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Study Shows Rise in Self-Employment Rate for Downtown Residents

By Eric Richardson
Published: Wednesday, August 24, 2011, at 07:17AM
DemoStudy_Infographic_04 Downtown Center Business Improvement District

Infographic showing data on Downtown residents from the Downtown Center BID's 2011 demographic study.



Downtown residents are increasingly likely to be self-employed, according to numbers released on Tuesday by the Downtown Center BID. While the business group's third demographic study showed the overall employment rate of residents staying relatively steady since 2008, the rate of residents reporting themselves as self-employed rose from 13.5% to 16.7%.

That's far above the national average, which was 10.4 percent in July according to the Bureau of Labor Statistics.

The 2011 demographic study was compiled from 11,323 responses, of which 4,464 came from those who reported living Downtown.

That's a statistically interesting percentage of the Downtown population, which the study estimates at 45,518.

Comparing the 2008 and 2011 numbers shows a Downtown population that is getting just a little bit older, with median age rising from 32.1 to 32.5. The largest percentage gains came in the 30 - 44 age range, which grew from 42.2 to 46.2 percent of respondents.

Employment rates in the arts and entertainment, education and health care, and information-media sectors were all up since 2008.

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