The discrepancy would possibly replicate the underrepresentation of manufacturing or professional providers corporations in our pattern, which are among the highest paying of all two-digit North American Industry Classification System sectors in the Census data. SI Appendix, Table S1 supplies further detail on the business match to the Census. A company may have in its articles, a particular provision permitting it to set out its name in any language and the corporation may be legally designated by that name (S.10 ).
Examples include “segregated portfolio corporations” and restricted purpose corporations. ↵†††Monthly payroll within the 2017 Census information for companies beneath 500 staff totaled 226 billion dollars. Our estimates do not account for increases in whole payroll on this sector since 2017. Our estimates also don’t account for the truth that the PPP pointers allowed some corporations with greater than 500 employees to entry aid. Although we can not disambiguate part-time W2 workers who would show up within the Census versus contractors who wouldn’t, 32{b65f5d6d6d519c0954b2ab3b15d02806e53b5e138b4955adef66d08dc21b3c53} of the January employment captured in the survey falls into the category. Small businesses’ responses to our survey recommend that many are likely to fail absent financial help.
