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Monday, June 13, 2011

Number of new businesses will influence the number of new jobs and employment

Today’s USA Today offers some insight into the relatively small number of new businesses that have been launched in the year ending March, 2011… and how that modest start-up rate has impacted the rate of employment.  Click here to see the story.

Implications:  The rate of employment directly relates to the velocity of the recovery, IMHO.  So instead of just watching employment numbers, it’s smart to watch those issues that might shed light on future employment intentions.

By the way, I noticed in this story that between 2001 and 2007, companies with fewer than 500 workers added nearly 7 million employees… which businesses with a payroll of 500 or more cut nearly a million jobs.

Is your company prepared to serve this trend toward smaller U.S. businesses, going forward?

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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