Record Number of Americans Working More Than One Job Amid Economic Shifts
Record Number of Americans Taking on Multiple Jobs
At least 5 percent of the American workforce is now reported to have a second job. According to the Bureau of Labor Statistics (BLS), approximately 8.9 million Americans are working multiple jobs, a record high since the Great Recession in April 2009. Recent findings highlight that job holders predominantly possess higher education credentials, with over 50 percent holding college degrees.
Key Contributors to the Rise
- Financial pressures and the increasing cost of living.
- Employers cutting hours amid soft labor demand.
- Individuals seeking additional income to meet basic needs.
As noted by Carolyn McClanahan, a certified financial planner, a traditional lifestyle often requires substantial financial resources. Julia Pollak, chief economist at ZipRecruiter, echoed this sentiment, attributing the necessity for second jobs to economic challenges.
Changing Perspectives on Side Hustles
This significant increase follows a previous survey by Bankrate that indicated a decline in side hustle participation. While 39 percent of adults reported having a second job in 2023, this number dropped to 36 percent in 2024. Despite a cooling inflation rate, 32 percent of individuals with side gigs feel that additional work will be required for financial stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.