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June Jobs Report Shows Recovery, but Small Business Owners Still Need Urgent Cash Assistance to Survive

from MarketWatch

June Jobs Report Shows Recovery, but Small Business Owners Still Need Urgent Cash Assistance to Survive MarketWatch The June jobs report offered hope for workers in some industries in the U.S. economy — but the news was much less hopeful for small businesses. From plunging revenues to shuttered storefronts, it’s no secret that the COVID-19 public health crisis has driven too many small businesses to the brink of collapse. An estimated 100,000 small businesses across the country have already closed their doors permanently. And Black business owners, who largely run sole proprietorships or small businesses, have declined by 41%. READ MORE

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