Where Will the Jobs Come From? is a new study from the Kauffman Foundation showing that newly created and young companies are the primary drivers of job creation in the United States.
According to the report, in 2007 young firms in their first 5 years of operation created 75% of all new jobs added to the U.S. economy.
Also interesting are the leading job creating industries. Food and accommodation was first, health care second and retail 3rd. Combined, these three industries created close to 40% of new job jobs in 2007. The chart below is from the report.
Job creation is the number one issue facing families and policy makers during this economic recession, and this study shows that new businesses and entrepreneurs are the key factor in adding new jobs," said Kauffman Foundation president and CEO Carl Schramm. "If the U.S. economy is going to have a sustained recovery, it will be up to entrepreneurs to lead the way.
Posted by: micro sd | December 14, 2009 at 03:28 AM