Last week the unemployment rate was revised upward for the previous month and attained 9.5% for the month of June with a job loss greater than anticipated or predicted.

As bad as those numbers were  (enough to begin anew a sell-off on Wall Street), we don’t have the “rest of the story”.   Hidden in those figures are some dire statistics.

The economy is taking a toll on the independent entrepreneurs, which are where 70% of jobs are located and created.  Small business growth is the backbone of most economies.  Many of us, myself included, were critical of the stimulus for many reasons, but especially because of the paucity of assistance to small businesses.

Startling is the finding that 36% of business owners surveyed are willing to walk away from their own business to earn more money working for someone else.  This is increased from 30% last year.

When asked about the most challenging aspects of owning a business:

40% chose finding a new business, up from 31% in 2008,and 28% in 2007

23% cited government rules and regulations

11% said managing cash flow, noticeably decreased from 19% in 2008 and 21% in 2007

This should be a warning bell in to this current administration.  Small business owners were ringing the bell, but their voices were invisible in the era of payola politics and growing government.