The results of the GEM survey suggest that entrepreneurship in the United States experienced a turnaround in 2011, after two years of decline during the economic downturn. The survey revealed that 12.3% of working age adults (18–64 years of age) were starting or running new businesses during 2011, an estimated 29 million people. This represents an over 60% jump in the U.S. entrepreneurship rate from 2010. A confident and ambitious group, nearly 40% of these entrepreneurs anticipate adding five or more employees over the next five years.