(KANSAS CITY, Mo.), March 7, 2011 – During the Great Recession, more Americans have become entrepreneurs than at any time in the past 15 years. However, while the economy and its high unemployment rates may have pressed more individuals into business ownership, most of them are going it alone, rather than starting companies that employ others.
According to the "Kauffman Index of Entrepreneurial Activity," a leading indicator of new business creation in the United States, 0.34 percent of American adults created a business per month in 2010, or 565,000 new businesses, a rate that remained consistent with 2009 and represents the highest level of entrepreneurship over the past decade and a half. In contrast, however, the quarterly employer firm rate has dropped from 0.13 percent in 2007 to 0.10 percent in 2010.
To read the full, original article click on this link: 'Jobless Entrepreneurship' Tarnishes Steady Rate of U.S. Startup Activity, Kauffman Study Shows
Author:
Rossana Weitekamp, 516-792-1462, This email address is being protected from spambots. You need JavaScript enabled to view it.
Barbara Pruitt, 816-932-1288, This email address is being protected from spambots. You need JavaScript enabled to view it., Kauffman Foundation
