Americans’ Shift to Be Their Own Bosses Is Lasting in Pandemic

July 13, 2021, 11:00 AM

The surprising startup boom that took root in the U.S. last year shows little sign of having slowed, and, in fact, looks to be one factor in the nation’s high turnover rate in jobs.

Several weeks after the pandemic hit last March, economists spotted an uptick in the number of people filing initial tax paperwork for new businesses. It was unusual because the Great Recession, by comparison, saw a downward slide in such applications to the Internal Revenue Service.

The latest data reveal the numbers continue to climb. People have filed almost 3.1 million of the IRS forms -- called ...

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