What does this measure?
The amount of revenue brought into a community by self-employment, presented per working-age resident.
Why is this important?
Those who are self-employed provide value to their community and are a vital part of a community's economic structure. High levels of self-employment may indicate a favorable economic environment for small business owners and entrepreneurs, as well as provide insight into the composition of a community's economic profile.
How is our county performing?
Worcester County had just under $5,900 in self-employment revenue per resident in 2020, a decrease of $115 per resident from the previous year. Worcester County's self-employment revenue is lower than the state ($7,500) and the nation ($7,200). Worcester County's level increased 9% from 2008, similar to the national increase of 10%, but lower than the 14% increase at the state level.
Notes about the data
Figures are in 2022 dollars. Data is from the U.S. Census Bureau. Census Bureau changed measurement criteria in 2008. Compare to earlier years with caution.
2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Worcester County | $6,468 | $6,339 | $6,641 | $6,878 | $6,920 | $6,988 | $6,091 | $5,961 | $5,423 | $5,574 | $5,568 | $5,533 | $5,452 | $5,509 | $5,696 | $5,795 | $5,787 | $5,874 | $6,020 | $6,014 | $5,899 |
Massachusetts | $8,097 | $7,892 | $8,097 | $8,295 | $8,475 | $8,513 | $7,351 | $7,124 | $6,549 | $7,100 | $7,106 | $7,122 | $7,153 | $7,151 | $7,328 | $7,536 | $7,639 | $7,751 | $7,919 | $7,913 | $7,488 |
Notes: Figures are in constant 2022 dollars.
2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Worcester County | $3,116,655,085 | $3,104,813,415 | $3,303,835,816 | $3,467,847,233 | $3,521,803,143 | $3,593,370,337 | $3,165,857,884 | $3,119,026,606 | $2,851,007,187 | $2,951,888,597 | $2,977,889,710 | $2,980,973,872 | $2,938,261,605 | $2,979,336,868 | $3,094,250,305 | $3,153,300,611 | $3,148,190,677 | $3,205,105,935 | $3,285,638,514 | $3,271,733,789 | $3,194,596,113 |
Massachusetts | $33,668,528,465 | $33,135,370,761 | $34,235,657,099 | $35,220,504,380 | $36,061,420,075 | $36,314,889,125 | $31,534,138,043 | $30,742,309,493 | $28,430,258,229 | $31,097,219,347 | $31,389,155,887 | $31,730,225,763 | $31,991,259,970 | $32,147,698,930 | $33,118,970,084 | $34,146,673,553 | $34,680,663,101 | $35,282,453,131 | $36,020,923,100 | $35,903,237,340 | $33,823,883,949 |
Notes: Figures are in constant 2022 dollars.
INDICATORS | TREND |
---|---|
Change in Employment by Sector | 10 Not Applicable* |
Change in Average Salary by Sector | 10 Not Applicable* |
Female to Male Earnings Ratio |
0
Maintaining
|
Unemployment Rate by Race/Ethnicity |
-1
Decreasing
|
Employer Size |
1
Increasing
|
Business Ownership, by Race/Ethnicity | 10 Not Applicable* |
Self-Employment Revenue |
0
Maintaining
|
People Entering/Leaving County for Work |
1
Increasing
|