Story perspectives

2025 Gig Economy Soars Amid Job Growth Struggles

3/9/2025

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Summary

Story summary

In 2025, 32% of workers participated in the gig economy, driven by economic pressures increasing part-time employment.
Nonfarm payrolls grew by 151,000 in February, falling short of expectations, with the unemployment rate rising to 4.1%.
Average hourly earnings increased by 0.3%, but wage growth remains behind consumer spending.
The health care sector added 52,000 jobs, while retail and federal government positions decreased.
Demand for instant payments in the gig economy surged, accounting for 30% of accounts payable volume.

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Story summary

In 2025, 32% of workers participated in the gig economy, driven by economic pressures increasing part-time employment.
Nonfarm payrolls grew by 151,000 in February, falling short of expectations, with the unemployment rate rising to 4.1%.
Average hourly earnings increased by 0.3%, but wage growth remains behind consumer spending.
The health care sector added 52,000 jobs, while retail and federal government positions decreased.
Demand for instant payments in the gig economy surged, accounting for 30% of accounts payable volume.