Recently, some seriouslyawesomeresearch by John Haltiwanger, RonJarmin, and Javier Miranda has concluded that the greatest number of new jobs are created bystartups.
JohnHaltiwanger, an economist at the University of Maryland, says he's skeptical of the GEM report given that it claims such a dramatic boost in start-up activity.
Many small-business owners already struggle with managing turnover and absenteeism, says JohnHaltiwanger, a professor of economics at the University of Maryland, who adds that small firms generally don't have human-resources departments.
Davis and JohnHaltiwanger have found that oil price shocks account for 20% to 25% of the cyclical variability in employment growth--twice as much as for monetary shocks--and they documented who feels the shocks the most.