Self starter

During the pandemic, driven by layoffs and on-the-job stress, there was a jump in business formation and in selfemployment. Nearly three years on, the self-employment, either through incorporation or without, has continued to outpace the total employment index. As of December 2022, benchmarked against employment levels in February 2020, the total employment index in the US has just fully recovered to 100.3. Meanwhile the index of self-employment through incorporation reached 105.3 in December 2022 while those directly self-employed reached 102.5. With layoffs in the technology sector accelerating this year, it is likely self-employment models will see a further increase for those knowledge workers. With a potential recession on the horizon, the question for these selfstarters is, will they find clients for their new ventures?