There's a disquieting statistic out this week from the Labor Department that might explain why the economy still doesn't feel like it's firing on all cylinders. The number of jobs created by new businesses is down 18 percent from a decade ago. And it's still falling: That figure is down 7 percent from the fourth quarter of 2014.
At the same time, the number of job losses due to business closures is down 21 percent from 2005. It looks like the current economy is incurring less risk-taking on either side of the equation.
Another factor is that small businesses still don't have as much access to capital as they once did. Banks held roughly $590 billion of small-business loans in the third quarter, according to the FDIC, which is down 17 percent from 2008.