As the U.S. economy continues to expand, we've been waiting for small business to start creating jobs again.
After all, politicians and economic development experts have drummed up the message that most new jobs come from small business.
New data released by the U.S. Census Bureau indicates that when those start-ups and existing firms do start to hire again, they'll be filling in a deep hole. The recession that ran from December 2007 through June 2009 produced the lowest job-creation rates by start-ups and existing firms in about 30 years.
The Census data tracks the more than 6 million establishments that have paid employees to present a picture of the changes in employment. (No one-man band's in this enterprising pool.)