NEW BUSINESS, NOT SMALL BUSINESS, IS WHAT CREATES JOBS -- BY CARL SCHRAMM, ROBERT LITAN AND DANE STRANGLER, The Wall Street Journal

Nearly all net job creation since 1980 occurred in firms less than five years old.

While a slight improvement over last month's numbers, today's employment update from the Bureau of Labor Statistics presents a dismal picture for American workers. As policy makers search for the best remedies to strengthen our economic performance, they can't afford to overlook new firms and young firms.

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