Job Seekers Start Their Own Businesses

By Carleigh Lowe Tuesday, February 9, 2010

Did you know that 8.6 percent of all job seekers in 2009 started their own business?! Check out this interesting article from the New York Times, below is an excerpt:

Last year, more laid-off managers and executives grew tired of waiting for human resources departments to call them back. They took matters into their own hands by starting companies.

Challenger, Gray & Christmas, the outplacement firm, regularly keeps track of 3,000 high-level job seekers in a range of industries. Last year, 8.6 percent of these decided to take the start-up route, compared with 5.1 percent in 2008.

The biggest surge was in the third quarter. The hope is that this momentum “will carry into 2010, since new business development is considered critical to a sustainable recovery,” Challenger stated.

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