November 29, 2020
Business News

Yelp Economic Average Shows Promising Signs of Resilience Across the U.S.

SAN FRANCISCO–()–Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, today released third quarter data for the Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S. The report has been adapted to reveal the dramatic impact COVID-19 has had on local economies, uncovering the resilience of local businesses across the country. While our September Economic Impact Report and the latest unemployment figures show continued economic uncertainty, our data finds that certain areas of the local economy show promising signs of adaptability.

YEA finds that new restaurant and food businesses are opening at pre-pandemic levels, with the number of new openings…

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