US Workers Increasingly Turn to Gig Economy as Job Market Loses Steam: Report

A person speaks to a delivery worker outside of restaurant that uses app deliveries in New York City on July 7, 2023. Spencer Platt/Getty ImagesContraction in the country’s labor market amid widespread layoffs among major employers is leading to an increase in the number of people joining the ranks of the gig economy, according to a Nov. 17 report by Goldman Sachs.Between 5 percent and 15 percent of Americans are supplementing their income through gig work, which includes temporary contract and freelance work, as well as platform-based gig jobs such as driving for Lyft or delivering for Uber Eats, Instacart, or DoorDash, the report said.