A new survey by Facebook parent Meta Platforms finds that one in five small businesses worldwide, or 20%, reported they were not operational or engaging in any revenue-generating activities in January
Minority and female-led small businesses across the globe continued to be disproportionately impacted by the pandemic, with about 26% of minority-led and 25% of female-led small businesses reporting being closed in January.In the United States, approximately 22% of surveyed small businesses reported being closed in January, up 6 percentage points since July 2021.
A closed restaurant in the Valley Junction neighborhood of West Des Moines, Iowa, U.S., on Saturday, Feb. 5, 2022. In the U.S., 36% of small businesses reported higher sales in January 2022, compared to 44% in July 2021. Pennsylvania saw 55% of small businesses report higher sales, followed by Texas and North Carolina. Meanwhile, another 36% of U.S. small businesses reported lower sales, up 2 percentage points from July 2021. Ohio reported that 52% of its small businesses saw lower sales, down 20 percentage points from July 2021, followed by Illinois with 46% reporting lower sales, down 16 percentage points.
In the U.S., just 9% of small businesses surveyed reported increased employment. The largest increase was in Ohio, with 19% of small and businesses increasing employment, up from 6% in February 2021. Pennsylvania, Tennessee, Florida and North Carolina also reported increases of 14%, 13%, 11% and 10%, respectively.
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