Entrepreneurial spirit bounces back in the US
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Signal
Nov 15, 2021
Entrepreneurial spirit bounces back in the US

While some areas of the workforce in the US are experiencing shortages and upheaval, self-employment has risen back to levels seen before the pandemic. Brands are facilitating freelance and side hustle desires, as the nature of working life continues to evolve in the US.

Nearing almost 15 million people, the population of self-employed workers in the US has bounced back to pre-pandemic levels. According to analysis by Pew Research Center, the pandemic saw self-employed figures drop by 14.2% from 2019 to 2020, and non-self-employed figures drop by almost 16%. While a drive to entrepreneurship has seen the self-employed figures recover dramatically, other employment levels are below pre-pandemic numbers. The workers hired by self-employed people are also representative of 20% of the total workforce in the US – 28.3 million people – and when combined with the self-employed workers themselves, mean that every three in ten jobs in the US are held by the self-employed or the workers they hire.