If you’re a young adult who’s responded to the weak labor market by creating your own job, you’re not alone.
Government jobs and leisure and hospitality were next up at 7% growth. Here’s the chart:
The BLS does not track this exact category on a nationwide basis for all workers, so it’s difficult to compare whether young adults are employing themselves at a faster rate than everyone else.
But the absence of that data, as well as the growth itself in self-employed workers adds further evidence to two initial findings by Harvard’s Larry Katz and Princeton’s Alan Krueger about changes in the labor force: that the number of people in the “gig economy” is growing, and that we need more information to show its true extent.
Total employment across all industries for 16-24 year-olds climbed just 1% during the tracking period.
Meanwhile, 16-25 year-olds are getting booted out of the oil industry at an astonishing rate, as that sector continues to shed jobs as a result of low prices. Whereas they comprised 14% of all “mining and logging” workers a year ago, they now make up just 9%, and have seen a 40% decline overall.
Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.
GET SPLINTER RIGHT IN YOUR INBOX
The Truth Hurts