US Edition
What Kinds of Small Businesses Are Doing the Best?
- Small businesses, defined as firms with fewer than 500 employees, significantly contribute to the U.S. Economy and employment as of 2024.
- This prominence arises because small businesses generate nearly 44% of GDP, employ half of private-sector jobs, and create over 70% of net new jobs since 2019.
- Among thriving sectors, private home care agencies form 25,700 firms with 1.5 million workers and expect 21% job growth from 2023 to 2033, faster than average.
- However, small businesses face challenges as tariffs that vary unpredictably raise costs, forcing price increases that risk pricing some firms out of the market.
- Despite economic uncertainty, technological advances and innovation support small business resilience, though future sector performance remains uncertain.
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35 Articles
35 Articles
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27
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Small businesses keep our communities strong
WASHINGTON, D.C. — Every year, during National Small Business Week, we recognize and celebrate the contributions that our small businesses make to our economy and our communities. From family-owned-and operated enterprises spanning generations to young entrepreneurs pursuing the American Dream,…
Coverage Details
Total News Sources35
Leaning Left1Leaning Right1Center27Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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