Role of Microbusinesses in the Economy

Microbusinesses are those with fewer than 10 employees. While microbusinesses are the most common kind of employer, they account for a relatively small share of employment.

10.8

The percent of private-sector jobs provided by microbusinesses.

62

The percent of microbusinesses that are more than five years old.

75.3

The percent of all private-sector employers that are microbusinesses.

85

The percent of finance, insurance and real estate firms that are microbusinesses (those combined businesses have the highest share of microbusinesses).

3.7 million

The number of American microbusinesses.

Source: Small Business Administration Office of Advocacy