Fewer Small Business Start-Ups Mean Fewer Jobs

Filed under: Economic Data, Entrepreneurs, Small Business, Recession

Fewer business start-ups are being launched, reports the the Wall Street Journal. The Labor Department said that the number of companies with at least one employee fell by 100,000, or 2%, in the year ended March 31. That was the second worst performance in 18 years -- the worst one was a drop of 3.4% the previous year.

Why are these numbers important? In past recessions small business start-ups were the key to spurring the economy. In the three quarters that ended in March, newly formed companies created only 2.6 million jobs, 15% fewer than in the first three quarters of the last recovery.

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Fewer Small Business Start-Ups Mean Fewer Jobs originally appeared on BloggingStocks on Sun, 21 Nov 2010 11:10:00 EST. Please see our terms for use of feeds.

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