Story thread · 3 reports / 3 sources

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

fastcompany.com · 13dShare

If you’ve only been applying for gigs at big companies, you may want to rethink where you’re sending job applications. According to data from the Bureau of Labor Statistics , nearly 93% of hires for privately held companies during May came from US business establishments with fewer than 1,000 employees. Companies with 10 to 49 employees made up the largest share of the month, followed by companies with 50 to 249 employees. Based on an analysis of federal data from Business Insider , companies with 5,000 or more employees have made up just 1% to 2% of hires over the last two decades, and seem to hire less than their number of job postings. In May, they posted about 3% of job openings but made fewer than 2% of hires, whereas companies with between 50 and 999 employees accounted for about 39% of job openings but around 43% of hires. However, as one economist told BI, some large employers may be reported as multiple companies depending on its structure. Still, hiring in recent years has gr

First report: AI and Layoffs: How Companies Are Talking to Employees and Investors — bloomberg.com, 15d