The number of big California employers dropped by 222 in the four years ended March 2023, only 1% of the total statewide. These large employers represent 1.2% of workplaces but control 41% of all jobs and were responsible for 52% of job creation in 2019-23.
Tracking establishments with 100+ workers is significant as they control 41% of jobs statewide. Despite being 1.2% of workplaces, big employers are crucial for economic wealth and job creation.
Big US employers are 1.6% of establishments but employ 42% of American workers, were 32% of four-year hiring, and equal 52% of combined paychecks.
Tracking business creation compared to closures is challenging. Success often happens quietly while failures generate attention. The departures of large employers have become high-profile events, unlike unnoticed arrivals.
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