Consumer Unit Characteristics: Percent Black or African American by Occupation: Self-Employed Workers
CXU980270LB1202M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
50.00%
Date Range
1/1/1984 - 1/1/2023
Summary
This trend measures the percentage of self-employed workers in the U.S. who identify as Black or African American. It provides important demographic insights into the characteristics of entrepreneurship and small business ownership.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Unit Characteristics data from the U.S. Bureau of Labor Statistics tracks various socioeconomic indicators for different household groups. This specific series focuses on the racial composition of the self-employed workforce, shedding light on diversity in entrepreneurship and business leadership.
Methodology
The data is collected through the Consumer Expenditure Survey, a nationwide household survey conducted by the U.S. Census Bureau.
Historical Context
This metric is relevant for policymakers, economists, and market analysts interested in understanding trends in small business ownership and entrepreneurship across different demographic groups.
Key Facts
- The percent of self-employed Black workers has remained relatively stable over the past decade.
- Black Americans make up around 12% of the total U.S. population but a smaller share of self-employed workers.
- Racial disparities in entrepreneurship and small business ownership persist as a key economic issue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of self-employed workers in the U.S. who identify as Black or African American.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the demographic characteristics of entrepreneurship and small business ownership, which are key drivers of economic growth and opportunity.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey, a nationwide household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and market analysts interested in understanding diversity and inclusion in entrepreneurship and small business ownership.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Bureau of Labor Statistics, Consumer Unit Characteristics: Percent Black or African American by Occupation: Self-Employed Workers (CXU980270LB1202M), retrieved from FRED.