US Edition4 Articles
4 Articles
US Workers Increasingly Turn to Gig Economy as Job Market Loses Steam: Report
Contraction in the country’s labor market amid widespread layoffs among major employers is leading to an increase in the number of people joining the ranks of the gig economy, according to a Nov. 17 report by Goldman Sachs. Between 5 percent and 15 percent of Americans are supplementing their income through gig work, which includes temporary contract and freelance work, as well as platform-based gig jobs such as driving for Lyft or delivering fo…
Goldman Sachs: Over 1.1 Million Layoffs in 2025 Push 15% of ‘Unemployed’ into Gig Work on Uber, DoorDash, and Instacart
America’s job market is cooling noticeably, and the gig economy is quietly picking up more of the slack as workers search for ways to make ends meet. A fresh analysis from Goldman Sachs shows that platform-based gig work — from Uber (UBER) to DoorDash (DASH) and Instacart (CART) — is holding steadier than traditional payroll […]
The US labor market continues to cool, with many workers turning to gig work on platforms like Uber and DoorDash. A recent Goldman Sachs analysis indicates that as traditional employment slows, the number of workers working for platforms like Uber, DoorDash, and Instacart increases. Currently, these job opportunities remain stable. The Goldman Sachs analysis found that as traditional employment growth slows, about 20% of workers facing income sh…
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