Black employer-firm count reaches series high in Census ABS

01 · What happened

Black-owned employer businesses grew faster than all U.S. employer firms in the latest Annual Business Survey release.

02 · Why it matters

Black-owned employer firms represented roughly 2–3% of all employer businesses for most of the past two decades, despite Black Americans being ~13% of the population. Sustained growth since 2020 marks the longest expansion in the series.