The Continuing Self-Employment Boom

Posted by on Nov 13 2006

From the National Dialogue on Entrepreneurship:

New Census Bureau figures confirm what many experts have long suspected. The US is in the midst of a major boom in self-employment.

2004 data show that 19.5 million Americans are self-employed, and their numbers are growing. Between 2003 and 2004, the number of self-employed grew by 1 million (about 4.7%). Overall, these businesses without employees account for 70% of all US businesses and generate annual receipts exceeding $887 billion.

E-Bay is clearly having an impact as electronic shopping and mail order houses are among the fastest growing sectors (up 12.7%) for new self-employment ventures. Even faster growth can be found among building finishing contractors (up 22.5%), Internet service providers (up 18.7%) and nail salons (up 14.7%).

The July 2006 U.S. Census Bureau report, Nonemployer Statistics 2004, can be accessed at: http://www.census.gov/prod/2006pubs/ns0400a01.pdf.

   

3 comments for now

3 Responses to “The Continuing Self-Employment Boom”

  1. Lani Voivod

    “70% of all US businesses are employee-free”… WOW. There’s something very beautiful about that stat. And technology is making it easier and easier to create our own lifestyles and income streams. I expect that 70% to creep up every year until we’re a nation of self-employed dynamos, don’t you?
    Thanks for the post, Karyn.
    -Lani Voivod
    http://www.EpiphaniesInc.com
    “A-Ha Yourself!”

    04 Dec 2006 at 6:34 pm

  2. sassylittlehat

    Hi there! What are the best ways to promote a newly launched product online for free!!!??

    26 Dec 2006 at 1:42 pm

  3. Laura Vanderkam

    The Labor Department just released December figures showing that the number of self-employed Americans rose by over 150,000 in December. If that rate continues, self-employment will certainly grow by more than 1 million people next year.

    Laura Vanderkam, “Grindhopping: Build a Rewarding Career without Paying Your Dues” (McGraw-Hill)

    16 Jan 2007 at 4:59 pm



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