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Small Business Growth Not Good, Not Bad

Last week my post concluded with commentary on small business growth, which I consider a major element of economic growth and middle class strength.

Living in developing countries most of my life, the role of small business is obvious in improving the lot of the middle class. What is happening today in the USA can be explained in a single graphic from Gallup:

It was pointed out to me that this graph did not align with the Bureau of Labor Statistics ((BLS)) private sector establishment births and deaths data which shows that this graph was not current - and that current data was showing a recovery. Could it have been that Gallup misrepresented the small business situation by cutting off the data early?

  • The Gallup graph is based on US Census Business Dynamics Statistics which includes mom and pop (self-employed) to Wal-Mart (the largest USA employer). The BLS establishment