The number of people with multiple jobs hit the highest level since the start of the pandemic in March.
Multiple jobholders reached 8,137,000 in March, or 5.1% of the total employed population, according to the latest data from the Bureau of Labor Statistics. That’s up from close to 7.5 million people during the same period last year, or 4.7% of the total employed population.Multiple jobholders reached 8,137,000 in March, or 5.1% of the total employed population, according to the latest data from the Bureau of Labor Statistics. That’s up from close to 7.
The high cost of living and workers’ desires to protect themselves in the event of a layoff are the two main factors driving the rise in the share of employees with multiple jobs right now, said ZipRecruiter Lead Economist Sinem Buber in an email to MarketWatch. Employees are also looking for additional income sources to ensure they have at least one source of income if they lose a job due to a potential recession, she said.
“With the cost of living remaining so high, it can be challenging for individuals to meet their expenses with just one job,” Buber said.
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