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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.
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