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We differentiate between firms that are open, briefly closed, and permanently closed, and we present the share of firms in each category that point out vital difficulties in every of those areas. The Census provides annual payroll expenses for W2 staff. To get a sense of the match, we in contrast our estimated monthly payroll expenses in our sample with one-twelfth of annual expenses in the US Census. To facilitate comparability, we divide by an estimate of complete employment.§ Fig. 2 exhibits the size distribution of monthly estimated payroll bills in our pattern and a …