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Posted: 2020-08-25 20:24:43

The Census Bureau's Small Business Pulse Survey is Back and Shows the Pandemic is Still Taking A Toll on SMBs

From Steve at Small Business Labs
Originally published 2020 08 25
Things haven't improved much over the 6-week layoff according to the small businesses surveyed - 34% of the respondents said the pandemic has had a large negative effect on their business and 45% said it a moderate negative effect.  Only 6% said it had a positive effect. More interesting, 11% said in the week prior to the survey they had decreased the number of employees at their firm and only 7% said the number of employees had increased. 
As the Census chart below (click to enlarge) shows, only 25% of the SMBs surveyed said they increased their use of online platforms, while 35% said they had not increased their use. 45% said they didn't use online platforms in their business.
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Tags:online platform,number of employees,small business,use,survey,worth of data,share of smbs,end of june,large negative effects,covid-19 impact survey,Small Business Economy,Web/Tech