Oct
20th
Thu
20th
Small businesses create 65% of all jobs! Or not?
Yes, small businesses account for 65% of net job creation in the US.
But the Small Business Administration’s Office of Advocacy that publishes those statistics defines small businesses as all companies with fewer than 500 employees. With that definition, 99.6% of the 4.8 million private employers in the US are small businesses.
So I would say: largest 0.4% employers create 35% of all net jobs, and that’s precisely the issue with long-term job (non-)growth.
