When jobs are this tough to find for young Americans, the enterprising ones hire themselves. More than a third of jobless managers starting their own businesses were under 40 in the first quarter of 2002, says a survey released last week by the outplacement firm Challenger, Gray & Christmas. That's up from 25% for the fourth quarter of 2001.
Striking out on your own is in some ways easier in a recession: loans are cheap, and hiring is easy. Sean O'Scannlain, 37, managed a Chicago seafood company for seven years but left to start a competing firm last July. The Sept....
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