Startups creating fewer jobs

http://www.politico.com/news/stories/1111/68436.html

For all the talk from Republicans and Democrats alike about startups saving the economy, research shows that small businesses are simply getting smaller.

The trend predates the 2008 financial meltdown, suggesting the economy might not be able to rely on new firms to churn out jobs as they have in the past.

The Labor Department economists who authored the study, Eleanor Choi and James Spletzer, note that part of the drop-off comes from the declining share of manufacturing establishments. Also, technology continues to displace large numbers of workers.