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

Unemployment has improved since 2012.
Unemployment in 2012 was highest for people of color, people with lower educational attainment, and people with lower incomes.
Major disparities are 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

Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through its monetary policy. View data notes for this measure.

Data Visualization

Unemployment (2019)

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

Key Takeaways

Overall, unemployment has decreased since a peak in 2012.

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

Unemployment rates were higher for residents with lower levels of educational attainment at peak unemployment in 2012.

Residents with a high school diploma or less experienced an unemployment rate of 19% in 2012 compared to 4% of residents with a Bachelor’s Degree or higher.

Unemployment rates are higher for residents with the lowest incomes.

Residents who live in households under $20,000 had the highest rates of unemployment at about 24% in 2019.

There were major disparities in unemployment rates by race/ethnicity in 2012, the peak of unemployment.

In 2012, at the peak unemployment period, Black and Hispanic/Latino residents had higher levels of unemployment compared to White residents at about 22%, 17%, and 9%, respectively. In 2019, however, unemployment levels were not different among these three groups.

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 (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.