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The benefits of working for a small business
Today's small businesses, those with fewer than 50 workers, offer their employees a wide variety of benefits. Among the most frequently offered benefits were paid time off work, with vacation and holidays available to 67 percent and 68 percent of workers, respectively. Slightly more than half of workers (51 percent) in small businesses were given the opportunity to participate in a medical plan through their company. Defined contribution plans, such as 401(k)-style plans, were available to 47 percent of workers in small businesses while access to defined benefit plans, like pension plans, was lower at 7 percent.
State | December 2018 (p) | December 2017 | Over-the-year change (p) | Statistically significant? |
---|---|---|---|---|
New Mexico |
4.7% | 6.0% | -1.3 percentage point(s) | Yes |
Alaska |
6.3 | 7.2 | -0.9 | Yes |
Georgia |
3.6 | 4.5 | -0.9 | Yes |
North Carolina |
3.6 | 4.5 | -0.9 | Yes |
Oklahoma |
3.2 | 4.1 | -0.9 | Yes |
South Carolina |
3.3 | 4.2 | -0.9 | Yes |
Delaware |
3.7 | 4.5 | -0.8 | Yes |
New York |
3.9 | 4.7 | -0.8 | Yes |
Virginia |
2.8 | 3.6 | -0.8 | Yes |
Michigan |
4.0 | 4.7 | -0.7 | No |
New Jersey |
4.0 | 4.7 | -0.7 | Yes |
Florida |
3.3 | 3.9 | -0.6 | Yes |
Illinois |
4.3 | 4.9 | -0.6 | No |
Missouri |
3.1 | 3.7 | -0.6 | No |
Pennsylvania |
4.2 | 4.8 | -0.6 | No |
Rhode Island |
3.9 | 4.5 | -0.6 | No |
Connecticut |
4.0 | 4.5 | -0.5 | No |
Iowa |
2.4 | 2.9 | -0.5 | Yes |
Minnesota |
2.8 | 3.3 | -0.5 | No |
Nevada |
4.4 | 4.9 | -0.5 | No |
South Dakota |
2.9 | 3.4 | -0.5 | Yes |
District of Columbia |
5.5 | 5.9 | -0.4 | No |
Idaho |
2.6 | 3.0 | -0.4 | No |
Montana |
3.7 | 4.1 | -0.4 | No |
Washington |
4.3 | 4.7 | -0.4 | No |
California |
4.2 | 4.5 | -0.3 | Yes |
Ohio |
4.6 | 4.9 | -0.3 | No |
Texas |
3.7 | 4.0 | -0.3 | No |
West Virginia |
5.1 | 5.4 | -0.3 | No |
Kansas |
3.3 | 3.5 | -0.2 | No |
Maryland |
3.9 | 4.1 | -0.2 | No |
Massachusetts |
3.3 | 3.5 | -0.2 | No |
Vermont |
2.7 | 2.9 | -0.2 | No |
Wisconsin |
3.0 | 3.2 | -0.2 | No |
Arkansas |
3.6 | 3.7 | -0.1 | No |
Kentucky |
4.4 | 4.5 | -0.1 | No |
Mississippi |
4.7 | 4.8 | -0.1 | No |
Nebraska |
2.8 | 2.9 | -0.1 | No |
New Hampshire |
2.5 | 2.6 | -0.1 | No |
Oregon |
4.1 | 4.1 | 0.0 | No |
Utah |
3.2 | 3.2 | 0.0 | No |
Wyoming |
4.1 | 4.1 | 0.0 | No |
Alabama |
3.9 | 3.8 | 0.1 | No |
Arizona |
4.8 | 4.7 | 0.1 | No |
North Dakota |
2.7 | 2.6 | 0.1 | No |
Indiana |
3.6 | 3.4 | 0.2 | No |
Louisiana |
4.9 | 4.7 | 0.2 | No |
Maine |
3.4 | 3.1 | 0.3 | No |
Tennessee |
3.6 | 3.3 | 0.3 | No |
Hawaii |
2.5 | 2.1 | 0.4 | No |
Colorado |
3.5 | 3.0 | 0.5 | No |
Footnotes: (p) Preliminary. |
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, DEWS WorkBench Patch 732_20200310 at https://www.bls.gov/opub/ted/2020/dews-workbench-patch-732_20200310.htm (visited August 12, 2022).