Business

1. Business during a Pandemic
“800 small businesses are closing a day”
Learn more about how
COVID 19 has effected
American Businesses in
2020

2. Industries in COVID 19
14%
17%
21%
22%
26%
Airlines
Oil and Gas
Retail
Casinos & Gaming
Home Furnishing
Top 5 Most Effected Top 5 Least Effected
13%
17%
22%
23%
26%
Property Inurance
Life Insurance
Multi-Line Insurance
Specialized REITS
Industry REITS
Statistics of PDM’s
The percentages are calculated by analyzing sectors that
experience the most and least disruption

3. How many Businesses have closed
-140,104 were marked temporarily closed
-Mississippi had 576 Businesses close in
May and June of 2020 alone
-More than 97,966 businesses have
permanently shut down

4. Unemployment
-The unemployment rate peaked at an
unprecedented level, not seen since data collection
started in 1948, in April 2020 (14.8%)
-economic downturn it engendered swelled the
ranks of unemployed Americans by more than 14
million
-Mississippi unemployment claims jump nearly
500% due to COVID-19

5. Conclusion
COVID-19 has effected everyone and everything, big or little. The
economy took a huge tole and it will take years for our country to
recover. Many people we know have lost jobs, family members, and
their small businesses. Thankfully the worst is behind us and life is
coming back to normal slowly but surely.

6. Understanding how COVID is effecting those around you is important to
understand Businesses all around us. To learn more about COVID relief
programs you can visit https://www.sba.gov/funding-programs/loans/covid-19-
relief-options
Taking the Next Step

7. Sources
Kochhar, Rakesh. “Unemployment Rose Higher in Three Months of COVID-19 than It Did in Two Years of the Great Recession.” Pew Research Center, Pew
Research Center, 26 Aug. 2020, www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-
years-of-the-great-recession/.
Danny Haydon, Neeraj Kumar. “Industries Most and Least Impacted by COVID19 from a Probability of Default Perspective.” Accelerating Progress, 22 Mar.
2021, www.spglobal.com/marketintelligence/en/news-insights/blog/industries-most-and-least-impacted-by-covid19-from-a-probability-of-default-
perspective.
Bauer, Lauren, et al. “Ten Facts about COVID-19 and the U.S. Economy.” Brookings, Brookings, 2 Feb. 2021, www.brookings.edu/research/ten-facts-about-
covid-19-and-the-u-s-economy/
#:~:text=The%20COVID%2D19%20pandemic%20and,less%20education%20(Stevenson%202020).&text=The%20COVID%2D19%20crisis%20also,drama
tic%20swings%20in%20household%20spending.
Bartik, Alexander W., et al. “The Impact of COVID-19 on Small Business Outcomes and Expectations.” PNAS, National Academy of Sciences, 28 July 2020,
www.pnas.org/content/117/30/17656.