New data from the U.S. Census Bureau indicates that the tightening labor market is disproportionately impacting smaller businesses. 23.4 percent of small businesses cited labor needs in August 2020, which increased to over 40 percent at the end of March 2022. At the end of 2021, small businesses…
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Small Business Facts
Small Business Facts: Small Business Job Creation
Despite losing 9.1 million jobs in the first two quarters of 2020, small businesses job growth rebounded swiftly…
Small Business Facts: Equally Male/Female-Owned Employer Businesses
Equally-owned businesses, which are businesses half owned by men and half owned by women, totaled 860,754 …
Small Business Facts: Science/High-Tech Workers and Small Firms
Small businesses play a special role in innovation. In 2018, 37% of high-tech workers worked for small businesses.…
The Pulse of Small Business: An Industry Breakdown
The COVID-19 pandemic has disproportionately impacted businesses that typically require more person to person …
Small Business Facts: Pandemic Pressures City Businesses
The COVID-19 pandemic has disproportionately impacted metropolitan areas, which have seen a higher rate of small…
Small Business Facts: Restaurants and Bars Staggered By Pandemic
In May 2020, employment in leisure and hospitality was down 41 percent relative to May 2019, compared to declines…
Small Business Facts: Small Business Employment Plummets
Since a declaration of emergency for COVID-19 was issued on March 13, 2020, total private employment dropped by…
Small Business Facts: Early Data Show Severe Disruptions
Data collected in the course of administering government programs can provide timely information about changing…
Small Business Facts: Spotlight on Community Bank Lending
In the fourth quarter of 2018, there were over 1.4 million outstanding small business loans held by community…