The Only Answer for Jobs is Also Our Biggest Problem

E.L. Beck:

Small business, independent proprietors, self employment: the only answer to the dearth of job growth in the U.S. But there are plenty of problems here…

Originally posted on Fabius Maximus:

Summary:  Small businesses are an important part of the US economy.  Some indicators of their health are flashing yellow alert signals, here we look at three such. The consensus of economists remain optimistic about the economy. Just as they were in early 2008.  And they’ve never predicted a recession.

20121207-small-business

Contents

Small businesses comprise 46% of US private nonfarm GDP and 60 million employees.  Here we look at two indicators.

  1. Tales of small businesses: annec-data
  2. Wells Fargo/Gallup survey of small businesses
  3. Update: Thomson Reuters/PayNet Small Business Lending Index
  4. Update: NFIB Small Business Optimism Index
  5. Other posts in this series
  6. For More Information

(1 ) Tales of small businesses: anecdotal data

Interview of Richard Yamarone (Senior Economist at Bloomberg, 30 years experience as a Wall Street economist), by Kate Welling published at Welling ON Wall St, 30 November 2012:

The fiscal cliff actually doesn’t seem to be all that…

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