Skip to comments.U.S. startups hits 25-year low
Posted on 02/15/2012 11:40:08 AM PST by Oldeconomybuyer
Unemployed Americans who started businesses last year was the lowest in at least a quarter-century.
In 2011, 3.3% of out-of-work Americans started businesses, compared to 4.7% in 2010. But recent start-up activity is anemic compared to 1989 when 20.3% of unemployed were starting businesses. Until 1997, start-up activity was typically in double digits.
Basically, it was not a very inviting environment for would-be entrepreneurs, said John A. Challenger, CEO of Challenger, Gray & Christmas. While big business definitely began to reap the benefits of the recovery in 2011, conditions were not nearly as fruitful for existing small business, let along those attempting to get up off the ground.
(Excerpt) Read more at jan.ocregister.com ...
This problem could easily be fixed with a $3 trillion dollar stimulus bill aimed at unions....
Wait. According to Romney and “The Five” we are in a recovery!
How can this be?
And let me say this is both Hugh and Surius!
Tell me about it. My last two start-ups died due to lack of funding.
Anyone interested in investing in the world’s cheapest pressure/flow/acceleration sensors?
The answer is simple. With unemployment payments spurring an economic boom so great that gas prices are going through the roof, there’s little need to start new businesses.
Why would anyone start a business with this over-regulated business climate?
Where did you hear this Faux News?!
Oh, no, not Fox?
Ok, well, the Republicans are killing business on purpose to hurt Obama! It’s all the fault of the Republican controlled House, not the Democrat controlled White House, Senate, and the more than 40 czars!
/< liberals, moderates and assorted other American morons>
Sarbanes Oxley. Guilty, Guilty, Guilty!
Thanks for the reminder.
I've got to fire up the CAD software at home every month or so to keep the processors from getting lazy and forgetting how to run 'em.
Used to have a pretty good little consulting/machine design business that I would run out of my home office.
Not even worth the time and money to print business cards in this CHARLEY FOXTROT.