Rectech: The Recruiting Technology Podcast

A number of reports and studies regarding the freelance world, AKA the ‘gig economy’ have been published lately so I wanted to summarize the key statistics found in the data. 50%: of the workforce will be comprised of gig workers by 2028. Source: PYMNTS.com The 57 million Americans who freelanced this year represent 35% of the U.S. workforce and an increase of 4 million freelancers since 2014. SOURCE: Upwork 16 Million: number of Americans who consider themselves self-employed as of July 2019. Source: PYMNTS.com 1 in 6 enterprise workers are actually gig workers paid as either 1099-MISC (1099-M) workers or short-term W-2 employees working one to six months. Source: ADP 56 million people are now freelancing,... an increase of 3.7 million over the past 5 years. Source: Freelance Union The freelance workforce is overall very young, with nearly 70 percent of freelancers surveyed being under the age of 35, and 21 percent are under the age of 25. SOURCE: Payoneer The worldwide average hourly rate charged by