cities, where closures are higher and businesses are not faring as well, and smaller areas, which have proved more forgiving to small business. Los Angeles and New York report the highest number of closures: Los Angeles has seen 15,000 closures, half of which are permanent, and New York has seen more than 11,000 closures, with the high rate of 63% reported as permanent.

“Meanwhile, we’re actually seeing larger metros with fewer closures in the East, including Pittsburgh, Philadelphia, and Baltimore,” Norman noted.

Ultimately, Yelp’s data shows that Main Street is still feeling the economic impact of the pandemic, and many states and areas of business may not see a recovery soon.

“While it’s hard to say when we can expect business closures to stabilize, we’ve continued to see businesses successfully adapt to these uncertain times over the last six months thanks to their own hard work, innovation and local policy changes,” Norman said.

Source: CNBC

  1. nick1111 says

    Goddamn idiot in the WH

    1. Saint Jimmy (Russian American) says

      goddamn the 535 in congress and their fucking oligarch owners.

  2. fresnoman4man says

    Hey, folk, Welcome to the WHO world wide collectivist Fourth Reich brought to you by the COVID scam cult. We have the competition of anti-individual, anti-nature, anti-spiritual, divisions as predicated by George Orwell’s prescient novels. The distractive illusion is that there are are separations of ideology among the major player elites. They all have the same goal and that is the great economic reset which was once called a One World Government. Eugenics and population reduction are still part and parcel of the ideology making Gates et al an intrinsic part of the deep state agenda.

  3. cechas vodobenikov says

    the homogenization of the robot republic—-amerikan automatons can now pretend freedom is coke/pepsi; Taco Bell/macdonalds……walmart and Bezos are upset

  4. Saint Jimmy (Russian American) says

    Just unbelievable and unbelievably stupid without massive, massive government support and direct government hiring to keep the economy and social structure from imploding. This is all the proof anyone should need to convince them that NONE of our political leaders and oligarchs care about us. Not a single one of them.

  5. Rowdy-Yates says

    The destruction of businesses and this economy is pinned on the hope that the new economy of 5-G and AI will be better and more profitable but the chaos created by this destruction only increases the odds of failure. America lags way behind China on this economy.

    The demographics of America where the elderly number close to 100 million with a youth population below 25 is around 30 million is a big negative and this youth population is plagued with obesity, drugs, and now dependent on DC for handouts.

    Comparing China where the youth population below 25 is 500 million, 25 to 59 is 700 million and over 65 is 200 million gives China the needed population to sustain any economy based on consumption. America’s economy lacks the manufacturing industry and is based on consuming imports. China’s BRI connects Eurasia and Africa with 5-G tech that includes smart cities and a population of 5 billion.

    As for shutdowns China opened its economy and is about where it was before a brief shutdown took place.

    1. Saint Jimmy (Russian American) says

      Young people in the US have also been hampered by dumb fucks who slashed government support for colleges and universities to a small percentage of total funding, forced them to seek funding from corporate ass holes with nutty Randian fantasies, and then hire inferior affirmative action minority professors and “lifestyle” perverts to top off the giant unaffordable Shit Cake that is the US university system.

      They couldn’t have fucked up higher education in this country any more if they had actually been trying to fuck it up and maybe they were….

      1. nick1111 says

        Stupid population is easier to manipulate

      2. Rowdy-Yates says

        Very true but even if everything was done right today the long term effects that reduced the youth population and dumbed down America has led to the collapse and the inevitable rise of China to become greater than America in all areas.

        1. Saint Jimmy (Russian American) says

          A number of European countries, including Russia, have eclipsed us in certain areas. Don’t single out China. The European countries, including Russia, have eclipsed us in one or more of the following – overall quality of life; health, happiness, and security of citizens; overall quality of education; innovation; financial security of citizens; upward mobility and job opportunity; and average lifespan, among others.

          1. Rowdy-Yates says

            I am not accusing China of becoming a global power. America made China into that power while dumbing down its own population. When DC chose China over India back in 71 that was a deliberate act where by the 90s China was rapidly developing due to US support.

            On a separate issue the US manufacturing rose to great heights by producing items unique to America and advertising them for world consumption such as blue jeans, Coca Cola, American brand cars, tv. and Hollywood entertainment including Disney.

            American name brand products were based on America’s culture. China’s manufacturing catered to the world and each market. For example they make Hindu Gods to Confederate uniforms or Indian saris.

            Ths skill is missing in American manufacturing. I believe that is why Corporate America moved technology to China and let Americans decay under Hedonism from Cultural Marxism. Like a cheap hooker America is spent and the new one on the block is China

            1. Saint Jimmy (Russian American) says

              It decayed mainly because of uncontrolled capitalism that led directly to massive, unprecedented concentrations of wealth and multi-national corporate power that literally purchased the political system. The cultural shit – which is not Marxist -came much later as a way to divide, distract, and dumb down people.

            2. Rowdy-Yates says

              The counter culture revolution and the anti establishment movements of the 60s were supported by Cultural Marxists where the family unit was targeted. Everything from Feminism and abortion to drugs and alternative lifestyles were encouraged under the Freedom of Expression. The adult movie industry mushroomed and single family replaced marriage. Hatred of Traditional and Christian values were taken up by Hollywood, College professors, media and publishing houses.

              Beginning mainly after world war 2 debt was encouraged buying on a credit line took hold The Diners Card came in the early 50s and by the 60’s buying on credit created massive consumption and debt.

