Are Self-Employment Opportunities on the Rise?

Chances are you know someone that is self-employed. In fact, you may even work from home. Whether it’s a career in freelance writing or selling items on eBay, there are a number of jobs to be had. Of course, many of these jobs have been available for the past decade. Still, people can’t help but wonder if self-employment jobs are on the rise and if so, why?

The Numbers

In the fall of 2011, self-employment hit a record high of 41.4 million, which added up to an 8% rise since spring 2008. While this sounds like a huge increase, the truth is these jobs may not be what people expect.

Why Are People Turning to Self-Employment?

The truth is many people aren’t turning to self-employment as a career per say, but as a way to simply make ends meet. It is estimated that people working odd jobs, equaling less than 30 hours per week, accounted for 89% of the recent rise. These people are those that were left unemployed due to a bad economy and want to avoid unemployment. In other words, they may be working these jobs, while also looking for another job. States like Delaware have even made the idea of self-employment more enticing by offering a weekly allowance to help unemployed individuals start their own small business. Of course, the unemployed aren’t the only ones looking at self-employment. Companies are actively seeking contract employees to fill positions. A number of large media businesses actually let employees go in favor of freelance employees as a way to save on the costs of benefits, unemployment and taxes.

What Jobs Are People Doing?

There are a number of self-employment jobs to be had. Those that are doing odd jobs to make ends meet may be cleaning homes, doing landscaping or handyman work. Those that are serious about self-employment may be working as freelance writers, website creators, online sellers or even professional bloggers.

The clear answer is that yes self-employment is on the rise. However, in many cases this isn’t because the person wants to be self-employed. In most cases, due to the poor economy and massive layoffs, people often don’t have a choice. This usually means taking on odd jobs to make ends meet, while looking for a more permanent solution. Unfortunately, in today’s economy, these odd jobs may soon become the only source of income for those that are out of work.

About the Author: Enrique Maden is a small business owner who enjoys working from a virtual office set up in his home. He was one of many left unemployed after his company closed and is now making it on his own.

Leave a Reply

Your email address will not be published. Required fields are marked *