Gig Economy Surges as Traditional Job Market Cools
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BTCCSquare news:
America's labor market shows increasing fragility as workers pivot toward gig platforms like Uber, DoorDash, and Instacart. Goldman Sachs data reveals 20% of those facing income loss now rely on delivery apps—a trend concentrated in regions with slowing traditional employment growth.
October's 153,000 job cuts marked the worst monthly tally since 2003, with ADP reporting consistent weekly layoffs exceeding 11,000. The accelerating shift underscores broader economic pressures as 1.1 million layoffs accumulate this year.
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