Why It Matters That New Businesses Are Creating Jobs More Slowly Than a Decade Ago

Newly formed businesses are adding jobs at a much slower pace than a decade ago, a factor that’s containing employment gains even six years into the expansion.

The number of jobs created by new businesses fell 7% in the first quarter from the fourth quarter of 2014 on a seasonally adjusted basis, the Labor Department said this week. From a decade ago, the figure is down 18%.