A survey by outplacement firm Challenger, Gray & Christmas found that 11.4% of laid off managers and executives went into business for themselves during the first six months of 2002. That is 44% above the 7.9% figure from the first half of 2001.
The 11.4% represents the highest percentage since 1996 when 12% of laid off executives incorporated their own firm.
The Challenger Job Market Index is a quarterly survey of 3,000 discharged managers and executives.
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