Self-Employed Workers

Self-employed workers are individuals who run their own businesses or work for themselves rather than as employees of a company. They may be freelancers, entrepreneurs, or sole proprietors. In terms of labor force participation, they contribute to the economy by creating jobs, generating income, and providing services or products. Their participation reflects flexibility in the job market, allowing individuals to pursue their passions or adapt to economic changes. While self-employment offers independence, it also comes with challenges like inconsistent income and lack of employer-provided benefits. Overall, self-employed workers play a vital role in the labor market.