With the U.S. unemployment rate consistently above 8 percent for the past three-and-a-half years, hiring isn’t a priority for many American companies.
If one in three American micro businesses (companies with five employees or less) hired one person, the U.S. unemployment rate would fall to 4 percent, what economists consider to be full employment, said Connie Evans, president and chief executive officer of the Association for Enterprise Opportunity, the nonprofit and businesses trade group behind The Power of 1 in 3 initiative. She believes that is within reach, since micro businesses comprise 88 percent of all small businesses in the U.S. RELATED STORY: Industry Speaks About How to Kick-start the Job Market >>
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"