              The dumbing down of America began much earlier. Children were encourage to spell a word based on how it sounds so the word “though” was spelled as “tho”. Ebonics was another method to dumb down, the study of Geography, history, and other cultures were removed. Math skills were de emphasized while recreational drugs and s*x education was encouraged. Losing virginity was promoted and having babies was demoted. Abortion clinics flourished after Roe vs Wade

              Fast food, snacks, soda and sugar was cheap and plentiful the TV culture promoted grazing all day and character like Homer Simpson who is fat and stupid took over characters like Bugs Bunny who ate carrots, was slim and witty.

            3. Saint Jimmy (Russian American) says

              What a load of shit. Stop sniffing the glue. Maybe you are a disinformation agent.

            4. Rowdy-Yates says

              Truth bugs you huh?

            5. Saint Jimmy (Russian American) says

              There is little truth in your posts. Mostly propaganda. Very sad.

            6. Saint Jimmy (Russian American) says

              In case you haven’t figured it out, I’m a leftist who does not believe in “social justice” issues. Yeah, I’m lonely.

            7. Rowdy-Yates says

              Cultural Marxism entered the US from Europe in 1933 into Columbia University. Men like Weinstein gorged on young girls and so did Epstein yet Pederasty was blamed on the Church, not Hollywood or New York

            8. Saint Jimmy (Russian American) says

              It came from a small group of self-styled “Marxists” in Frankfurt, Germany who were never recognized by mainstream Marxists and probably wouldn’t have been recognized by Marx or Engels.

            9. Rowdy-Yates says

              Marx and Engels were long gone when Cultural Marxism was created in the early 20th century which combined the philosophy of Marx and the teachings of Freud

            10. Saint Jimmy (Russian American) says

              I don’t see any of Marx in their shit.

            11. Rowdy-Yates says

              Some of the books from the Institute of Social Science in Frankfurt which was called the “Frankfurt School of Cultural Marxism include:
              The Authoritarian Personality by Theodor Adorno. It redefined traditional American views on gender roles and sexual mores as “prejudice.”

              Eros and Civilization by Herbert Marcus 1955, USA. Marcuse argued that Western culture was inherently repressive because it gave up happiness for social progress.

              -“polymorphous perversity,” It posed the idea of sexual pleasure outside the traditional norms. Eros and Civilization would become very influential in shaping the sexual revolution of the 1960s. The social movements of the 1960s—black power, feminism, gay rights, sexual liberation gave Marcuse a unique vehicle to release cultural Marxist ideas into the mainstream

              Repressive Tolerance by Herbert Marcus in 1965 USA. In this book he argued that tolerance of all values and ideas meant the repression of “correct” ideas.

              Marcuse also coined the term “liberating tolerance.” It called for tolerance of any ideas coming from the left but intolerance of those from the right. One of the overarching themes was total intolerance for any viewpoint but its own.
              Does this sound familiar Saint?

            12. Saint Jimmy (Russian American) says

              No. It isn’t familiar at all, to me. NONE of that is Marxist. Not a single fucking sentence. Marxism is rooted in class differences and a very plausible historical dialectic. CLASS. Not RACE or anything else. You’ve actually fallen for the propaganda of oligarchs and corporations. It would be funny if it wasn’t so pervasive and so sad.

            13. Rowdy-Yates says

              Karl Marx hated Christianity and the wealth of Europe. he advocated bloody revolutions to replace that society. It worked in Russia killing millions in the Bolshevik revolution. Trotsky advocated constant anarchy.

            14. Rowdy-Yates says

              You protest too much over something you claim to have no validity. Lying is part of Cultural marxism that promotes destruction as something positive. When Cultural Marxist promote pornography as Feminine liberation it is a lie. The woman becomes a harlot in the eyes of society and her life is ruined
              When Cultural Marxist promote mind altering drugs as “expanding your mind” it does the opposite and dulls into a lump of grey matter. Lies
              When Cultural Marxist encourage rebellion against the authority figure of ones Father and against their parents it is to break the family bond not to promote a rebellious youth
              Feminism through abortion kills both the fetus and the spirit of a woman. Feminists often end up barren lonely and hateful while calling their life liberated.

            15. Saint Jimmy (Russian American) says

              You don’t get it. You obviously have little experience in life or a narrow education.

            16. Rowdy-Yates says

              Probably I don’t have much experience but looking at the dying population of America and Europe where the replacement population is shrinking, the aging population dominates and alternative lifestyles to a toxic way of life has crated obese and dysfunctional youth. Cultural Marxism has destroyed Western society and the Church better than any invading force.

            17. Rowdy-Yates says

              Liberty and freedom is supposed to aim for the highest goals not the lowest. When actors in adult movies or prostitutes do what they do claiming they are liberated that is how cultural marxism works. it sells garbage as a quality product and entices the youth into a pit of perversity since lust, greed, arrogance and anger are easy to achieve and often sought after. They slide into a pit and decay believing that their empty lonely and miserable life is the best one can have.
              The worst is ignorance. Ignorance is a method of thinking where subjects are made boring and once a subject be it culture, arts.literature, history, is made boring the mind rejects it, and superficial aspects of selfies, junk food, drugs are made cool and engaging the mind will accept it.

              Any knowledge it finds boring no matter how hard that person wants to learn is rejected. If you find calculus or statistics boring and yet eager to learn later in life your mind will retain only some aspects and after a while you forget.

              The mind only absorbs what it finds stimulating. that is how Freudian Psychology worked into Cultural Marxism dumbing down America

            18. Saint Jimmy (Russian American) says

              I’m certainly not going to listen to shit from some NUT who thinks Bugs Bunny was a communist spy. Jesus fucking Christ, you are off your rocker.

            19. Rowdy-Yates says

              Are you nuts? I love Bugs Bunny.

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