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More people are quitting self-employment these days than were giving up two decades ago, analysis of Bureau of Labor Statistics data reveals.
The figure below shows the annual self-employment exit rates calculated from Bureau of Labor Statistics (BLS) data. It indicates the number of people exiting unincorporated self-employment every year as a percentage of the number of people engaged in that activity that year. As you can see from the solid line in the figure, the exit rate fluctuates a lot from year to year, but as the dotted line indicates, the linear trend is upward.