Explore the impacts of COVID-19 on the business landscape in Oklahoma through our analyses of business closure data which underscore the breadth, depth, and severity of its impacts.
OKLAHOMA BUSINESS CLOSURES
There have been more than 7,400 business locations in Oklahoma that have temporarily or permanently discontinued business activities or closed between March and November 2020, according to an analysis using business data insights from business analytics company Dun & Bradstreet (D&B). In order to gather closure data, D&B examined a variety of financial information and data signals, including payment transactions activity, trade and shipping data, and leasing information.
D&B’s findings paint a bleak picture of the circumstances facing small business owners and workers alike. Many are experiencing volatile demand, new customer expectations, and operational challenges because of health and safety restrictions. It remains to be seen whether temporary closures will become permanent. Although improving operations and adapting new service models can help some industries to recover, many small businesses face mounting pressure to stretch already slim margins and scant working capital to invest in technologies needed to survive. Without comprehensive financial relief and more targeted assistance to specific industry sectors, many businesses will continue to face a challenging and uncertain path toward recovery. Take a look at the interactive data below to view business closures by location.
BUSINESS CLOSURE DATA VISUALIZATION
View business closures by location. Data fields with values less than 5 will not display.
OKLAHOMA EMPLOYMENT AND ESTABLISHMENTS
The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry. This data is publicly available. The following visualization compares Oklahoma employment and establishment data from the months of April, May, and June for 2019 and 2020. The visualization includes a comparison of number of establishments, count of industries, average weekly wages by county, and employment numbers between 2019 Q2 and 2020 Q2. The visualization can be filtered down by both county and type of business ownership. For the State of Oklahoma, the number of establishments increased slightly from 2019 to 2020; however, the employment numbers decreased from 2019 to 2020 for the months of April, May, and June.