Startups Remain Stuck: Job Creation From New Establishments Lags

The U.S. startup scene is languishing. Beneath headlines generated by Snap Inc.’s multibillion-dollar IPO or the latest Silicon Valley darling, new companies simply aren’t the same economic engine they were in decades past. During the latest expansion, new establishments have accounted for a little more than 11% of all new private-sector jobs created in the U.S.