Privately Owned Companies Are the Lifeblood of the US Economy

Apollo Chief Economist

Worldwide employment in all US multinational companies is 44 million.

About 70% of employment in US multinational enterprises, or about 30 million jobs, are in the US, and 14 million jobs in US multinational firms are outside the US.

With total nonfarm payrolls in the US at 159 million, 19% of US employment is in multinational enterprises.

Put differently, more than 80% of jobs in the US economy are outside the S&P 500 companies, and privately owned companies continue to be the lifeblood of the US economy.

For more, see this new data from the BLS.

Employment by US multinational enterprises
Source: US Bureau of Economic Analysis, Apollo Chief Economist

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