(KANSAS CITY, Mo.), March 23, 2011 – In 2009, at the height of the Great Recession, the economy saw historically large declines in job creation rates from startup and existing firms—the lowest rates in nearly 30 years—while job losses also increased. From 2006 to 2009, the overall job creation rate fell 4 points (from 16.5 percent), and among startups the job creation rate fell by 1 point (from 3 percent). However, compared to 2006 rates this represents a 25 percent decrease in overall job creation and a 34 percent decline among startups. Despite this grim reality, new and expanding firms still created more than 14 million new jobs.
To read the full, original article click on this link: Job Creation in the U.S. Hits 29-Year Low at Peak of Great Recession, According to New Census Bureau Data
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Barbara Pruitt, 816-932-1288; This email address is being protected from spambots. You need JavaScript enabled to view it., Kauffman Foundation
