The official blog of The Daily.
Download the app for the full interactive experience.
Bad news for American business: entrepreneurship is dropping as many small-business owners abandon self-employment for salaried jobs.
In April, only 14.6 million U.S. residents were self-employed — that’s 10 percent fewer than five years ago, according to federal data released Friday. In that same window of time, the self-employment rate — or the percentage of all workers who are self-employed — has dropped almost a full percentage point to 10.3 percent.
Meanwhile, the rate of entrepreneurship is slowing. The share of U.S. residents who tried to launch businesses last year dropped 5.9 percent from the year-earlier period, according to a May report from the Kauffman Foundation of Entrepreneurship.
15 Notes
-
writingcapital reblogged this from thedailyfeed
-
eightynine reblogged this from thedailyfeed and added:
Why can’t they just borrow money from Mitt Romney’s parents?
-
chunkybrain reblogged this from thedailyfeed
-
wobblebox5 likes this
-
fearinertia reblogged this from thedailyfeed and added:
I’ll see what I can do to up those numbers by one.
-
dinested likes this
-
iwishihadanego likes this
-
fedkicker reblogged this from thedailyfeed
-
marshmallow-lazer likes this
-
lemonlaid reblogged this from thedailyfeed and added:
In April, only 14.6 million U.S. residents were self-employed — that’s 10 percent fewer than five years ago, according...
-
ulaulaman likes this
-
un reblogged this from thedailyfeed and added:
The banks lobbied to remove bankruptcy laws under the guise of “stopping people from racking up credit card debt and...
-
misterdodo reblogged this from thedailyfeed
-
thedailyfeed posted this
