GITNUX REPORT 2024

Self Employed Statistics Show Significant Economic Contributions and Trends

Exploring the Impact of Self-Employment: 30% of U.S. workforce self-employed, contributing $1.3 trillion annually.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

56.7 million Americans are self-employed.

Statistic 2

7.7% of all workers in the European Union are self-employed.

Statistic 3

Self-employed workers are more likely to report high levels of job satisfaction than traditionally employed workers.

Statistic 4

Self-employed individuals are more likely to report feeling motivated by their work than traditionally employed workers.

Statistic 5

The top three reasons for becoming self-employed are independence, flexibility, and wanting to pursue a passion.

Statistic 6

The number of self-employed workers in the UK reached 4.8 million in 2019.

Statistic 7

70% of small business owners in the U.S. are self-employed.

Statistic 8

Self-employed individuals are more likely to work longer hours than traditionally employed workers.

Statistic 9

Self-employed individuals are more likely to have a college degree than traditionally employed workers.

Statistic 10

Self-employed workers are less likely to have access to employee benefits such as health insurance and retirement plans.

Statistic 11

80% of self-employed contractors believe that the gig economy has given them more control over their work schedule.

Statistic 12

Self-employed individuals are more likely to engage in continuous learning and professional development.

Statistic 13

The median income of self-employed workers in the U.S. is $48,240.

Statistic 14

28% of self-employed workers have a bachelor's degree or higher.

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57% of self-employed workers say they have more job security than traditional employees.

Statistic 16

The self-employment rate in the United States is highest in the agriculture sector.

Statistic 17

32% of the self-employed workforce are millennials.

Statistic 18

The self-employed workforce in the UK has grown by 86,000 in the past year.

Statistic 19

Self-employed individuals are more likely to have multiple streams of income compared to traditionally employed workers.

Statistic 20

44% of new businesses in the U.S. are started by self-employed individuals.

Statistic 21

Self-employed workers are twice as likely to have a disability compared to traditionally employed workers.

Statistic 22

Self-employed individuals are more likely to work from home than traditional employees.

Statistic 23

The self-employment rate in Germany is higher in the eastern states than in the western states.

Statistic 24

Self-employed individuals are more likely to invest in their own professional development.

Statistic 25

30% of the U.S. workforce is self-employed.

Statistic 26

Self-employed individuals contribute $1.3 trillion to the U.S. economy annually.

Statistic 27

Self-employed workers have a higher median income than traditionally employed workers.

Statistic 28

Self-employed individuals are more likely to be older than traditionally employed workers.

Statistic 29

44% of self-employed workers in the UK are women.

Statistic 30

39% of self-employed workers report feeling financially secure.

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25% of self-employed workers are part of the Baby Boomer generation.

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33% of self-employed individuals work in the professional, scientific, and technical services sector.

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Self-employed individuals are 43% more likely to report feeling happy at work.

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41% of self-employed workers are over the age of 55.

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Self-employment rates are higher among males than females in most countries.

Statistic 36

70% of self-employed workers in the U.S. are in non-employer firms.

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22% of self-employed workers are in the construction industry.

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38% of self-employed workers in the U.S. are in the skilled services industry.

Statistic 39

The self-employment rate in Japan is at its highest level in 20 years.

Statistic 40

Self-employed workers are more likely to report being satisfied with their work-life balance compared to traditional employees.

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Summary

  • 30% of the U.S. workforce is self-employed.
  • Self-employed individuals contribute $1.3 trillion to the U.S. economy annually.
  • The number of self-employed workers in the UK reached 4.8 million in 2019.
  • 70% of small business owners in the U.S. are self-employed.
  • 56.7 million Americans are self-employed.
  • Self-employed workers have a higher median income than traditionally employed workers.
  • Self-employed individuals are more likely to work longer hours than traditionally employed workers.
  • 7.7% of all workers in the European Union are self-employed.
  • Self-employed workers are more likely to report being satisfied with their work-life balance compared to traditional employees.
  • Self-employed individuals are more likely to be older than traditionally employed workers.
  • 44% of self-employed workers in the UK are women.
  • Self-employed individuals are more likely to have a college degree than traditionally employed workers.
  • Self-employed workers are less likely to have access to employee benefits such as health insurance and retirement plans.
  • 80% of self-employed contractors believe that the gig economy has given them more control over their work schedule.
  • 39% of self-employed workers report feeling financially secure.

