A number of Filipino businesses have found themselves among those having to adjust to federal and local ordinances.
Looking at unemployment, the analysis found that Asian American unemployment rates were comparable to those of their white counterparts for the months of January and February at 3%.
In California and New York, the unemployment impact on Asian Americans was further emphasized by Unemployment Insurance (UI) claims data.
Being that small businesses have long been a part of the Asian American economic landscape, the researchers also estimated that about 233,000 Asian American small businesses closed from February to April, representing a decline of 28% over the two-month period.
Over the same period, non-Hispanic white small businesses declined by 17%.