4.34 million self-employed without employees, ‘highest in 14 years’

The number of self-employed people with no employees increased for 42 consecutive months, the highest in 14 years last month, it was found.

A self-employed person operating without an employee prepares to start business at a pub in Chungmuro, Jung-gu, Seoul on the 29th. news

According to the National Statistical Portal of the National Statistical Office on the 29th, the number of self-employed without an employee recorded 4,339,000 last month, an increase of 49,200 (1.1%) from a year earlier. This is the highest number since 2008 (4567,000 people) as of July.

The National Statistical Office classifies a person who conducts a professional business or runs a business alone or with unpaid family workers as self-employed with no employees. Through a sample survey, the number of employed people by occupational position is counted and the number of self-employed without employees is announced in the monthly employment trend.

The number of self-employed people without employees has increased for 42 consecutive months since February 2019 in terms of the rate of change compared to the same month of the previous year. This seems to have been influenced by the recent increase in platform-based workers such as delivery riders. Platform workers belonging to delivery agencies, etc. are classified as self-employed without employees.

It is estimated that the number of start-ups, etc. increased as the retirement population increased, such as the ‘baby boom generation’ (born between 1955 and 1963), contributed to the increasing trend of self-employed people with no employees.

The total number of self-employed decreased by 10,000 (0.2%) from 5.7 million in July 2018 to 5,691,000 last month. On the other hand, the number of self-employed people in their 60s or older increased by 394,000 (23.8%) from 1654,000 to 2,048,000 during the same period. The number of self-employed people over the age of 60 without employees increased by 376,000 (27.1%) from 1389,000 to 1.765,000.

By industry, the proportion of those engaged in agriculture, forestry, and fishery among self-employed without employees increased from 21.6% to 23.5% during the same period. Agricultural, forestry, and fishery workers account for the largest proportion of those in their 60s or older.

Reporter Lee Kang-jin

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Source: 경제 by www.segye.com.

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