Economic Development Futures Journal

Saturday, August 12, 2006

counter statistics

More Americans Working for Themselves

A recent study by the U.S. Census Bureau showed the nation added nearly 1 million businesses with no paid staff between 2003 and 2004 to reach 19.5 million, a growth rate of 4.7% over a one-year period.

Businesses without a payroll make up more than 70% of the country's 27 million-plus firms, and produce receipts close to $900 billion annually. Many are small, part-time operations.
The nonemployee businesses include both sole proprietorships and partnerships.

Read more here.

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