Job Market Monitor
Self-employment
Self-Employment in Canada – Fewer nascent businesses
The uncertainty of the pandemic, strong labour markets, and soaring inflation have sped up a decades-long decline in the self-employment rate. Most of the pullback in self-employment comes from businesses with paid help. This could be a problematic trend for small business creation in Canada. Self-employment (with paid help) has become less attractive to Canada’s … Continue reading
UK – The distinction between self-employment and employment is becoming harder to sustain
This paper looks at way to close the divide between employment and self-employment. SUMMARY The distinction between self-employment and employment is becoming harder to sustain. Even on 2012/13 tax data from HMRC, a third of those reporting income from self-employment also report income from employment. Those two categories themselves simplify and often distort a much … Continue reading
Self-Employment in UK – 4.6m, an all-time high
The report is written in a straightforward way so as to be practical and completely unambiguous. I would welcome feedback from the self-employed sector, with whom I feel a particular affinity. In this report I have tried to accurately portray the views and concerns that have been expressed to me. I hope I have done … Continue reading
Self-Employment in UK – Recent trends with charts
No one source of data gives us a comprehensive picture of the income of the self-employed. However, by looking at a range of sources, we can form some tentative conclusions: The self-employed as a group have seen falling income since the recession But this is mostly down to the changing composition of self-employment Those individuals … Continue reading
Self-employment in Canada – Aging and the shift of employment to older age groups led to an increase in the aggregate self-employment rate
Canada has a large group of unincorporated self-employed businesses that play a critical role in the early lifecycle of firms. This study presents summary statistics on the importance of a particular group of the self-employed: those whose primary source of income from employment comes from an unincorporated business. The unincorporated self-employed measured in this study … Continue reading
US – Female self-employment shows positive shift in opportunities finds BLS
New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading
UK – A massive fall in self-employed earnings
Where there is no argument, though, is on the massive fall in self-employed earnings. The ONS estimates a 22 percent drop in pay since 2008. This is consistent with the Resolution Foundation’s findings and the HMRC figures I discussed earlier this year. As ONS says, the self-employed may under-state their income in surveys but they have … Continue reading
UK – Becoming the self-employment capital of Europe
Whether they are a growing underclass or a sign of the UK economy’s bright future, the growing army of self-employed warrant our attention The UK workforce has expanded rapidly over the last year, with the working-age employment rate reaching historically high levels and net job creation of over 900,000 in the year to April 2014. … Continue reading
Only young businesses – predominantly small – create a disproportionate number of jobs OECD finds
The OECD has embarked on a distributed microdata project, called DynEmp, with the aim of providing a cross-country evidence base for the design of well-grounded policies for employment and growth. The project has produced a new database of micro-aggregated firm-level data on employment dynamics for different groups of firms classified by size, age and sectors … Continue reading
Entrepreneurial Activity in US – Declines again in 2013 according to Kauffman Report
As the nation’s employment rate continued to improve, America’s overall business creation rate fell again in 2013. According to the annual Kauffman Index of Entrepreneurial Activity, released today, the rate declined slightly from 0.30 percent of American adults per month starting businesses in 2012 to 0.28 percent in 2013. That translates into approximately 476,000 new … Continue reading
Self-employment in UK – More than two in five new jobs created since mid-2010 have finds Trades Union Congress
Self-employment accounts for 44 per cent of the net rise in employment since mid- 2010, with pensioners, part-time workers and ‘odd-jobbers’ the fastest growing groups of Britain’s new self-employed workforce, the TUC says today (Monday) ahead of the latest employment figures published later this week. The TUC analysis shows that despite self-employment being a relatively … Continue reading
UK – A closer look at the rise in self-employment
Government ministers like to talk about the jobs created on their watch, but over the last few years lots of people have been creating their own jobs. Three quarters of the increase in employment since 2008 has come from self-employment. Source: ONS employment statistics Some have hailed this as the sign of a new entrepreneurial … Continue reading
US / Self-Employment is down 9% (936,000 jobs) since the beginning of the recession in 2006
It’s estimated that a whopping 10 million individuals, or 6.6% of all reported jobs, were self-employed in the U.S. as of 2013–however, that figure has declined significantly since the recession, according to a new report from CareerBuilder and Economic Modeling Specialists Intl. (EMSI). The number of self-employed workers is down 9% (936,000 jobs) since the … Continue reading
US / 40% of the self-employed are not saving regularly for retirement, and 28% are not saving at all survey finds
Many of us have dreams of leaving the 9-to-5 grind and working for ourselves. And since the 2008 financial crisis, many have done it — even if some didn’t really have a choice. But many of these budding entrepreneurs, and even the people who have owned their businesses for years, are part of a growing … Continue reading
Entrepreneur / 60% Less Likely To Get a Job after Unsuccessful Stratup
A study shows that employees who leave their jobs with regular pay to start a business have a higher risk of not being able to resume their employee status if their business venture became unsuccessful
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