U.S. small businesses are often thought of as the engine of job creation. During the past decade, mom-and-pop shopkeepers, plumbers and the like created more than 60% of net private-sector jobs. So when the economy turned sour, it wasn't surprising that small businesses bore the brunt of the blame for high unemployment.
It's true that the little guys drove more of the drop in employment during the recession. They also held back on hiring during the early stages of the economic recovery. But today small firms are doing better than most think, according to a Capital Economics report.
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