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Smaller firms with fewer than 20 workers in January had been extra likely to be closed. Firms with between 66 and 19 staff in January had the most important employment reductions. Across industries, in-person retail and repair companies had declined precipitously.
Next, we multiplied 0.forty three instances 5.9 million workers to project 1.6 million separations due to agency closings (in the absence of extra help past what was expected on the time of the survey). These smaller firms are extremely fragile, but, since they represent a comparatively small share of employment, their closures add solely modestly to total job losses.
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