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Americans turn to self-employment during the pandemic

Many Americans who lost their jobs during the pandemic are turning to self-employment, a trend reflected in a 32% surge in self-employment tax applications during the first nine months of the year, according to Census Bureau data. "This shock is much more intense and has resulted in people turning to self-employment because they know those jobs probably aren't going to come back," says Joseph Brusuelas, chief economist at RSM US.

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