Story perspectives
U.S. Job Market Cools, Workers Shift to Gig Economy
11/19/2025
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Story summary
- The U.S. job market is cooling, prompting more workers to turn to gig work for income.
- A Goldman Sachs analysis finds that one in five individuals who faced job loss or reduced hours have sought gig opportunities.
- Gig workers now earn 50%–65% of their previous hourly wages.
- Goldman cautions that gig work may not support all job losers during a recession.
