U.S. middle market companies—businesses with annual revenues between $10 million and $100 million—have maintained the significant increase in hiring reported in the first quarter of 2014.
During the second quarter, more than 40 percent of middle-market companies added jobs compared to one year ago, according to the National Center for the Middle Market’s
2Q2014 Middle Market Indicator report.
Employment growth for mid-market businesses over the past 12 months was 3.2 percent or an estimated additional 750,000 jobs so far in 2014.
Projections show continued job growth
Looking forward, almost half (47 percent) of middle market firms expect to add workers over the next 12 months. If they deliver on projected job growth of 3.3 percent, the sector will create 59 percent of all new U.S. jobs in 2014.
Leaders in the core middle market (annual revenue between $50 million and $100 million) are showing more caution in hiring prospects for the coming year than both their larger and smaller counterparts.
Click to read more in the 2Q2014 MMI.