The Business Administration recently released the 2012 Small Business Economy, its statistical report on small business. Because the report provides the latest available data on several key small business statistics, its publication provides me with an opportunity to update five charts that I have published at various times in various places, including Small Business Trends.
Employer Firms Continue to Shrink as a Fraction of all Businesses
As the figure below shows, businesses with employees comprised only 20.6 percent of all U.S. companies in 2010, down from 26.4 percent in 1997.
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