Q2 2021 Year-Over-Year Revenue and Employment Growth Rates Soar; But Recovery Is Not Universal

Overall, the U.S. middle market has returned to strong year-over-year growth following 12 months of stagnant or declining revenue and employment growth rates, indicating that recovery from the pandemic is well underway across all industry segments. Economic confidence has risen above pre-pandemic levels and expansionary activity has resumed for some businesses. Yet, a third of companies have yet to fully join in the recovery with approximately one out of five businesses continuing to report decreases in revenue and employment. Investment appetites remain conservative as well. Looking forward, future growth projections are strong and many business leaders who are currently inclined to hold cash indicate that they would do so with specific future investments in mind.

Year-End 2023 Webinar Recording

Watch the recording from our latest webinar where Doug Farren, Managing Director of NCMM, reviewed the latest research. You can download the presentation slides here


Work With Us

Whether you operate a middle market business, run an organization that serves middle market companies or are otherwise invested in the middle market’s success, the National Center for the Middle Market welcomes and values your contributions. The center offers several ways for organizations to partner with us. Learn more below about the ways you can work with the center and play a vital role in advancing the middle market’s prosperity. 


2Q 2021