Table 4 reveals the problems that companies reported dealing with, split by their operational standing on the time of the survey. We asked homeowners to fee, on a 1 to a hundred scale, the issues they were experiencing with employee sickness, supply chains, and customer demand. The scale had numerical values and likewise a text label that went from “Not a concern” at one end to “Extremely disruptive” at the different finish. We differentiate between firms that are open, briefly closed, and completely closed, and we show the share of companies in every category that point out vital difficulties in every of these areas. Table 1 exhibits our results throughout the eleven Census divisions and displays the share of businesses that had quickly closed because of COVID-19 and the discount in complete employment between January 31 and the survey date. The results usually are not meaningfully completely different if we separate out full-time or part-time employees. While there’s regional heterogeneity, the disruptions are severe virtually all over the place.

The companies with more cash on hand had been extra assured about their future, as evidenced by the cut up primarily based on whether or not the firm had more or …