Business · FF-003

U.S. Small Business Economy

Explore the scale of U.S. small business, its workforce and payroll footprint, and the opening, closing, and job-creation dynamics behind the headline count.

Small-business profile 2026Business dynamics Mar. 2023–Mar. 2024Sources SBA / Census / BLSUpdate cadence Annual
U.S. small businesses36.2M2026 SBA FAQ
Share of businesses99.9%2026 SBA FAQ
Small-business employees62.3M45.9% of private-sector workers
Share of private payroll38.7%SBA Office of Advocacy

Interactive comparison

Small business at a glance

Switch between economic footprint, establishment dynamics, and job flows.

Economic footprint

Small businesses dominate the business count and employ nearly half of private-sector workers

Businesses classified as small99.9%SBA definition varies by industry
Private-sector employment45.9%62.3 million workers
Private-sector payroll38.7%SBA Office of Advocacy
GDP contribution43.5%economic activity attributed to small business

Employer dynamics

More establishments opened than closed

Establishments opened1.281MMar. 2023–Mar. 2024
Establishments closed1.126Mincludes temporary closures
Net establishment change+155,311openings minus closings
Small-business openings1.1Mabout 86% of openings

The SBA state profiles use BLS Business Employment Dynamics for openings, closings, expansions, contractions, and associated job flows.

Employment dynamics

Small businesses contributed most of the net job increase in the profile period

Jobs added14.4Mopening + expanding establishments
Jobs lost13.0Mclosing + contracting establishments
Net job increase1.4Mall establishments
Small-business net jobs1.2M88.9% of net increase

What counts as business data?

Use the right federal dataset for the question

DatasetBest forCurrent role on this page
SBA Office of AdvocacySmall-business counts, employment shares, GDP and payroll contextHeadline small-business profile
Census SUSBEmployer firms, establishments, employment and annual payroll by geography, industry and enterprise sizeUnderlying annual employer-business framework
BLS Business Employment DynamicsOpenings, closings, expansions, contractions and job flowsBusiness and employment dynamics
Economic CensusFive-year benchmark of firms, establishments, employment, payroll and revenueDeep benchmark / future expansion

Methodology & sources

About these figures

This page deliberately separates the latest SBA small-business profile from older Census benchmark datasets. The 36.2 million count includes employer and nonemployer small businesses, while Census SUSB covers establishments with paid employees. Those concepts should not be added together or treated as interchangeable.

Small-business source: SBA Office of Advocacy, FAQ 2026 · Employer-business source: Census Statistics of U.S. Businesses · Benchmark source: U.S. Economic Census.

CalculateMeasure refresh: Aug. 22, 2026 · Review cadence: Annual, with source-triggered review when SBA profiles, Census SUSB, or relevant BLS business-dynamics releases update.