There is a hopeful sign that our economy, and particularly our entrepreneurial economy, is bouncing back. After a few months of sluggishness, we are seeing increases in employment.
An overall view of employment shows a drop in unemployment in August, according to data just released by the Bureau of Labor Statistics.
And in the NFIB membership survey for August, just released this morning, there is an indication of a significant strengthening of employment in small business, with 55% of those surveyed reporting that they hired or tried to hire new employees in August. This improvement in small business hiring is critical, as small business is now 50% of our GNP and consistently accounts for about 70-80% of new job creation in the US.
