Allison Schrager, Columnist

The US Economy Is Dynamic Again, But Will It Last?

Americans are forming new businesses at an impressive rate, but it's hard to say how durable these startups will be.

October 13, 2023 at 10:00 AM UTC

Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk.”

In need of an assistant? — In need of an assistant?
Photographer: Roy Rochlin/Getty Images North America

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“I am begging for assistants!” my hairdresser complained when I last saw her. As an economist, I immediately made a note to myself: I need to check the latest numbers on business formation.

As it turns out, they are way up since the end of the pandemic — which is an encouraging sign. But it’s too soon to say whether the change will last.