This article features Forbes' small business statistics for 2023. Give it a read for interesting insights that shed light on the state of small businesses today.
What percentage of U.S. businesses are small businesses?
Small businesses make up a significant portion of the U.S. business landscape, with approximately 99.9% of all U.S. businesses classified as small. This translates to around 33.3 million small businesses, highlighting their crucial role in the economy.
How many employees do small businesses typically have?
While over 80% of small businesses operate without any employees, they collectively employ about 61.6 million people, which accounts for nearly 46% of the entire U.S. workforce. This indicates that small businesses are vital for job creation, despite many being solo ventures.
What industries are expected to see job growth?
The home health and personal care sector is expected to see the highest job growth, with an estimated increase of 22% and over 804,000 new jobs projected in the next decade. Additionally, the individual and family services industry is anticipated to add over one million jobs between 2019 and 2029, reflecting a growing emphasis on social welfare and mental health services.
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