The loss of over 6 million net jobs is a huge problem for the US. According to the United States Bureau of Labor Statistics (BLS), nonfarm, private sector employment peaked at 115.8 million in December 2007 then fell to 109.5 million by May 2009.

At this time, job losses from mass layoffs added up to 3.6 million, up 66 percent over the preceding 18 months.

Since many people who have not been able to find a job, we are seeing an unprecedented number of people choosing to go into business for themselves. Historically small business’ job creation will be key in our economic recovery.

The US Small Business Office of Advocacy states there are two kinds of small businesses: those without employees (or non-employer businesses), and those with paid employees (or employer businesses). In 2008 it was estimated there were 23.1 million non-employer and 6.1 million employer businesses in the US.

Small and Medium size business can very well bring a positive impact to our economy if we will all do our part and support them! When is the last time you hugged your local small business?

Let’s spend our money on their products and services so they can continue to help our country prosper again friends!

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