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Census Bureau Releases Demographic Characteristics of Nonemployer Business Owners
AUGUST 8, 2024 ? Women owned 42.1% (12.0 million) of the nation?s 28.5 million nonemployer businesses (businesses without paid employees) and had $365.2 billion in receipts in 2021, according to the new Nonemployer Statistics by Demographics?(NES-D) series released today by the U.S. Census Bureau. Minorities, those classified as any race and ethnic combination other than non-Hispanic and White, owned 37.9% (10.8 million) of nonemployer businesses and had $419.6 billion in receipts. There were a total of 28.5 million nonemployer businesses with $1.5 trillion in receipts in 2021.
This release also includes business owners? urban and rural classification, receipt size of firm, legal form of organization (e.g., sole proprietorships and partnerships), and for the first time, tabulation of nonemployer business data by county.
The NES-D is an annual series that uses existing administrative records and decennial census data to link demographic characteristics of owners to the universe of nonemployer businesses. The nonemployer universe is comprised of ?businesses with annual receipts of $1,000 or more? and filing federal income tax. Continue reading to learn more.
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About the Census Bureau
We serve as the nation?s leading provider of quality data about its people and economy.?The Census Bureau is the federal government's largest statistical agency. As the world?s premier statistical agency, we are dedicated to making our nation a better place. Policy-makers, businesses, and the public use our data to make informed decisions.
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