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SMES create more and better jobs
European SMEs create 85% of new jobs between 2002 and 2010. Between 2002 and 2010, SMEs have secured 85% of net created job in EU. The study "Do SMEs create more and better jobs?" January 16, 2012 presented by the European Commission reveal relevant results. The study also emphasizes the role of young firms (less than five years old) who are responsible for the vast majority of new jobs. In a crisis, the capacity to innovate is also considering to be the best development tool. Performance of innovative firms and those based in innovative countries present the best growth rate of employment. Conversely, 'traditional' SMEs were vulnerable to the economic crisis. On the last study period (2009-2010), they have lost 2.4% per year of their employment against 0.95% for large companies.