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interesting article by Jane Norman, OC Register

Posted on | July 7, 2010 | No Comments

Jan Norman on Small Business ~ News and practical tips for and by Orange County small business owners

Where did the self-employed go?

July 7th, 2010, 4:25 am · Post a Comment · posted by Jan Norman, small-business columnist

A curious thing happened in the latest employment report from the Bureau of Labor Statistics.

As reported in a lot of places, including the O.c. Register, the U.S. lost 125,000 jobs May to June (139.1 million people employed). At the same time, there were 176,000 fewer self-employed (8.6 million). The numbers are seasonally adjusted.

Chapman economist Esmael Adibi says it’s unusual for payroll jobs and self-employment to decline at the same time. When people lose their jobs, many do some work for which they get paid: build a friend’s web site, write press releases, mow the neighbor’s lawn. In other words, they become self-employed.

The BLS does two surveys: one of companies (or as the BLS calls them, “establishments”) and one of households. In many recent months, the BLS has reported big job losses as reported by companies, but a big jump in people who say they have jobs.

For example, in May the BLS reported 35,000 fewer jobs but 433,000 more people who said they were employed.

“Typically, when we come out of a recession, companies are reluctant to hire because of uncertainty about the strength and durability of the recovery,” Adibi says.

Some analysts said a lot of people stopped looking for jobs in June so the labor force (the employed plus those looking for work) declined by 652,000. That’s why the unemployment rate dropped from 9.7% to 9.5%.

But the self-employed rarely describe themselves as not employed and not looking for work even if they didn’t make a dime the previous month. In June, many did. Among the possible explanations:

  • The self-employed just gave up trying and are relying on earnings of a spouse or other relative.
  • They are moving into the underground economy and don’t want to tell the BLS they’re working if they’re not going to report taxes to the IRS.
  • Undocumented workers who had been self-employed left the country because of the lack of work.
  • Who knows?

“Don’t make judgments based on one month,” Adibi cautions, “but what it means is the economy is still fragile.”

What do you think is going on?

Why did self-employment decline in June?

Category: Uncategorized

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