The Payroll Blog

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[Infographic] How Small Businesses Drive the U.S. Economy

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Stefan Schumacher

While companies like Walmart and Home Depot make headlines as bellwethers of the U.S. economy, small businesses create more than 60 percent of new jobs.

That's why tracking the progress of small firms is so important to us.

We know companies are a big driver of the economy, but just how much do small businesses contribute to hiring, growth, innovation?

The infographic below takes a look under the hood of the small business economy to show you just how much small businesses contribute.