Employment Impact by Ethnicity (2020–2022)
The Annual Business Survey reveals that 78,360,618 businesses employed 895,895,070 people across 3 years of data, with significant variations across ethnic groups. Non-Hispanic firms lead employment generation, creating an average of 26.7 jobs per firm—133.5% above the national average of 11.4 jobs per firm.
Jobs per Firm by Ethnicity
Key Metrics:
- Non-Hispanic: 26.7 jobs/firm
- Total Employment: 895,895,070 jobs
- Average Across All Groups: 11.4 jobs/firm
Total Economic Impact
Employment Distribution:
- Hispanic-Owned Firms: 5,801,216 businesses, 43,992,925 jobs
- Non-Hispanic-Owned Firms: 72,559,402 businesses, 851,902,145 jobs
- Combined Economic Impact: Supporting 895,895,070 American jobs
Industry Performance by Ethnicity
Top Industries:
- Agriculture: 47.0 jobs/firm
- Accommodation & Food: 13.5 jobs/firm
- Manufacturing: 13.0 jobs/firm
Key Insights
- Scale: Non-Hispanic businesses demonstrate 133.5% higher job creation capacity than the national average.
- Industry Leadership: Top-performing sectors average 24.5 jobs per firm, with Agriculture leading at 47.0 jobs per firm.
- Growth Potential: Data suggests significant employment expansion opportunities, particularly in Agriculture and Accommodation & Food.
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Source: U.S. Census Bureau Annual Business Survey (ABS) 2020–2022
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