One chart shows why your next job probably won't be at a big company — and where hiring is actually happening
Recent labor data indicates that small businesses are responsible for over 92% of new hires in the US, a trend that has accelerated since the pandemic. Experts suggest that job seekers may find more opportunities by looking beyond large, well-known corporations.
Why it matters
Understanding shifting hiring patterns helps job seekers optimize their search strategies in a cooling labor market.
The smallest businesses have accounted for a growing share of US hiring in recent years. David lopez pelaz/Getty Images More than 92% of US hires come from employers with fewer than 1,000 workers. Small businesses have gained a larger share of hiring since the pandemic. Job seekers may have better luck looking beyond household-name companies. If you're hoping your next job will be at a company all your friends have heard of, the odds may be stacked against you. Not because of your resumé — but because the overwhelming majority of hiring happens at smaller employers . While smaller employers have long accounted for most hiring, more than 92% of hires in May came from US business establishments with fewer than 1,000 employees, according to federal government data. The very smallest businesses have gained an even larger share in recent years.
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