The updated United States Small Business Profile just released by the Office of Advocacy of the U.S. Small Business Administration (SBA) reported that small businesses added 1.9 million net new jobs, according to the latest data available.
Small businesses have employed in excess of 50% of the country's non-farm private-sector workforce, making this diverse market segment "America's job-creating dynamo," according to the Office of Advocacy's chief economist.
A powerhouse to be reckoned with, there are an estimated 26.8 million small businesses of which 6.1 million are employer firms. There are 6.5 million women-owned firms according to the latest data, and those businesses generated $940.8 billion in revenues.
The updated and most recent data also shows that the U.S. had 1.1 million Asian-owned firms, 1.2 million Black-owned firms, 1.6 million Hispanic-owned firms, 201,400 Native American-owned firms, and 28,900 Native Hawaiian and Pacific Islander-owned firms.
Dubbed the "small business watchdog", the Office of Advocacy of the federal government examines the role and status of small business in the U.S. economy and is a regular and impartial source of small business statistics.
Shivonne Byrne, Innuity CMO
that's nice...! I pray that the time will come everyone who seek job, can get in much easy ways.
Posted by: freelance writing | September 29, 2011 at 02:16 PM