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Businesses with less than 1,000 employees made 92% of May hires

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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

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.