it was converted to.
There are more than 36 million small businesses operating in the U.S., accounting for 46% of all private sector employment, according to the U.S. Small Business Administration. That’s over 62 million people. In the three years after the pandemic, small firms led the U.S. in hiring, accounting for 53% of new job creation during that time. In 2025, it looks like the money they were reserving for hiring new workers has gone to paying the cost of Trump’s tariffs instead.
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