"Record-breaking heat waves across the U.S. forced small businesses to close early in July, according to a report released on Tuesday, and reduced paid working hours for employees as dangerous temperatures reshape consumer behavior.
Hundreds of millions Americans dealt with extreme heat advisories in the past two weeks, as temperatures across the South and Southwest hit historic highs. These hazardous conditions have kept consumers inside and forced small businesses to close early - cutting into paid hours for employees - according to a report by the small business payroll company Homebase.
Nationally, small business employees worked 0.9% fewer hours in the first two weeks of July compared with the last two weeks of June - a standard seasonal change that is typical of summer months - the report said. But slowdowns were up to five-and-a-half times higher in cities that experienced the worst of the heat wave, highlighting the impact of high temperatures on local economies."
Safiyah Riddle reports for Reuters August 1, 2023.
SEE ALSO:
"Heat Is Costing the U.S. Economy Billions in Lost Productivity" (New York Times)
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