What Small Businesses Know About the Economy

GoDaddy’s new research entitled “What Small Businesses Tell Us About the Economy that Wall Street Can’t” says that small business data can offer earlier insights into the economy more than traditional measures. For example, a 1% increase in small business births means 0.18 higher GDP, 0.16% higher employment growth, and 0.15% decline in unemployment. GoDaddy is calling this data “Small Street” to provide further insight into the economy traditionally found through “Wall Street” or “Main Street.” #IdeaoftheDay