Creation of New Jobs in 2010

As unemployment rises, Americans are looking to new businesses, smarter financial practices and new job creation for solutions to their income cuts. In an economy where businesses are firing employees because of the inability to make payroll, job creation seems like a huge uncertainty.

Women in business. Most of the new job creation in 2010 is due to female small business ownership. In comparison with their male counterparts, female business owners think long-term concerning their business and streamline the company on a more horizontal level, rather than making it a ranking system where one climbs up the ladder to success. This horizontal structure allows employees to feel less competitive, more fulfilled in their own jobs and gives them more equal credit for their work at the end of the day. This stabilizes the business and helps it to focus on quality, rather than quantity and corporate debacles.

Also, female small business owners think more long-term and focus on retirement and having a quality business to pass on to successors at the point of retirement. Their businesses are by far more self-funded than male small business owners, making them less reliant on banks, loans and credit agencies. Economists say that this is the reason for their success during this recession. A published report from The Guardian Life Small Business Research Institute states that small businesses owned by women will most likely create one third of the new jobs available by 2018.

Unemployment has dropped. Due to the fact that half a million jobs have been created since January 2010, unemployment has dropped 0.2%. However, there are still eight to nine millions jobs left to create before the recession is over. Although the Obama administration is trying to stimulate job creation, there is only so much that any agency can do with that many unemployed.

What can you do? The question has become: isn't there a fool-proof, even if difficult, solution to all of this? Well, there are certainly ways in which you can help. Individuals working in groups tend to have less personal accountability and take less responsibility for the growth of the whole, which can make a business lazy and dependent upon others for success. Individuals working alone have to step up their game in order to be comparable with the groups. They must deliver high-quality results, be financially independent and they must be flexible to change. Taking personal accountability for your actions, as if you are working independently, is the strongest way to contribute to the success of the current economy. We are in the trouble we are in because of shifting responsibility on to someone else.

Sources:

http://www.forbes.com/2010/01/12/small-business-job-market-forbes-woman-entrepreneurs-economic-growth.html

http://www.industryweek.com/articles/new_job_creation_in_april_is_largest_in_four_years_21776.aspx

http://www.business-opportunities.biz/2010/02/18/americas-new-job-creation-engine/