Free-Lance Economy Continues Upward Climb

Moonlighting used to be a term that described a minority of people. If you moonlighted, you were supplementing your income. You either did it for extra cash or because you had to just to pay the bills. The freelance economy and the growth of the personal transportation industry alone have made many of us moonlighters and freelancers according to the latest Nonemployer Statistics released last month by U.S. Census.Gross receipts for transportation industries with NAICS codes of 4853 and 4859 have increased over 86% over the past four years. In spite of the economic boom we are in and low unemployment, these industries continued to show over 20% growth in gross business receipts from 2015 to 2016. The counties shown below in blue have receipts growth over four years of above 50% in these industries.

 

 

 

The Census defines a nonemployer business as one that has no paid employees, has annual business receipts of $1,000 or more ($1 or more in the construction industries), and is subject to federal income taxes. Most nonemployers are self-employed individuals operating very small unincorporated businesses, which may or may not be the owner’s principal source of income. Nonemployer statistics originate from Internal Revenue Service tax return information. This data is the companion to the County Business Patterns which covers employer businesses. In addition to the boom in the transportation industries, there has been steady upward growth in healthcare support and educational services. Interestingly, construction freelancing has leveled off with meaningful growth in employer payroll.

Share This Story

Similar Posts

  • Distance Learning Growth Continues

    In one of my favorite videos of my kid’s era, Grover from Sesame Street taught us the difference between near and far. I don’t think Grover had in mind today’s high tech tools and social media interaction when he taught us this principle. Distance Education continues to be a hot…

  • Top 10 Projected Occupations in 2026

    Healthcare workers dominate the top 10 list for projected job growth. Nine of the top 10 jobs are projected to have greater than 30% growth over the coming 10 years. Using the new Degree-to-Jobs Interactive, we sorted the projections table by projected growth and isolated the top 10 jobs as shown…

  • Are Outpatient Imaging Quality Measures Effective?

    CMS began developing measures evaluating imaging efficiency back in 2007. These performance measures have been distributed as part of Hospital Compare for the past four years. Lower percentages suggest more efficient use of medical imaging. The purpose of reporting these measures is to reduce unnecessary exposure to contrast materials and/or…

  • What is the Newly Released Carnegie Data?

    The Carnegie Classification™ has been the major institutional framework for describing higher education institutions since 1970. This classification system comes out approximately every five years with the latest rendition released on February 1, 2016. This release represents the initial data provided by the Indiana University Bloomington Center for Postsecondary Research…

  • Endowments per Student Down in 2016

    How financially fit is your institution? One of the measures that Forbes has used in assessing the financial fitness of postsecondary institutions is endowment assets per FTE. This metric takes the value of endowment assets at the end of the year and divides it by the number of FTE’s. In…

  • What are Five Star Hospitals?

    Consumer ratings are always controversial. You can always ask the wrong question or ask the right question the wrong way. In an attempt to shed transparency on our nation’s healthcare system, the Centers for Medicare and Medicaid Services (CMS) instituted the star ratings system. CMS’ star-rating system is meant to…