Challenging economic times can serve as a catalyst for the entrepreneurial spirit and lead to the creation of much-needed new jobs: 69% more unemployed US workers started a business in 2009 than they did a year earlier, according to a report from TrendsSpotting.

Over one-half of the companies on the 2009 Fortune 500 list, and just under one-half of those on the 2008 Inc 500 list, were founded during a recession or bear market, TrendsSpotting points out.

Still, one-half (50%) of innovation-driven countries, including the US, registered declines in the numbers of new business startups in 2009, according to the report.

Sign up for free to read the full article.

Take the first step (it's free).

Already a registered user? Sign in now.