Start-up Firms in the Financial Crisis
Start-up firms are a key feature of the U.S. econoomy. Annually, start-ups account for about 20 percent of all companies. On average, they create 3 million jobs per year, somewhat more than 5 percent of total job creation. But, by 2009, in the depths of the Great Recession, the rate of job creation at start-ups has fallen significantly, to about 2 million jobs per year, as a result of fewer start-ups and/or fewer jobs at each start-up. Although job creation at start-ups should increase as the economy recovers, it is worth asking whether the financial crisis will have a lasting effect.
|Date of creation:||2011|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.brandeis.edu/global/about/centers/rosenberg/global-briefs.html|
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