America's smaller businesses are huge

Many folks look to the performance of the S&P 500, a collection of 500 of the largest public companies, as a baseline of the economy’s health.

Despite the size and influence of the companies in the index, they aren’t as giant when it comes to the workforce.

This chart from Deutsche Bank’s Torsten Slok shows that only 17% of workers in the US are employed by S&P 500 companies. So of the 141.6 million people employed in America, around 117 million work for small- or medium-sized companies.

Slok also notes that while hiring by the S&P 500 has decreased dramatically so far this year, small business have increased hiring in 2015.

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