Great article and chart from the New York Times illustrating the frightening decline in entrepreneurship caused by this recession.
A new paper from the Federal Reserve Bank of Cleveland tracks various measures of entrepreneurship over the last few years. It found that the number of businesses with employees one indicator of entrepreneurial activity, like self-employment took a nosedive
Young businesses (not small businesses, despite what politicians may tell you) are the biggest engines of job growth. With so few businesses forming, hiring is staying very depressed. And the main problem in the job market is not layoffs which are at a record low but new hiring.
Read more here: A Decline in American Entrepreneurship
