Transcription of U.S. Small Business Economic Profile
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U.S. Small Business Economic Profile
2020 Small Business Small Business ADMINISTRATIONU nited States million Small Businesses million Small Business Employees of United States Businesses of United States Employees DIVERSITY TRADE EMPLOYMENT million 285, million self employed Small Business net new jobs minorities exporters A note on COVID 19: This report uses the most up-to-date government data to present a unique snapshot of Small businesses. The BLS employment estimates capture the early stages of the pandemic. All other sources reflect data collected prior to the pandemic. Overall Economy In the fourth quarter of 2019, the United States grew at an annual rate of The United States 2019 overall growth rate of was down from the 2018 rate of (Source: BEA) In April 2020, the unemployment rate was , up from in April 2019. (Source: CPS ) Employment Figure 1: United States Employment by Business Size (Employees) fewer than 2020 to 99100 to 499more than 5000 20M40M60M80M100M120M2000200520102015 United States Small businesses employed million people, or of the private workforce, in 2017.
U.S. Small Business Economic Profile Author: SBA Office of Advocacy Subject: United States small business economic profile prepared by the US Small Business Administration's Office of Advocacy Keywords: small business, statistics, state data, employment, income, employees, workforce, demographics, United States Created Date: 6/3/2020 3:00:21 PM
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