The work performed by non-employer establishments in the Washington region mirrored that of employer establishments in 2015. The distribution of establishments, the value to the worker/owner and the relative concentration was similar for both non-employer and employer establishments. The key differences were the result of sub-sector concentrations that reflect both traditional gig economy work, real estate brokers, and the rise of the new, tech-enabled gig economy worker, especially Uber/Lyft drivers.
Non-Employer Establishments: How Does the Washington Region Compare?
- Post author By SFI Admin
- Post date November 14, 2017
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The US has also experienced significant growth in non-employer establishments, from 15 million in 1997 to over 24 million in 2015. Still, the Washington region outpaced US growth and that of most of the other large metropolitan areas. Of the 15 largest metros, the Washington region had the sixth largest increase in non-employer establishments between 1997 and 2015.
Non-Employer Establishments: What’s Happening in the Washington Region
- Post author By SFI Admin
- Post date November 14, 2017
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Work in today’s economy is conducted in many different ways. It increasingly does not involve a wage or salary job, a single boss, or employment with a company. Non-employer establishment statistics are one supplemental source that gives us some more insight into this phenomenon in the Washington region. These data suggest that the gig economy, self-employed and freelance workers, and independent contractors play a sizable role in the Washington regional economy.
Schar School Stat: New Home Permits in the Washington Region
- Post author By SFI Admin
- Post date November 13, 2017
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Between January and September 2017, a total of 19,015 new home permits were issued in the Washington region, 1.3 percent (245 permits) fewer than in the same period in 2016
Why D.C. developers will feel the hit from a shrinking pool of millennials
- Post author By Keith Waters
- Post date November 10, 2017
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From The Washington Business Journal: More millennials are leaving Greater Washington than moving in, and that could spell trouble for commercial real estate developers across […]