AXIOS November 28, 2023
Millions of Americans are doing casual work while not counting as employed for the purposes of the government’s official statistics, based on new research that sheds light on the true prevalence of informal gig work.
Why it matters: If more Americans are open to working than is implied by traditional economic data, the job market may be less tight than it seems — with more people open to opportunities for higher-paying, more stable work.
The details: The share of adults who are counted as employed would be higher by up to 5.1 percentage points (using generous estimates) if the people doing causal gig work properly reported doing so in the Current Population Survey, on which the jobless rate is based.
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