Despite claiming that they are entrepreneurs, it doesn't seem that millennial are opening small businesses, reports Forbes. They instead seem happy to be gig workers (such as driving for Uber or renting their apartment out on AirBnB).
According to the Washington Times, more millennials are interested in becoming small business owners. Previously, a majority of millennials were interested in more traditional jobs like doctor, lawyer or teacher, but recently there is a surge in interest in owning a small business from that age group.
Small businesses are getting discouraged, reports Market Watch. The National Federation of Independent Business monthly sentiment gauge dropped 0.2 points to 104.5. Owners are discouraged by congress's lack of action on healthcare and tax reform.