Recession Of 2009: The Role Of Small Business In The Recovery
Source: World Business Institute
The current economic downturn has continued to gain momentum and can be expected to reach double digit unemployment before it ends. But the figures reported by the government do not fully represent the unemployment picture, especially when compared to the Great Depression or the Reagan Recession. They do not address the slowness of the jobs recovery and the reasons why jobs will be returning to the economy at historically slow rates. The role that small business plays in the economic recovery will be an important key to the recovery's speed and effectiveness. Those issues are addressed here.