From what I have read this number was arrived at by having the house hold survey magically find roughly 800,000 home based self employed workers.
It is highly doubtful in my mind that could be the case but no idea if there is any oversight to make sure they simply don`t make up numbers.
Oh no it is more than that. It is over 1.1 million people that became consultants or started their own business.
Given: 114,000 new jobs by current employers. We know that 356,000 people left the work force. This cuts the number of unemployed by 470,000, which is about what has been happening for the last 6 months. So how did the total labor force increase by 876,000?
Through the miraculous household survey. This complete guess indicates that over 1,117,000 (876,000+114,000-356,000) people became consultants or started their own business. I maybe wrong on this by putting in the 114,000 as a positive which would indicate that the household guess poll thinks that 1,231,000 started business or became consultants. either way, I smell the scent of sweet, sweet unicorn farts.