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Why It Matters That New Businesses Are Creating Jobs More Slowly Than a Decade Ago
November 19, 2015/
Newly formed businesses are adding jobs at a much slower pace than a decade ago, a factor that’s containing employment gains even six years into the expansion.
The number of jobs created by new businesses fell 7% in the first quarter from the fourth quarter of 2014 on a seasonally adjusted basis, the Labor Department said this week. From a decade ago, the figure is down 18%.
By Eric Morath
