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09 2011

Some employment statistics

Syndicated from: Paul Bridle

Here are some facts: Small firms in US: Represent 99.7 percent of all employer firms. Employ just over half of all private sector employees. Pay 44 percent of total U.S. private payroll. Have generated 64 percent of net new jobs over the past 15 years. Create more than half of the nonfarm private gross domestic product (GDP). Hire 40 percent of high tech workers (such as scientists, engineers, and computer programmers). Are 52 percent home-based and 2 percent franchises. Made up 97.3 percent of all identified exporters and produced 30.2 percent of the known export value in FY 2007. Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited. Canada: There are more than one million small businesses and about 2.7 million self-employed Canadians 98 per cent of Canadian businesses have less than 100 employees In 2009, small businesses alone employed about five million people About 16 per cent of working Canadians were self-employed that year Small businesses are major employers in industries that include retail, construction, accommodation, food, health care, forestry About 47 per cent of all small and medium-sized enterprises include “some degree” of female ownership, but only 17 per cent of those SMEs are majority-owned by women About 87 per cent of exporters are small businesses In UK: There are 4.8 million small businesses in the UK (up from 4 million in 2003) 3.6 million businesses are sole proprietors 1.3 million are companies of which 747,000 have employees 444,000 are partnerships 97 per cent of firms employ less than 20 people 95 per cent employ less than 5 people Over 500,000 people start up their own business every year Small and medium-sized firms employ more than 59.8 per cent of the private sector workforce 22.8 million people work in small and medium-sized firms Small firms contribute more than 49 per cent of the UK turnover 64 per cent of commercial innovations come from small firms Wholesale, Retail and Repairs was the biggest employer at the start of 2009 The 563,000 enterprises in this sector employed 4,853,000 people (21.3 per cent of all UK private sector employment) I believe that small and medium size business are the backbone of a strong economy. Too many large corporations (and Government) is dangerous for the economy. We need to encourage small and medium size business as a priority

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