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By Vincent Capo
So are you still looking for that new IT job but not having much
luck? Well perhaps some insight will help to soften the blow and explain
why you have not been successful.
The job creation rate was much weaker in the Great Recession than in
previous downturns and this is partly because startups were harder hit
this time around.
The rate of job creation among all types of companies reached a 29-year
low from March 2008 to March 2009, according to a report released
Wednesday by the Kauffman Foundation.
At startup companies, the job creation rate sank a whopping 34%
between 2006 and 2009, the Kauffman report states. In earlier downturns,
startups saw much more modest declines.
Established firms also experienced drops in job creation, but they
weren't as dramatic as at newer firms. Among firms of all ages, the job
creation rate fell 25% from 2006 to 2009, according to Kauffman.
A healthy economy needs to constantly create jobs to replace ones
that are being lost. In the recent recession, the problem wasn't just
layoffs, but that not enough new jobs were being added.
Even during the depths of the Great Recession, though, many companies were able to generate new jobs.
More than 14 million private-sector jobs were created in the 12
months ending March 2009, Kauffman found.
"It's heartening to know that, despite the economic obstacles,
entrepreneurs were still finding ways to create jobs, though fewer than
in past recessions," said Robert E. Litan, vice president of research
and policy at the Kauffman Foundation.
Even so, the economy experienced a net loss of 5.7 million jobs between March 2008 and March 2009. 
This trend should be changing and the rate of job creation will start
to accelerate - it always does, we just need some good old fashion
stimulus or a reason for companies to start hiring again.
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