December 08, 2005
The Bureau of Labor Statistics' New Data
The Bureau of Labor Statistics released its quarterly findings today in yet another study about the economy. The study seems to refute anybody who claims that small businesses are not important to the economy and gives more fuel to small-business advocates (such as NSBA) who continue their fight to show the Bush Administration why it should pay more attention to small businesses.
Two excerpts:
* "For example, the data show that, from September 1992 through March 2005, firms with fewer than 500 employees accounted, on average, for 65 percent of quarterly net employment growth, representing 13.5 million out of 20.6 million net jobs created by the total private sector."
* "All firm-size classes experienced at least one quarter of negative net employment change related to the 2001 recession, but the larger size classes experienced more quarters of net loss than the smaller classes."
Posted by Bee Line at 04:20 PM | Comments (0)