Looking at the chart, it appears as if openings declined and closures increased substantially during the pandemic, probably due to the ensuing economic/inflationary difficulties. In the last several years things are gradually returning to more normal historical levels.
Did the amount of people moving here compared to a few years ago partially the reason for more opening than closings or is it a coincidence ?
Looking at the chart, it appears as if openings declined and closures increased substantially during the pandemic, probably due to the ensuing economic/inflationary difficulties. In the last several years things are gradually returning to more normal historical levels.
the population boom definately is what kept us ahead in the pandemic years
I also thought interesting the we have gone back to ~ 2018 and 2019 rates
Interesting that the pandemic crash wasn't as nearly as profound as the post-pandemic spike.
More people, more economic growth, more business opening, more businesses surviving.
How do you track your data? Really interesting, thanks for sharing.