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Some Trends in Need Of Reversal

Check out the figures on this Bureau of Labor Statistics site. Taken as a whole they paint a highly negative picture of new firm formation, the...

Check out the figures on this Bureau of Labor Statistics site. Taken as a whole they paint a highly negative picture of new firm formation, the jobs they create, and their survival rates. Clearly, the recession has had a major negative impact on each of these trends, at least through 2010. Given the historical importance of new firms and their growth in generating jobs and gains in future living standards, the U.S. economy clearly needs a strong entrepreneurial resurgence if it is to get its mojo back in a big way on a sustained basis.