New business creation is thriving, and is back to pre-crisis levels in many OECD countries, generating millions of new jobs along the way.  However, most new firm and job creation has taken place in sectors with below average productivity, for example, in accommodation and food services in Greece, Ireland and the United Kingdom, and in construction in Italy and Norway. In almost every major OECD economy, the top three sectors generating the largest net employment gains over the period 2010 to 2016 were– restaurants, health and residential care activities, and these had below average labour productivity. In contrast, the level of jobs created in SMEs with above median productivity has been dropping since 2006. This has contributed to lower productivity growth rates in developed economies in recent decades.