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Small businesses, typically cited as the “engine of growth” for the American
economy, shed jobs faster than larger companies in the past decade…To see how they’re bouncing back now, click to view today’s full infographic from FaceThefactsUSA.org. Then check out all our facts so far here on our mobile site!
This is the 11th in a series* of 100 facts about big issues facing American voters which are being presented by www.FaceTheFactsUSA.org every day until the election to help Americans debunk myths, hold better conversations, get involved, and make choices as smarter citizens.
This series is brought to you courtesy of Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in any article re-posting to avoid copyright infringement.
Fact#11* Released: Aug. 9, 2012 Jobs and Economy
To see how they’re bouncing back now, click to view today’s full infographic above. Then roam “What do others say?,”below, for a roundup of reporting and opinion.
How do we know?
Check the original sources behind the fact:
- Bureau of Labor Statistics: “Private sector gross job gains and losses by firm size, seasonally adjusted”
- Federal Reserve Bank of St. Louis: “Are Small Businesses the Biggest Producer of Jobs?”
What do others say?
Here are stories and opinion relating to this fact. We didn’t base the fact on them. Some argue a point of view. That’s them talking, not us.
- American Enterprise Institute: “Big Business: The Other Engine of Economic Growth”
- Small Business Administration: “Where are the jobs created? New or existing businesses?”
- Related Video: Small Business Administration Town Hall: “Small Business Creating An Economy Built to Last”
- Related Video: CNBC Video: “How Obamacare Affects Small Business Owners”
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Previous Facts:
1. Fact #1: Revenue Does Not Cover Core US Programs
2. Fact #2: The U.S. Has the Highest Corporate Tax Rate in the World
3. Fact #3: Overspending on Education in U.S. Doesn’t Buy Genius
4. Fact #4 from FaceTheFactsUSA.org: Twice the Time Now Spent in Traffic Congestion vs. 2010
5. Fact #5: 44% of Jobless Are Unemployed Longer Than 6 Months!
6. Fact #6: America – A Super Rich Country With Supersized Hunger Pangs and Supersized Waste
7. Fact #7: U.S. Owes $Trillions to Other Countries – and to Its Citizens!
8. Face the Facts #8: U.S. Military Spends 58% of Total Spent By World’s Top 10 Military Powers