Small Business and Job Creation

According to the SBA’s Office of Advocacy, small business employment rebounded from the depths of COVID-19. During the first two quarters of 2020, small business employment declined by 9.1 million. The net loss of 8.6 million jobs in the second quarter of 2020 is the biggest quarterly loss since the beginning of the data series in 1992. However, small business employment grew rapidly after that. What’s more, small businesses have accounted for 66% of employment growth over the last 25 years. #IdeaoftheDay