In Table 6, using the ends in Table 5 around closure possibilities as a operate of disaster duration, we look at how employment separations might evolve as a end result of firm closure. Building on our estimates of the impact of disaster period on job loss, Table 6 estimates the impact of COVID-19 on mixture job loss from small business closures and the way businesses anticipated this to range with disaster duration. Specifically, we start with the number of staff who’re projected to lose their jobs from small agency closures. We then multiply the preliminary employment degree , on the employment size level, by the survey-based estimate of the share of firms that will be closed in December depending on the size of the disaster. The first row shows that there were 5.9 million staff in companies with fewer than five staff in 2017. In our survey, 43{3bb0c771cf962bf73a669022e162603e14263c828a29360a215cc2a8ff0e7fba} of those smaller firms expected to be closed in December even when the disaster lasted for just one mo.

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