Online Microbusinesses Lower Local Unemployment, Says GoDaddy and UCLA Research By Investing.com

Originally published on GoDaddy (NYSE:) Newsroom

TEMPE, AZ / ACCESSWIRE / April 4, 2024 / Businesses are booming, and small online businesses — those with 10 or fewer employees, a domain name and a functional website — are creating jobs and reducing unemployment in the US, according to a new study from GoDaddy and the UCLA Anderson Forecast.

This means:

  • In the states, each small business owner is linked to seven other jobs by directly, indirectly hiring or creating more demand and spending in their communities.
  • Adding 1,000 small businesses in a state is associated with a 0.11 percent decrease in the unemployment rate. This means that studying Miami-Dade County in Florida, which has about 430,000 businesses and 2.1 million people over the age of 18, adding just 1,000 businesses would reduce the unemployment rate in the area by about 7% (from 1.6% to 1.49%).

“We’ve learned that online businesses with 10 or fewer employees are creating more jobs than ever — up to seven jobs per entrepreneur, compared to just two a few years ago,” said Alexandra Rosen, CEO of Venture Forward. “Our findings show how even small businesses can significantly reduce unemployment in communities across the country.”

See all details Here I learned more in the blog post Here. For more information on small business opportunities across the country, visit www.godaddy.com/ventureforward.

About GoDaddy Venture Forward
GoDaddy’s Venture Forward survey analyzes more than 20 million online businesses with digital content (measured by domain and site performance). Most of these businesses employ less than ten people, classifying each as a small business. Although these small businesses may be small, their economic impact is significant even though they are often unusual or too new to be reflected in government statistics. To learn more about GoDaddy’s Venture Forward research, visit www.godaddy.com/ventureforward

About GoDaddy
GoDaddy (NYSE: GDDY) helps millions of entrepreneurs around the world start, grow, and grow their businesses. People come to GoDaddy to pitch their idea, create a professional website, attract customers, sell their products and services, and accept payments online and in person. GoDaddy’s easy-to-use tools help small business owners manage everything in one place, and its expert guides are available to provide 24/7 support. To learn more about the company, visit www.GoDaddy.com.

About UCLA Anderson Forecast
UCLA Anderson Forecast is one of the most widely viewed and frequently cited economic forecasts in California and the nation and was unique in predicting the severity of the 1990s recession in California and the strength of the state’s recovery since 1993. 2001 and, in March 2020, it was the first to announce that the economic slowdown caused by the COVID-19 pandemic had already begun. www.uclaforecast.com

About the UCLA Anderson School of Management
The UCLA Anderson School of Management is one of the world’s leading schools, with faculty recognized worldwide for their expertise and thought-provoking research. Located in Los Angeles, the gateway to the growing economy of Latin America and Asia and a city that hosts a variety of skills, UCLA Anderson’s MBA, Fully Employed MBA, Executive MBA, UCLA-NUS Executive MBA, Master of Financial Engineering. , Master of Science in Business Analytics, doctoral and postgraduate programs include the school’s Think in the Future Ethos. Every year, 1,800 students are trained to become global leaders looking for business solutions and solutions for tomorrow. www.anderson.ucla.edu

Source: GoDaddy Inc.

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source: GoDaddy

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