Most U.S. businesses have no employees. Astounding!
“Approximately 75 percent of all U.S. business locations are non-employer businesses,” said William Bostic Jr., associate director for economic programs at the U.S. Census Bureau, which, on Wednesday, released a study on non-employer businesses in 2011.
Drawing from tax data, the U.S. Census looked at 19.4 million sole proprietorships, 1.4 million corporations, and 1.6 million partnerships. To qualify, a business has to bring in $1,000 in annual receipts.
"The majority of all business establishments in the United States are non-employers, yet these firms average less than 4 percent of all sales and receipts nationally," the Census report said.
"Most non-employers are self-employed individuals operating unincorporated businesses (known as sole proprietorships), which may or may not be the owner's principal source of income," according to the report.
The number of non-employee businesses rose 1.7 percent from 2010 to 22.5 million businesses in 2011. California had the largest increase in the number of non-employee businesses. Other big increases were in New York, particularly Brooklyn, and Texas and Florida. Cook County, Ill., as in Chicago, also saw a big jump.
How did our region do? You can click here to check out different time periods, counties and geographic areas.
In 2010, there were 371,927 non-employee businesses, bringing in $18.3 billion in revenues. In 2011. the number rose to 380,379, bringing in $19.2 billion.
I just want to quickly recap our local counties, all up in the number of businesses and the amount of revenues over 2010.
Burlington: 26,192 businesses with $1.44 billion in revenues
Camden: 28,249 businesses with $1.39 billion in revenues.
Gloucester: 14,804 businesses with $705 million in revenues
Bucks: 49,461 businesses with $2.69 billion in revenues
Chester: 39, 305 businesses with $2.25 billion in revenues
Delaware: 38,479 businesses with $1.89 billion in revenues
Montgomery: 66,009 businesses with $3.9 billion in revenues
Philadelphia: 77,156 businesses with $2.75 billion in revenues