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United States Small Business Economic Profile

United States Small Business Profile , 20161 SBA Office of AdvocacyUNITED millionSmall millionSmall Business US US millionnet new in US exporters3 OVERALLUS ECONOMY Multiple Economic indicators, including real gross domestic product (GDP), consistently signaled a strengthening USeconomy in 2015. In the third quarter of 2015, the United States grew at an annual rate By comparison, theUnited States s 2014 growth up from the 2013 level (Source:BEA) The employment situation in the United States improved. At the close of 2015, unemployment , down the close of 2014. (Source:CPS)EMPLOYMENT US Small businesses millionpeople, the private workforce, in 2013. (Source:SUSB) Firms with fewer than 100 employees have the largest shareof Small Business employment.

Small businesses are defined as firms employing fewer than 500 employees. Hyperlinks to data sources and report generation information are provided in Table 3. 1,3 Net small business jobs change and exporter share are based on newly released 2013 BDS and 2012 ITA data.

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