Spectacular Gig Economic system Stats and Tendencies 2022 You Should Know

Spend time researching the gig financial system on-line, and also you’ll discover conflicting data.

In some locations, they are saying it’s on the decline, whereas some say it’s booming.

If you wish to know the reality behind this phenomenon, the next gig financial system and freelance statistics and trends will open your eyes.

The gig financial system is a time period that folks use to explain a selected labor market sector.

The roles that giggers do are usually extra short-term fairly than everlasting.

Every kind of contingent work preparations get grouped below the time period together with:

• Consultants
• Freelancers
• Unbiased professionals and contractors
• Short-term contract employees (temps)
• Outsourced networks and groups
• Moonlighters

Now what we’re speaking about, let’s dive in with some gig financial system stats that paint an image of what work seems like at this time.

Key Gig Economic system Stats and Tendencies

1. Greater than two-thirds of full-time gig financial system individuals see gig work as safer than conventional employment.
2. 31.63% of freelancers say they’ve skilled a lower within the demand for his or her companies.
3. US gig employees convey $1.21 trillion in income into the financial system.
4. Predictions are that the gross quantity of the gig financial system will attain $455.2 billion by 2023.
5. A 2021 survey revealed that 20% of individuals are contemplating turning into freelance employees.

International Gig Economic system Statistics

6. 97% of individuals dwelling in Mexico and India are open to becoming a member of the freelance financial system.
7. In Australia, Italy, the UK, and Spain, 90-94% of individuals are open to gig work.
8. As much as 93 million working-age individuals throughout Europe and within the US are a part of the gig workforce.
9. The UK’s gig financial system, between 2016 and 2019, doubled in dimension, which equates to 4.7 million employees.
10. Between 2008 and 2015, the variety of unbiased employees jumped 24% within the European Union, from 7.7 million to 9.6 million.
11. 3% to 10% of employees in mature economies and greater than 30% in some creating nations reported utilizing gig platforms for a secondary earnings supply.

Gig Economic system Dimension Stats

12. In accordance with the latest and dependable knowledge, within the US financial system, there are greater than 57 million gig employees, which equates to 36% of all US workers.
13. 63% of the non permanent employees within the US are ladies.
14. 162 million European and American employees have tried freelancing.
15. In 6% of US corporations, 85% of workers are gig employees.
16. By 2023, the gross quantity of the gig financial system might attain $455.2 billion.
17. A examine in 2019 by Mastercard estimated that the worldwide gig financial system was producing $204 billion in gross quantity.
18. A 2020 report from Intuit put the US contingent workforce at 25-30%.

Standard Sectors and Sorts of Gig Work Stats

19. The best-paid gig financial system job within the US is a therapeutic massage therapist ($27.84 per hour).
20. 40% of people that turned unbiased employees this yr say they discover new clients through the use of the product and on-line expertise marketplaces and on-line platforms.
21. 45% of freelancers present consulting companies.
22. Gig employees additionally discover development business work highly regarded.
23. By 2023, it’s thought that the demand for gig employees in manufacturing and discipline companies might attain 88%.
24. It’s also predicted that demand for help companies and company workers can be 94%.
25. Skilled service companies and huge companies use a versatile expertise for 72% of initiatives.
26. Worldwide, 58% of the gig financial system is within the space of transportation. As well as, accounting, authorized, finance, skilled advisory companies, and IT are additionally beginning to see an increase in gig employees.
27. The gig financial system has the second-highest variety of work alternatives provided.

Gig Work Throughout COVID Stats

28. Worldwide, 62% of gig financial system employees have misplaced their job due to the coronavirus pandemic.
29. 26% of world gig financial system employees say their working hours have decreased.
30. 27% of freelancers say that their degree of labor has stayed the identical.
31. Because the coronavirus outbreak, the sector that has seen probably the most important improve in its hourly charge (54%) is furnishings elimination.
32. Different industries which have seen an enormous improve in hourly pay charges embody warehouse labor (46%), handyman (42%), carpenter (13%), and safety guard (14%).
33. 4-fifths of hiring managers have now used extra net, cell, and software program improvement freelancers since the beginning of COVID.
34. 12% of the workforce within the US began taking freelance jobs in the course of the pandemic.
35. 10% of the US freelance workforce needed to put their endeavors on maintain as a result of international health disaster.
36. Initially of the COVID-19 pandemic, 52% of worldwide gig financial system employees misplaced their jobs as a result of financial downturn.
37. The variety of part-time and full-time gig employees who’ve customers as their major clients decreased by 34% at first of the worldwide well being disaster in 2020.
38. In comparison with non-freelancers, individuals who work independently are higher geared up to climate the present pandemic storm.

Gig Economic system Labor Statistics

39. As of August 2021, the US had 24.57 million part-time workers.
40. The best variety of gig employees within the US is in Florida (22%), together with Texas and California.
41. The share of gig employees in New Jersey, Massachusetts, Pennsylvania, Ohio, New York, and Illinois is 16%.
42. 57% of contract employees work greater than 40 hours per week.
43. On common, gig employees earn 58% lower than full-time conventional workers, and greater than half haven’t any entry to employer-provided advantages.
44. The best paying freelance work is within the fields of Blockchain and AI.
45. In accordance with the most recent knowledge, the biggest employer of gig employees within the US is the federal government/public sector (14%).
46. In the US, there are roughly 170 gig financial system corporations that solely rent distant employees.
47. The most important US digital corporations are AnswerConnect, InVision, Automattic, and Toptal.

