Job Market Monitor
Self-Employed
Covid and Self-Employed in UK – 58 per cent reporting having less work than usual in August
Six months after Covid-19 first hit, it is clear that it is the greatest economic crisis of the modern age. The economy has contracted far more rapidly than in previous crises, with GDP dropping by a record 19.5 per cent in April, and despite four subsequent consecutive monthly increases since then, remaining 9.2 per cent … Continue reading
Covid and Self-employed in Canada – Those who also had T4 earnings before the pandemic are in a better position
A new study looks at the degree of reliance on self-employment income by self-employed individuals with and without additional T4 earnings (wages and salaries for which an individual receives a T4 slip) and how this may affect their ability to deal with the post-COVID-19 financial strain. The presence of T4 earnings in the total income … Continue reading
Gig Economy and Self-Employed in UK – For a new self-employment centres, a Minimum Income Guarantee and a parity of rights and social security
Empowering the self-employed workforce Self-employment has risen significantly over the past two decades. The Covid-19 pandemic has exposed the fragile nature of work for many people in the UK – and the self-employed workforce is no exception. In this report, we bring to the fore some of the shared challenges faced by self-employed people, especially … Continue reading
COVID and the Self-Employed in UK – Have been hit particularly hard
The Covid-19 shock is one of the largest economic shocks that has taken place in living memory. The crisis has served to highlight the challenges governments face in extending social insurance to self-employed workers, for whom it is difficult to verify work behaviour. Chancellor Rishi Sunak described designing a “deliverable and fair” support package for … Continue reading
Europe – 33 million were self-employed in 2017, 23% because of suitable opportunity
In 2017, in the European Union (EU), there were more than 228 million employed people, and about 33 million of them were self-employed. Self-employed people in the EU reported several reasons for becoming self- employed in the current job: suitable opportunity (23%), continuation of the family business (16%), usual practice in the field (15%), flexible … Continue reading
Canada – The differences between self-employed and business owners
Entrepreneurial activity has long been argued as an important driver of innovation, job creation, and productivity growth. However, measuring entrepreneurial activity is not easy. Traditionally, many studies have approximated entrepreneurship with a broadly defined measure that includes a heterogeneous group of individuals. They include self-employed workers such as commission salespersons, professionals running unincorporated firms such … Continue reading
Self-Employed in US – The high cost
Working for yourself is liberating—and extraordinarily expensive. You face steep tax bills, have to buy your own health and disability insurance, and need to fund retirement with no help from an employer. Add it all up, and the numbers start to look ugly. Tempted to join America’s 15 million self-employed? Here is a reality check: … Continue reading
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