You are wrong, Joe. Just wrong. And if you are wrong and are POTUS, you destroy lives. Just like you did when you were VP.
Applications to form businesses in the U.S. surged unexpectedly in the third quarter, signaling the labor market may recover more quickly from the coronavirus financial crisis than during previous recessions.
“New businesses play an important role in job creation...New business formation is critical for the employment outlook, with new and younger firms historically accounting for the lion’s share of net job growth,” according to a new research note from Goldman Sachs.
Business creation declines in a typical recession, but this pandemic is shaping up to be an anomaly. While the official Census data for business formation for the third quarter will be published on Oct. 14, the Census reported a total of 97,190 business applications for the week ending Sept. 19, representing a 45.1% year-over-year jump. Looking back at the second quarter data, total business applications reached an all-time high of 883,174 applications.
finance.yahoo.com
Applications to form businesses in the U.S. surged unexpectedly in the third quarter, signaling the labor market may recover more quickly from the coronavirus financial crisis than during previous recessions.
“New businesses play an important role in job creation...New business formation is critical for the employment outlook, with new and younger firms historically accounting for the lion’s share of net job growth,” according to a new research note from Goldman Sachs.
Business creation declines in a typical recession, but this pandemic is shaping up to be an anomaly. While the official Census data for business formation for the third quarter will be published on Oct. 14, the Census reported a total of 97,190 business applications for the week ending Sept. 19, representing a 45.1% year-over-year jump. Looking back at the second quarter data, total business applications reached an all-time high of 883,174 applications.
A powerful source of job creation is on a record-breaking upswing
Applications to form businesses in the U.S. surged unexpectedly in the third quarter, signaling the labor market may recover more quickly from the coronavirus financial crisis than during previous recessions.
