2012 Q3 data from the Bureau of Labor Statistics shows that Colorado has about 171,000 private sector firms. Only 238 of those firms, or 0.1%, have 500 or more workers. There are just under 19,000 firms, or 11.0%, with 20 to 499 workers. The majority of firms have fewer than 20 workers. Almost 152,000 firms, or 89%, are in this category.
About 1.9 million workers are employed at these private sector firms. About 238,000 workers, or 12.5%, are employed at these firms. Almost 1.1 million workers, or about 58%, are employed at firms with 20 to 499 workers. Finally, the firms with fewer than 20 workers employ about 572,000.
While the bulk of Colorado’s firms are small (<20), the majority of workers are employed at firms with 20 to 299 workers.
Note: A similar comparison for the number of firms and total wages can be found by clicking here.
©Copyright 2011 by CBER.