Start-up Rate Plummets as Fragile Economy Deters Entrepreneurship

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Start-up activity plummets in first half of 2010.

A new survey shows that start- up activity plummeted in the first half of 2010 as would-be entrepreneurs were either scooped up by employers or scared off by fragile economic conditions, a tight lending market and uncertainty over the sustainability of the recovery.

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U.S. Job Seekers Outnumber Job Openings Six to One

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Job seekers queue up to attend a job fair  in Chicago.

Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.  Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed.

 

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