Definition
Categorizes employed individuals based on the type of employer they work for: private for-profit companies, private non-profit organizations, local/state/federal government, or self-employed (either incorporated or not incorporated businesses).
Why It Matters
Provides insight into the fundamental structure of employment within a region, distinguishing between private sector dynamism, public sector stability, and entrepreneurial activity.
Specific Relevance for Professionals:
Marketers
Informs B2B marketing (e.g., software for government agencies, services for non-profits). Also relevant for B2C if product aligns with lifestyle/benefits of public vs. private employees, or directly targets entrepreneurs.
Researchers
Fundamental for studying labor market structure, the balance between public and private sector employment, and trends in entrepreneurship. It helps analyze economic stability and employment models.
Consultants
Crucial for advising clients on market entry based on the dominant class of worker, talent acquisition strategies (e.g., targeting public sector talent), or assessing entrepreneurial ecosystems.
Public Policy Workers
Important for informing economic development policies (e.g., supporting small businesses, public sector employment), tax policies, and understanding the overall employment landscape for planning.
