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Published on Thursday, May 27, 2021

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

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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