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Amex & D&B: Middle market firms have created 92% of all jobs since 2008

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Amex & D&B: Middle market firms have created 92% of all jobs since 2008

While comprising a tiny fraction of all US businesses, the middle market is the jobs engine of America.

According to a new report by American Express and Dun & Bradstreet, middle market companies have made a remarkably outsized contribution to jobs growth in post-recession America.

The recently-issued report, The Middle Market Power Index: Catalyzing US Economic Growth, indicates that middle market firms have dominated post-recession employment gains. While smaller commercially-active firms employ the largest share of the country’s workforce (42%, compared to 28% in middle market firms and 30% in the largest enterprises), the greatest increase in hiring has come from middle market firms.

"Middle market enterprises collectively employ over 50 million workers as of 2014 and generate nearly $6.2 trillion in revenues."

Since 2008, private sector employment among all commercially-active businesses is up just 1.3%. However, among middle market firms employment has grown by 4.4% over the past six years, compared to a significantly lower 1.6% increase among larger enterprises and a 0.9% decline among smaller businesses.

Put another way, fully 92% of the nearly 2.3 million net new jobs added by commercially-active firms since 2008 have come from middle market enterprises.

According to the report, middle market enterprises collectively employ over 50 million workers as of 2014 and generate nearly $6.2 trillion in revenues.  These figures differ somewhat from previous studies of the size of the middle market, but are consistent in highlighting the significant impact of such firms on the US economy.

For the full report, click here.

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