Americans started fewer businesses in 2013 for third consecutive yearly decline in entrepreneurship

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4/8/14, "Americans started fewer businesses last year. Here’s why that bodes well for the economy." Washington Post, J.D. Harrison

"Not as many individuals started companies last year as the year prior, according to a new analysis of government data, continuing a three-year decline in entrepreneurship in the United States....

While the percentage of Americans who launched a new business last year slipped to 0.28 percent from 0.30 percent in 2012, researchers at the Kauffman Foundation, who conducted the analysis using data from the Census Bureau and Labor Department, say the decline has brought the rate of entrepreneurship back down to pre-recession levels, when the economy was growing steadily....

Researchers point out that the slight decline in start-up rates last year was spread rather evenly across age groups, ethnic groups and geographic regions. Men remain significantly more likely to start a business than women (0.34 percent to 0.22 percent), however, the latter closed the gap a little (0.38 percent versus 0.23 percent in 2012)."...

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Added: No matter what happens, if the entire US population starves to death, it's good, per the secretarial staff at the Washington Post.



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