Midsize companies will generate 70 percent of all job growth in 2013.
The United States middle market represents more than one-third of both the U.S. workforce and non-government U.S. GDP, but it is far outpacing those proportions in job growth. The National Center for the Middle Market (NCMM), located at the Ohio State University’s Fisher College of Business, has released data that projects that organizations with annual revenues between $10 million and $1 billion will account for 70 percent of all job growth nationally in 2013.
According to soon-to-be-released NCMM data, the nearly 200,000 companies that comprise the middle market project 2.5 percent employment growth in the coming year. Compare that to a projected national average of 1.11 percent. In addition, middle market companies project 5.8 percent revenue growth, much greater than the S&P 500’s estimated revenue growth (1.2 percent) and the Federal Reserve’s projected GDP growth (2.45 percent).
The Center focuses much of its research on the U.S. middle market economy and will release the data in its quarterly report Middle Market Indicator, which surveys 1,000 middle market executives. First released in 2012, the survey has shown that consecutive quarters of strong middle market performance are fueling a 20 percent increase in growth projections over last quarter, from 2.1 to 2.5 percent. The services sector projects the highest employment growth at 4.1 percent. The manufacturing sector showed the largest quarterly increase in growth projections, as they jumped 83 percent from 1.2 percent in Q1 to 2.2 percent in Q2.

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