Are you the boss of your own domain, or just dreaming about it while staring at your office clock? With a whopping 30% of the U.S. workforce choosing the self-employed path and contributing a staggering $1.3 trillion to the economy annually, its time to dive into the world of self-employment. From the 4.8 million self-employed workers in the UK to the 44% of female entrepreneurs, these statistics paint a colorful picture of those daring enough to chart their own course. Lets explore the perks and pitfalls of self-employment, from higher incomes and better work-life balance to the constant pursuit of continuous learning. So, are you ready to take the leap or just here for the juicy office gossip? Lets find out!

567 million Americans are self-employed

  • 56.7 million Americans are self-employed.

Interpretation

In a country where individuality is celebrated and entrepreneurial spirit runs deep, it's no wonder that 56.7 million Americans have taken the reins of their own destiny by venturing into the world of self-employment. From the thrill of charting one's own course to the challenge of navigating the unpredictable waters of business ownership, these intrepid individuals embody the ever-evolving landscape of the American Dream. So here's to the self-starters, the risk-takers, and the visionaries who dare to defy convention and carve out their own paths to success amidst the hustle and bustle of the modern economy.

77% of all workers in the European Union are self-employed

  • 7.7% of all workers in the European Union are self-employed.

Interpretation

In a world where job security seems to be as rare as a unicorn sighting, the self-employed are the modern magicians of the workforce, bravely defying the gravitational pull of traditional employment to carve their own paths. With 7.7% of all workers in the European Union flying solo, these entrepreneurial renegades are not just counting beans, but planting seeds of innovation and resilience in the ever-evolving landscape of labor. So here's to the self-made men and women, proving that sometimes the best way to predict the future is to create it yourself.

Job Satisfaction vs Employment Status

  • Self-employed workers are more likely to report high levels of job satisfaction than traditionally employed workers.

Interpretation

In a world where the daily grind can feel like a never-ending treadmill of emails and office politics, it seems that self-employed individuals have found the secret recipe for workplace happiness. According to statistics, these independent warriors are basking in the glow of job satisfaction, leaving their traditionally employed counterparts scratching their heads in envy. Perhaps it's the freedom to set their own schedules, the thrill of charting their own course, or simply the joy of answering only to themselves. Whatever the secret sauce may be, one thing is clear - the self-employed are serving up a hearty portion of satisfaction, with a side of entrepreneurial flair.

Motivation and Work Satisfaction

  • Self-employed individuals are more likely to report feeling motivated by their work than traditionally employed workers.

Interpretation

In a world where the grind of the 9-to-5 can sometimes feel like a never-ending slog, the self-employed emerge as the embodiment of passion-driven professionals. With a glint of entrepreneurial spirit in their eyes and a fire in their bellies, these independent souls find meaning and purpose in every task they undertake. While the traditional employees may be clock-watching, the self-employed are burning the midnight oil, fueled by their own ambitions and driven by the thrill of steering their own ship. So, next time you come across a self-employed individual meticulously crafting their dreams, remember that behind that relentless drive lies the simple joy of doing what they love – and loving what they do.

Reasons for Becoming Self-Employed

  • The top three reasons for becoming self-employed are independence, flexibility, and wanting to pursue a passion.

Interpretation

In a world where the traditional 9 to 5 grind often feels like a suffocating cage, it's no wonder that more and more individuals are taking the leap into self-employment. The allure of independence, the tantalizing taste of flexibility, and the burning desire to pursue one's passion are like the siren songs calling modern professionals to chart their own course. As these statistics show, the winds of change are blowing strong, beckoning the brave souls ready to hoist the sails of entrepreneurship and set forth on their own unique voyage. So, raise your anchor, embrace the challenges, and sail towards a horizon filled with the promise of self-fulfillment and success.

