Report the Decline of Small Business Hurt Economic Recovery Job Growth

Reports from MSN Money are

The Labor Department announced that applications for unemployment last week fell to 283,000. This data – which reveals ups and downs in layoffs – was, of course, characterized in the news as a sign of an improving job market. But there’s a big difference between fewer layoffs (good news, but not awesome news) and more new jobs (an increased employment rate). And we have a lot of people who need jobs, with what some refer to as the “real unemployment rate” (the Labor Department’s underemployment rate)at over 11 percent. Imagine the economy as a bucket of water – in this case, the water is jobs – with a hole in it. The hole just got a little smaller, according to the unemployment applications data, but the level of the water still isn’t increasing the way it should.

 When I think of the small business sector that is suffering I think of all of the legislation that raises the cost of entry into the market. Especially in a time when the economy is recovering I wonder why these guys are quick to snap on initiatives on energy. Since we have moved away from a manufacturing society the only thing that I can think of that we have been doing well is producing energy.