Tuesday, March 13, 2012

Employment in New York: Who Creates Jobs?

Here is a http://www.labor.state.ny.us/stats/PDFs/enys0212.pdf the February 2012 Employment in New York State newsletter.

Note the lead article, "Who Creates Jobs?"

One of the most widely held beliefs about the U.S. economy is that small businesses create the most new jobs. Statements over the past 30 years by political leaders (see above) reinforce this notion. However, recent research by John Haltiwanger of the University of Maryland and Census Bureau economists Ron Jarmin and Javier Miranda (hereafter listed as HJM) found that the accuracy of this idea is“subject to a host of statistical and measurement issues.” These issues include:
• How large is a “small” business?
• How do we measure “job growth”?
• Is the age of the business considered?
This article takes a closer look at the issues outlined above, using New York State data from the Census Bureau’s Business Dynamics Statistics (BDS).

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