The Entrepreneurial Mind

July employment data has been released. And while the payroll survey of employment announced today did not increase by as much as Wall Street's forecast (32,000 vs. 240,000), unemployment actually was lower than expected (down from 5.6 to 5.5 percent). Why? That often ignored household survey on employment, which measures total employment including entrepreneurial activity, increased by 629,000 in July! The entrepreneurial economy at work!