Does Unemployment Spark Entrepreneurship [Infographic]


Economists, journalists and almost everyone else keenly await the first Friday of each month. That’s the day when the U.S. Bureau of Labor Statistics releases its monthly jobs report, tracking how the economy has affected the job market in the US the previous month. While these numbers are closely monitored, perhaps the pundits might want to consider another set of numbers.

According to GoBankingRates.com’s infographic, a rise in unemployment leads to an increase in the number of entrepreneurial startups in the country. Though the number of new businesses opening per day should be taken with a pinch of salt since it factors in employed and unemployed founders, another piece of data is slightly more comforting.

In the period between 1700-2009, there were two major economic depressions, in the 1920s and the 1980s. But, apart from the first decade of the 1900s, these two decades saw the most number of Fortune 500 companies being founded – over 45 – as opposed to any other decade in the report.


About the author: Kamakshi Ayyar

Kamakshi Ayyar is a freelance journalist based in New York. She studied law at Mumbai University, India and received her Master’s in Journalism from Columbia University. She has written for Business India, Roosevelt Island’s Main Street Wire and The Villager.

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