The Daily Stat: Jobless Ex-Managers Turn to Entrepreneurship

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile FEBRUARY 4, 2010 Jobless Ex-Managers Turn to Entrepreneurship With the U.S. job market still stagnant, many out-of-work ex-managers and execs have quit the labor pool to start their own businesses, says outplacement firm Challenger, Gray & Christmas. The percentage of unemployed workers starting companies rose to 8.6% in 2009, a four-year high, with the biggest increases among people 55 and older, according a survey of 3,000 job seekers. Source: Challenger, Gray & Christmas, Inc. Share Today's Stat: RELATED PRODUCT Planning a Start-Up? Seize the Day... Then Expect to Work All Night Harvard Business Review Article If you dream of starting your own business, it's better to leave the corporate nest sooner than later, before you get too comfortable with the big-company amenities every start-up lacks. ADVERTISEMENT Follow the Stat: LATEST POSTS Haiti Is a Marketing Lesson The Great to Good Manifesto Strategy as Jazz vs. Symphony A Story About Motivation Get the latest posts every morning! PREVIOUS STATS Brand Experience Matters to Consumers More Than Loyalty Clubs Insiders Make Better CEOs Day of Reckoning Looms for World's Big Borrowers The Worst Highway Bottleneck in the U.S.? Hundreds More U.S. Firms Likely to Default in Next Two Years Companies Get Blamed for People's Financial Situations U.S. Bank Earnings Likely to Continue Struggling Has the Upturn Already Begun? Current Travel Slump Marks a Big Shift Face Time Really Matters HBR Online Trial Access HBR's in-depth business archives FREE for 14 days. Register today » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2010 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 1-800-545-7685 (617-783-7600 outside the U.S. and Canada)