Online Microbusinesses Lower Local Unemployment, Says GoDaddy and UCLA Research [Yahoo! Finance]
GoDaddy Inc. Class A (GDDY)
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Source: Yahoo! Finance
and an active website – create jobs and lower unemployment rates across the U.S., according to new research from GoDaddy and UCLA Anderson Forecast. This means: At the county level, every microbusiness entrepreneur is correlated with seven additional jobs by hiring directly, indirectly or creating more demand and spending more in their communities. Adding 1,000 new microbusiness entrepreneurs in a county is associated with a drop of 0.11 percentage points in the unemployment rate. This means that studying Miami-Dade County in Florida , with almost 430,000 microbusinesses and 2.1 million people over the age of 18, adding just 1,000 entrepreneurs would reduce the region's unemployment rate by almost 7% (from 1.6% to 1.49%). "We've learned that online businesses with 10 or fewer employees are creating more jobs than before – up to seven jobs for every one entrepreneur, compared to only two just a few years ago," said Alexandra Rosen , senior director of Venture Forward. "Our find
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News
- GoDaddy (GDDY) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- GoDaddy Flexes Smart Terminal Lineup for Small Businesses [Yahoo! Finance]Yahoo! Finance
- GoDaddy Flexes Smart Terminal Lineup for Small BusinessesPR Newswire
- GoDaddy and Upwork Partner to Funnel More Opportunities to Web Designers and Developers [Yahoo! Finance]Yahoo! Finance
- GoDaddy and Upwork Partner to Funnel More Opportunities to Web Designers and DevelopersPR Newswire
GDDY
Earnings
- 2/13/24 - Beat
GDDY
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- GDDY's page on the SEC website