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From the SBA: Fact Sheet on Small Business Job Creation

| May 04, 2022

Despite losing 9.1 million jobs in the first two quarters of 2020, small businesses job growth rebounded swiftly following the COVID-19 recession. In the four quarters following, small businesses have gained 5.5 million jobs, making up for 60% of the decline during the early pandemic.

Small businesses have generated 12.9 million net new jobs over the past 25 years, accounting for two out of every three jobs added to the economy. For more, read Advocacy’s latest fact sheet, “Small Business Job Creation.”

Access the Fact Sheet

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