Question

What percentage of net new jobs do small businesses create annually?

a. from 10 to 25 percent
b. from 40 to 50 percent
c. from 60 to 80 percent
d. from 85 to 100 percent

Answer 1

Small businesses create from 60 to 80 percent of net new jobs annually.

Step-by-step explanation:

The percentage of net new jobs created by small businesses annually is from 60 to 80 percent. Slightly less than half of all workers in private firms are at the large firms employing more than 500 workers. Another 35% of workers are employed by firms with fewer than 100 workers. These small-scale businesses range from dentists and lawyers to businesses that mow lawns or clean houses. Based on the given information, small businesses create a significant percentage of net new jobs each year.