The team at Ooma has thoroughly illustrated the self-employment landscape with a new graphic comprising 30 facts and statistics. The facts include general information on self-employment, statistics on the impact of COVID-19, entrepreneurship, and side hustles. In the U.S., someone is considered self-employed if they have sole proprietorship of a business, are an independent contractor, or work for a limited liability company.
As we can see from the presented facts, self-employment levels increased during the COVID-19 pandemic, and as of 2023, the number hasn’t returned to pre-pandemic levels. Many people are finding that self-employment suits them better than traditional employment, with self-employed workers reporting higher job satisfaction and lower levels of stress and overwhelm. Many people who are traditionally employed also work at a side hustle for extra income, blending the two employment styles. In fact, 54% of Americans started a side hustle between 2023 and 2024.
infographic by: www.ooma.com
