300 randomly selected business owners with 2 to 500 employees have participated in the poll
Paychex has revealed that 63% of business owners feel the worst is behind them when it comes to the COVID-19 impacts.
Nevertheless, 4 out of 5 business owners are somewhat or very concerned about a possible second wave of infection.
The data found that 46% of business owners are fully open and operational, whereas 42% are open on a limited basis. 12% of US businesses are still closed but intend to reopen.
Besides, among the businesses that are open, 30% closed at one point during the pandemic.
As to the businesses that are closed, half plan to open by July, and 25% will open as soon as they are allowed.
We’ve reported that spending on non-essential items among UK consumers was down 42% in April, compared to last year.