Employment
The unemployment rate for the Kansas City Metropolitan Statistical Area is 4.1% (April 2021), compared to the national rate of 5.7%.
Self-Employment
81% of all small businesses in the United States consist of the self-employed, according to the SBA.
Women Entrepreneurs
Between 2014 and 2019, the number of women-owned businesses climbed 21% to a total of nearly 13 million (12,943,400). Employment grew by 8% to 9.4 million. Revenue rose 21% to $1.9 trillion. As of 2019, women of color account for 50% of all women- owned businesses. An estimated 6,417,400 women-of- color-owned businesses employ 2,389,500 people (25% of total women-owned businesses’ employment) and generate $422.5 billion in revenue (23% of total women- owned businesses’ revenue), according to the annual State of Women-Owned Businesses Report, commissioned by American Express OPEN.
Jobs Created
From 2000 to 2019, small businesses created 10.5 million net new jobs while large businesses created 5.6 million. Small businesses have accounted for 65.1% of net new job creation since 2000, according to the SBA.