The United States is out of pace with the rest of the world’s richest industrialized nations as the US economy is growing faster than the rest but creating far fewer jobs. The reason is U.S. workers have become so productive that it’s harder for anyone without a job to get one.
Businesses large and small are producing and profiting more than when the recession began, despite fewer workers. They’re hiring again, but not fast enough to replace most of the 7.5 million jobs lost since the beginning of the ultimate recession.
Calculated in growth, the American economy has outperformed those of Britain, France, Germany, Italy and Japan and every Group of 7 developed nation except Canada, a quarterly analysis of 22 countries representing more than 80 percent of worldwide productivity.
Yet the U.S. job market remains the weakest crowd. U.S. employment weakened and started gaining again its momentum a year ago, but there are still 5.4 percent fewer American jobs than in December 2007. That’s a much sharper drop than in any other G-7 nations. The U.S. had the G-7’s highest unemployment rate as of December.
Bottom line is, starting new businesses means bringing new jobs, increasing working capital and pouring in the cash. Small business loans are great to bring new business in action for new jobs to interact.