Small Business Accounts for 17% of New Jobs

How many jobs does small businesses create?  A new Treasury Department report suggests small business hiring accounts for almost one-fifth of new jobs.

According to the report small businesses (with revenue between $10,000 and $10 millions) create 17% of new jobs.  This number is relatively high when you take into account that a mere 23% of small businesses have employees.  The majority of companies that the Treasury Department considers small businesses are run by one person.

Meanwhile mid-size businesses, with revenue between $10 million and $1 billion, create more jobs than small or big businesses.  Mid-size businesses account for 34% of new jobs.

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Posted on November 1, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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