Brian Headd for the U.S. SBA Office of Advocacy
First published September 2017
The Office of Advocacy’s fact sheet, “Small Business Job Creation Deconstructed,” shows that small businesses’ role as job creators since the Great Recession is as strong as ever. Since the end of the Great Recession, small businesses (fewer than 500 employees) have created 62 percent (8.3 million) of the net new private-sector jobs (13.4 million), matching their historic rate over the last 25 years.
The fact sheet breaks out the dynamics of job creation in several ways: among small and large businesses, new and existing businesses, and in terms of establishment turnover. It is based on data from the U.S. Census Bureau and the Bureau of Labor Statistics.