💪 Startups Are the Main Driver of U.S. Job Growth

What We’re Showing:

This chart tracks net employment gains in the U.S. by startups and established businesses.

Data is sourced from the Bureau of Labor Statistics, published January 2024.

 ℹ️ Startups are firms that are less than 1 year old

😎 America’s Entrepreneurs Are Keeping the Job Market Ticking

Startups, by definition, are job creators in the economy as they add more jobs than they cut in their first year.

On the other hand, older businesses tend to cut more jobs than they add, even when accounting for expanding operations. 

But in 2022, they bounced back, creating net job gains after the pandemic losses.