The ABC Data Exchange

Businesses
and Jobs

Employment and business ownership are key drivers to building and maintaining assets.

Employment and owning a profitable business with strong revenue are key ways to create an income that promotes the creation and maintenance of assets.

The measures on this page highlight the average value of businesses based on annual receipts and the level of unemployment in the adult population, two key areas in business and jobs that impact asset building.

Major Findings

The unemployment rate decreased significantly from its peak in 2012.
Unemployment was lowest for working age adults 35-64.
Major disparities were present in the value of businesses by race/ethnicity of the business owner.

Unemployment

Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is persons above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period.

Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed).

Unemployment can have many sources, such as the following:

  • new technologies and inventions
  • the status of the economy, which can be influenced by a recession
  • competition caused by globalization and international trade
  • policies of the government
  • regulation and market

View data notes for this measure.

Data Visualization

Unemployment (Forsyth County, 2019)

Use the dropdown menu below to view data on different groups.

Key Takeaways

Overall, unemployment decreased from a peak in 2012.

Unemployment peaked in 2012 in Forsyth County at around 13% and decreased to about 6% in 2019.

The unemployment rate was higher for younger working adults than older working adults.

In 2019, the unemployment rate was approximately 9% for 16-34 year olds compared to 4% for 35-64 year olds.

Unemployment rates were highest for residents with the lowest incomes.

Residents who live in households with incomes under $20,000 had an unemployment rate of 17% compared to 3% of residents who live in households with an income greater than $100,000.

Unemployment rates were not significantly different by race/ethnicity or sex in 2019.

Business Value

Business ownership is a fundamental engine for wealth creation and the value of businesses, measured in annual revenue, can demonstrate the extent of the profitability of the business and the potential for wealth creation [1]. 

The measure included here is the average business value determined by annual receipts and business ownership is defined as Business ownership by race/ethnicity is defined as a business in which White workers or workers of color own 50% or more of the equity, interest or stock of the business. View data notes for this measure. View data notes for this measure.

Data Visualization

Business Value (Forsyth County, 2012)

Use the dropdown menu below to view data on different groups.

Key Takeaways

There were major disparities in business value by race/ethnicity.

White business owners had an average value of $490,645, compared to a value of $111,805 and $48,052 for Hispanic/Latino and Black business owners.