The Daily Stat: Jobless Ex-Managers Turn to Entrepreneurship

With the U.S. job market still stagnant, many out-of-work ex-managers and execs have quit the labor pool to start their own businesses, says outplacement firm Challenger, Gray & Christmas. The percentage of unemployed workers starting companies rose to 8.6% in 2009, a four-year high, with the biggest increases among people 55 and older, according a survey of 3,000 job seekers.

Source: Challenger, Gray & Christmas, Inc.