According to federal data, companies with 10 to 49 employees made up the largest share of hires for the month. If you’ve only been applying for gigs at big companies, you may want to rethink where you’re sending job applications.
Businesses with less than 1,000 employees made 92% of May hires
Why This Matters
This data highlights the growing importance of small and medium-sized businesses in the hiring landscape, signaling a shift in employment opportunities away from large corporations. For job seekers and industry observers, understanding this trend can influence hiring strategies and economic outlooks. It underscores the vital role smaller companies play in driving employment growth and economic resilience.
Key Takeaways
- Small businesses with fewer than 1,000 employees accounted for 92% of May hires.
- Companies with 10 to 49 employees made up the largest share of new hires.
- Job seekers may find more opportunities by targeting smaller organizations.
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