America’s gig economy workforce holds steady around 10% ========== A Bureau of Labor Statistics report published on November 8, 2024, shows that approximately 15.5 million people, or 10.2% of the American labor force, are employed in the gig economy. This percentage has remained stable since pre-pandemic levels, with the last report in May 2017 indicating a 10.1% share. The report is based on a special supplement to the Current Population Survey for July 2023. The largest category of gig workers are independent contractors, who tend to be older. Young Americans aged 16 to 24 are four times more likely to have contingent jobs than those aged 25 to 54, with 12.9% of younger workers in gig roles compared to 3.1% of prime-age workers. The preference for permanent jobs among contingent workers has decreased to 45% from over 50% since 2017. The BLS plans to release future estimates on digital platform employment. #GigEconomy #LaborStatistics #BureauOfLaborStatistics #Employment #IndependentContractors #YouthEmployment #ContingentJobs #UsLaborForce #2023Survey #EconomicTrends https://theedgemalaysia.com/node/733323