The Great Recession has reinvigorated America?s entrepreneurial spirit. As the job market soured during the housing market crisis and ensuing economic swoon, business creation rates soared to record heights. We averaged fewer than 29 new start-ups per 100,000 people each month from 2000 to 2007 ? when the unemployment rate averaged 5.0% ? and that number rose to 33 start-ups per month from 2008 to 2011 ? when joblessness climbed as high as 9.6%, according to data from the Bureau of Labor Statistics as well as the Kauffman Foundation.
Office of Strategic Communication