54°
This marks the highest rate since April 2009, during the Great Recession.
At least 5 percent of the American workforce is now balancing multiple jobs, according to the Bureau of Labor Statistics (BLS). While inflation has slowed in recent months, financial pressures continue to drive workers toward additional employment.
Rising Costs, Reduced Hours Among Key Factors
Economic uncertainty, increased living expenses, and reduced work hours are among the leading reasons workers are taking on extra employment.
The BLS reported that in February, the number of individuals working part-time for economic reasons increased by 460,000, bringing the total to 4.9 million.
These workers were either unable to find full-time positions or had their hours cut.
College Graduates Increasingly Holding Multiple Jobs
A March report from the Federal Reserve Bank of St. Louis revealed that in 2024, more than half of multiple job holders — 50.2 percent — had a college degree.
This represents a 9.1 percent increase from 2019, highlighting a shift in the demographic profile of those seeking additional income.
Click here to follow Daily Voice Plainville and receive free news updates.
