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The Entrepreneur Factor

Economists believe that the recent drop in entrepreneurship experienced in the U.S. is yet another sign that the economy is on the road to recovery. People that started new businesses because of necessity are now returning to jobs offering wages or a salary since they offer stability and additional benefits.

In 2011, only 320 of every 100,000 adults started a business, down slightly from 340 in 2010, according to a report by the Kauffman Foundation. This trend is reflected in all demographics and in all types of industries. The report also revealed that older Americans, those between the ages of 55 and 64, form a larger share of the entrepreneurs in America compared to 1996. Immigrants are also more likely to start businesses, with an average of 550 in 100,000 starting their own businesses in 2011. The entrepreneurship rates for Asians, African Americans and Hispanics is also higher than it was 15 years ago, as is the number of entrepreneurs without high school diplomas.

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