[LS]

Very good. Thanks.

BTW, did I miss something, or if you are "self-employed" and don't take "pay" but rather take "profits," you are not even counted as part of the labor force? You aren't "employed" and you aren't "unemployed." I looked through the "who is employed," and a self-employed person living off profits doesn't seem to fit.

[proxy_user]

This is a big problem. What if you are the owner and sole employee of a sub-S corp? Even if you don't currently have any contracts, you may still be paying yourself on a W2 from money you have saved up in your corp. On the other hand, if you do have a contract, it may turn out months from now that the customer won't or can't pay.

[lelio]

That's a good question.
Plus, what if you are a self employed person that's only doing 20 hours a week? Or you cut your rate down so that a 40 hour week pays the same as a 30 hour week?
Course that's a hard question to ask "Would you like to make more money in a week?" Gee, I wonder. Perhaps a "Are you making more or less money than you did a year ago"

[Dave S]

did I miss something, or if you are "self-employed" and don't take "pay" but rather take "profits," you are not even counted as part of the labor force? You aren't "employed" and you aren't "unemployed."

Thats my understanding. As one who is self-employed I can not be unemployed and therefore dont need to worry about things like unemployment compensation. I dont qualify. For the number of hours I put in, it makes me a little angry that they dont think Im in the workforce. :-)

[Jim Cane]

BTW, did I miss something, or if you are "self-employed" and don't take "pay" but rather take "profits," you are not even counted as part of the labor force? You aren't "employed" and you aren't "unemployed." I looked through the "who is employed," and a self-employed person living off profits doesn't seem to fit.

Aw heck! I'm neither here not there, but I'm doing alright. Contracts are rolling in. I feel bad for all you present and future laid off people who won't be able to afford my services.

Hey, wait a minute!