New Small-Business Data: Strong Showing From 55+ Entrepreneurs

There’s good news for both observers of small-business trends and those interested in aging issues. Tracking entrepreneurship just got easier, and new data show that entrepreneurs age 55-plus are job creators. Small businesses play a major role in the U.S. economy. According to the U.S. Small Business Administration, small businesses accounted for 63 percent of net new jobs over the past two decades. Approximately 20 percent of those businesses were classified as employers, meaning they had paid employees. New survey …

More Older Workers Landed Jobs in May

Good news on the jobs front. Businesses created a not-too-shabby 175,000 jobs in May, pushing down the unemployment rate for older workers, though women fared better than men. Among all workers age 55 and older, the jobless rate fell to 5.3 percent last month from 5.5 percent in April, the government reported Friday. Older women drove that trend. Their unemployment rate slid to 4.3 percent in May from 4.8 percent the month before. Among men in that age group, the unemployment …