The St. Louis Fed recently analyzed how the portion of American workers who work multiple jobs has changed since the pandemic. During the COVID-19, the rate of people working multiple jobs dipped to around 4%. This was significant because this was historically low. Since then, around March 2025, that rate had recovered to about 5.5% which translates to over 8 million people. Alongside that, the number of people working multiple part-time jobs also fell between March and July, which could indicate that some workers returned to full-time roles or quit their part-time employment.
These changes are important and have some implications for the labor market. Rising rates of people holding multiple jobs often indicate financial pressures or when money is tight. On the other hand, it’s important to consider that some of this increase may not be because of financial pressure, but rather done willingly because of life-style changes or related circumstances. At the end of the day, the consistency of millions of people working more than one job highlights the current challenges in the economy and home income.
1 comment:
I almost picked up a second job this summer due to not getting the hours I wanted at my current job. Luckily, I was able to end up getting what I wanted, so I could stick to just 1.
It is sad that some people have to work 80 hours a week to get by. I like how you mentioned that sometimes people are willingly working this much, not just because they have to.
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