Staff’ Opinions Stats

48. 99% of remote workers say they would like to continue working remotely till their profession ends.
49. Solely 2% of distant employees don’t think about it a long-term choice.
50. 64% of freelancers wish to keep unbiased fairly than work extra historically.
51. 70% of freelancers say they selected this line of labor as a result of it meant a greater work-life steadiness.
52. Regardless of the current well being disaster, 86% of freelancers have excessive hopes for the long run.
53. With reference to their employment, freelancers think about job safety and medical protection key considerations.
54. Greater than half of freelancers say they’d not return to conventional work for any amount of cash.
55. 84% of freelancers say they live the life they like in comparison with simply 54% of conventional employees.
56. 78% of gig employees say they’re happier than conventional employees.
57. 68% of giggers think about themselves more healthy.
58. One-sixth of conventional employees wish to turn out to be unbiased earners.
59. Two-thirds of full-time freelancers say they turned unbiased in order that they could possibly be their very own boss.

Demographics of Gig Economic system Staff Stats

60. 63% of the part-time labor drive within the US are feminine.
61. Two-thirds of gig customer support reps are multilingual.
62. 72% of gig customer support employees are college graduates.
63. 44% of millennials freelance.
64. Era Z is probably the most occupied with freelance work (50%).
65. Child boomers are extra skeptical of the gig financial system, as lower than one-quarter of them freelance.
66. 41% of postgraduates freelance.
67. Millennials are serving to develop unbiased work and account for one-third of all freelancers.
68. 76% of all contingent employees are white.
69. Solely 17.1% of contingent employees within the US are African Individuals.
70. The share of contingent employees of Hispanic and Asian origin are 16.4% and 5.8%, respectively.
71. 53% of full-time gig financial system employees take part in political actions, in contrast with solely 34% of full-time non-freelancers.

Job Safety and Satisfaction within the Gig Economic system Statistics

72. Nearly 60% of unbiased gig employees say their working situations are versatile.
73. The primary purpose individuals select to search for gig financial system work is to take pleasure in a greater work-life steadiness.
74. 1 in 6 employees in conventional jobs wish to work full-time on their very own enterprise enterprise.
75. Greater than half of gig employees even have an everyday or full-time job.
76. 19% of gig employees say their gigs present extra cash or cowl each day bills.
77. Whereas 50% of college-educated freelancers say training and coaching are useful for his or her careers, 54% declare that value prevents them from bettering their abilities.
78. 79% of gig employees say they’re greater than glad with their work.
79. 45% of full-time gig employees expertise excessive financial anxiousness.
80. 56% of unbiased employees say they really feel extra financially safe than after they have been in payroll employment.

Gig Staff’ Financials Stats

81. If you wish to be a New York app-based supply driver, you may count on to earn $7.87 per hour with out ideas.
82. In New York Metropolis, virtually half of a courier’s earnings come from ideas.
83. 27% of gig financial system employees with a gig job as their major supply of earnings haven’t any retirement financial savings.
84. Solely 12% of respondents with a full-time job and a aspect gig have retirement financial savings.
85. The tax charge for unbiased contractors stands at 15.3%, 2.9% is for Medicare, and 12.4% for social safety.
86. Round 40% of US employees generate 40% of their earnings by freelancing.
87. The imply freelance hourly charge ranges from $10 to $29 worldwide.
88. Freelancers will not be protected by minimal wage and are free to set their very own costs for his or her work.

The Gig Economic system and Tech Stats

89. Within the newest report from Upwork, two-thirds of hiring managers say they are going to be rising their use of tech freelancers over the subsequent yr.
90. Greater than 70% of freelancers use gig economy websites and on-line markets for locating work.
91. The most important freelance work web sites embody Upwork (15 million customers), Fiverr, and Toptal.
92. Round 77% of freelancers say that know-how has made it simpler to seek out job alternatives.
93. Within the US, 53% of younger adults use their smartphones for job looking.
94. Fb is used for self-promotion by 34% of full-time freelancers.
95. Greater than 30% of Fortune 500 corporations use Upwork to seek out their proficient unbiased workforce.

Present Gig Economic system Tendencies

96. Within the US, 36% of employees take part within the gig financial system by their major or secondary jobs.
97. The kind of gigs individuals tackle range significantly, from graphic design and freelance writing to creating Instacart deliveries and driving for Uber.
98. For 44% of gig employees, their major supply of employment is within the gig financial system.
99. Gig financial system apps and platforms similar to Upwork and Fiverr aren’t as standard in mature economies such because the US.
100. 80% of distant employees often work from their home, 9% work from a company office, 7% from a co-working space, 3% from coffee shops, and 0.5% from libraries.
101. The gig financial system is increasing 3 times faster than the US workforce.

Way forward for the Gig Economic system Stats

102. By 2023, predictions are that 52% of the US workforce could have been unbiased employees in some unspecified time in the future of their profession.
103. By 2027, estimates put the variety of freelancers at 86.5 million.
104. In lower than a decade, it’s thought that 40% of America can be freelance employees.
105. By 2025, 20-50% of customer support brokers can be freelance.
106. The freelance platform market might attain $9,192.9 million by 2026.
107. By the top of 2023, Uber will surpass $35 billion in US ride-sharing gross sales.
108. Within the coming years, 80% of huge companies are planning to extend their versatile workforce significantly.

Conclusion

We would suppose the gig financial system is one thing new, however it’s been round because the early 1900s.

Jazz musicians conceptualized the time period, and gig-type work was promoted to fill workforce gaps throughout World Conflict II.

Since then, the gig workforce has been rising exponentially, and it doesn’t seem like slowing down anytime quickly.

In case you have been contemplating turning into a part of the gig financial system, the statistics we’ve shared may simply persuade you that it’s value taking the plunge.

We gathered the info and data from many various sources, together with the next:

Gigs Done Right
What to Become
SmallBizGenius
Zety
Fortunly
FinancesOnline