[ad_1]
Editor’s Notice: This story initially appeared on Self.
Previous to the pandemic, self-employment was on the decline and had been falling since 2004. When the financial shutdown occurred within the spring of 2020, nearly 22 million workers misplaced their jobs and the self-employment price rose to 10.5%.
The next yr, staff started quitting their jobs on the highest charges because the Nice Recession, and consequently, the self-employment price held regular as a few of these staff sought to begin companies.
Whereas some industries and occupations have a lot larger charges of self-employment, all business sectors noticed will increase of their self-employment charges compared with pre-pandemic ranges.
Manufacturing has the smallest self-employment price, however noticed the biggest enhance in complete self-employed staff at 13.3%. Equally, the finance business noticed a 7.0% enhance within the complete variety of self-employed staff.
These business variations in self-employment additionally create regional variations.
To seek out the metropolitan areas with essentially the most self-employed staff, researchers on behalf of Self Monetary analyzed the most recent information from the U.S. Census Bureau. Discover particulars on our methodology on the finish.
Listed below are the U.S. metropolitan areas with essentially the most self-employed staff.
15. Houston-The Woodlands-Sugar Land, TX
- Share of staff who’re self-employed: 10.4%
- Whole self-employed staff: 350,713
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $50,000
- Inhabitants: 7,206,841
14. San Antonio-New Braunfels, TX
- Share of staff who’re self-employed: 10.5%
- Whole self-employed staff: 126,262
- Median earnings for full-time self-employed staff: $45,000
- Median earnings for all full-time staff: $45,000
- Inhabitants: 2,601,788
13. Oklahoma Metropolis, OK
- Share of staff who’re self-employed: 10.6%
- Whole self-employed staff: 72,666
- Median earnings for full-time self-employed staff: $40,000
- Median earnings for all full-time staff: $45,000
- Inhabitants: 1,441,647
12. Atlanta-Sandy Springs-Alpharetta, GA
- Share of staff who’re self-employed: 10.6%
- Whole self-employed staff: 323,989
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $54,000
- Inhabitants: 6,144,050
11. Portland-Vancouver-Hillsboro, OR-WA
- Share of staff who’re self-employed: 10.9%
- Whole self-employed staff: 137,893
- Median earnings for full-time self-employed staff: $59,000
- Median earnings for all full-time staff: $60,000
- Inhabitants: 2,511,612
10. Denver-Aurora-Lakewood, CO
- Share of staff who’re self-employed: 10.9%
- Whole self-employed staff: 177,204
- Median earnings for full-time self-employed staff: $62,000
- Median earnings for all full-time staff: $60,000
- Inhabitants: 2,972,566
9. San Francisco-Oakland-Berkeley, CA
- Share of staff who’re self-employed: 10.9%
- Whole self-employed staff: 256,567
- Median earnings for full-time self-employed staff: $70,000
- Median earnings for all full-time staff: $82,000
- Inhabitants: 4,623,264
8. New Orleans-Metairie, LA
- Share of staff who’re self-employed: 11.0%
- Whole self-employed staff: 62,112
- Median earnings for full-time self-employed staff: $48,000
- Median earnings for all full-time staff: $50,000
- Inhabitants: 1,261,726
7. San Diego-Chula Vista-Carlsbad, CA
- Share of staff who’re self-employed: 11.0%
- Whole self-employed staff: 169,080
- Median earnings for full-time self-employed staff: $52,000
- Median earnings for all full-time staff: $59,000
- Inhabitants: 3,286,069
6. Austin-Spherical Rock-Georgetown, TX
- Share of staff who’re self-employed: 11.2%
- Whole self-employed staff: 142,711
- Median earnings for full-time self-employed staff: $60,000
- Median earnings for all full-time staff: $60,000
- Inhabitants: 2,352,426
5. Orlando-Kissimmee-Sanford, FL
- Share of staff who’re self-employed: 11.2%
- Whole self-employed staff: 145,480
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $45,000
- Inhabitants: 2,691,925
4. Tampa-St. Petersburg-Clearwater, FL
- Share of staff who’re self-employed: 11.5%
- Whole self-employed staff: 175,962
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $48,000
- Inhabitants: 3,219,514
3. Nashville-Davidson-Murfreesboro-Franklin, TN
- Share of staff who’re self-employed: 11.6%
- Whole self-employed staff: 120,898
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $50,000
- Inhabitants: 2,012,476
2. Los Angeles-Lengthy Seashore-Anaheim, CA
- Share of staff who’re self-employed: 13.2%
- Whole self-employed staff: 820,969
- Median earnings for full-time self-employed staff: $50,000
- Median earnings for all full-time staff: $53,000
- Inhabitants: 12,997,353
1. Miami-Fort Lauderdale-Pompano Seashore, FL
- Share of staff who’re self-employed: 15.8%
- Whole self-employed staff: 468,070
- Median earnings for full-time self-employed staff: $40,000
- Median earnings for all full-time staff: $44,200
- Inhabitants: 6,091,747
Methodology
To seek out the metropolitan areas with essentially the most self-employed staff, researchers on behalf of Self Monetary analyzed the most recent information from the U.S. Census Bureau’s 2021 American Community Survey.
The researchers ranked metro areas in response to the share of staff who’re self-employed. Within the occasion of a tie, the metro with the bigger variety of self-employed staff was ranked larger.
Researchers additionally calculated the median earnings for full-time self-employed staff and the median earnings for all full-time staff utilizing information from 2020, the most recent accessible.
To enhance relevance, solely metropolitan areas with not less than 100,000 individuals had been included within the evaluation.
[ad_2]
Source link