Self-Employment Rates

  • The number of self-employed workers in the UK reached 4.8 million in 2019.
  • 70% of small business owners in the U.S. are self-employed.
  • Self-employed individuals are more likely to work longer hours than traditionally employed workers.
  • Self-employed individuals are more likely to have a college degree than traditionally employed workers.
  • Self-employed workers are less likely to have access to employee benefits such as health insurance and retirement plans.
  • 80% of self-employed contractors believe that the gig economy has given them more control over their work schedule.
  • Self-employed individuals are more likely to engage in continuous learning and professional development.
  • The median income of self-employed workers in the U.S. is $48,240.
  • 28% of self-employed workers have a bachelor's degree or higher.
  • 57% of self-employed workers say they have more job security than traditional employees.
  • The self-employment rate in the United States is highest in the agriculture sector.
  • 32% of the self-employed workforce are millennials.
  • The self-employed workforce in the UK has grown by 86,000 in the past year.
  • Self-employed individuals are more likely to have multiple streams of income compared to traditionally employed workers.
  • 44% of new businesses in the U.S. are started by self-employed individuals.
  • Self-employed workers are twice as likely to have a disability compared to traditionally employed workers.
  • Self-employed individuals are more likely to work from home than traditional employees.
  • The self-employment rate in Germany is higher in the eastern states than in the western states.
  • Self-employed individuals are more likely to invest in their own professional development.

Interpretation

The landscape of self-employment is a tapestry weaved with ambition, resilience, and a touch of hustle. With 4.8 million self-employed warriors in the UK and 70% of small business owners in the U.S. venturing down the self-employed path, it's clear that the allure of being your own boss is a powerful one. These modern-day gladiators often wield a college degree, toil away longer hours, and juggle multiple income streams while missing out on the safety net of employee benefits. Yet, they find solace in the gig economy, relishing the control over their schedules and the constant quest for professional growth. From the fertile fields of agriculture to the cozy corners of home offices, self-employed trailblazers are carving out their niche, facing uncertainties with a mix of job security optimism and the grit to overcome any obstacles, disability or not. In this arena of entrepreneurial spirit, the only sure bet is the unpredictability of the journey.

Self-Employment Rates:

  • 30% of the U.S. workforce is self-employed.
  • Self-employed individuals contribute $1.3 trillion to the U.S. economy annually.
  • Self-employed workers have a higher median income than traditionally employed workers.
  • Self-employed individuals are more likely to be older than traditionally employed workers.
  • 44% of self-employed workers in the UK are women.
  • 39% of self-employed workers report feeling financially secure.
  • 25% of self-employed workers are part of the Baby Boomer generation.
  • 33% of self-employed individuals work in the professional, scientific, and technical services sector.
  • Self-employed individuals are 43% more likely to report feeling happy at work.
  • 41% of self-employed workers are over the age of 55.
  • Self-employment rates are higher among males than females in most countries.
  • 70% of self-employed workers in the U.S. are in non-employer firms.
  • 22% of self-employed workers are in the construction industry.
  • 38% of self-employed workers in the U.S. are in the skilled services industry.

Interpretation

In a world where individualism meets economics, the self-employed have carved out a significant space for themselves. With 30% of the U.S. workforce running their own show and contributing a whopping $1.3 trillion to the economy annually, these enterprising souls are proving that independence pays off. Not only do they boast a higher median income than their traditionally employed counterparts, but they also tend to be older, wiser, and dare we say, happier at work. It's no surprise that women are making strides in the self-employed arena, with 44% of self-employed workers in the UK being female. However, financial security remains a concern for some, as only 39% report feeling financially secure. Yet, as self-employment rates continue to rise, one thing is clear - the self-employed are rewriting the rules of engagement in the workforce, one happy entrepreneur at a time.

Self-employment rates are higher among males than females

  • The self-employment rate in Japan is at its highest level in 20 years.

Interpretation

Looks like Japan is catching onto the trend of being your own boss with the self-employment rate hitting a two-decade high. While some may see this as a sign of economic uncertainty or a desire for greater flexibility, it also speaks to the entrepreneurial spirit brewing in the Land of the Rising Sun. Whether they're trading in their salaryman suits for the hustle of running their own businesses or pursuing their passions full-time, it seems like the self-employed in Japan are forging their own path, one gig at a time.

Work-life Balance Satisfaction

  • Self-employed workers are more likely to report being satisfied with their work-life balance compared to traditional employees.

Interpretation

In a world where "work hard, play hard" has become the modern work mantra, self-employed individuals have seemingly struck the perfect balance between hustle and harmony. With the freedom to set their own schedules and work from anywhere (hello, pajama office attire!), it's not surprising that they are more likely to report being satisfied with their work-life balance than their 9-to-5 counterparts. So, who knew that the secret to work-life bliss might just be found in being your own boss?

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