• 8 hours Hedge Funds Having A Banner Year
  • 11 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 14 hours BHP Turns Bullish On EVs
  • 16 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 1 day The $90M Inflatable Rabbit Redefining Modern Art
  • 1 day Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 2 days Italy’s Central Bank Embraces Sustainable Investing
  • 2 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 3 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 4 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
  • 5 days Executive Order Targets Huawei Over Espionage
  • 6 days Why Now May Be The Best Time Ever To Hold Gold
  • 6 days Fake News Sinks Shares In UK-Based Bank
  • 6 days De Beers To Build $468 Million Diamond Recovery Ship
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Gig Economy Take II: Nearly Entire Increase in Employment Since 2010 is in Gigs!

In my report, How Big is the "Gig" Economy? What about "Permatemps"? I accidentally put commas in the wrong place when reporting the estimated increase in "gig" employment.

With commas in the correct place, the estimated increase in gig employment between 2010 and 2015 is 10,058,540 not 1,005,854 as originally shown.

The BLS shows employment rose 10,628,000 in the same period.

Thus, nearly the entire increase in employment (94.6%) since 2010 has been in the gig economy!


Gig Statistics

  1. Total employment in December 2010: 139,301,000
  2. Total employment December 2015: 149,929,000
  3. 2010 "gig" employment (10% of line 1): 13,930,100
  4. 2015 "gig" employment (16% of line 2): 23,988,640

I used "Civilian Employment", a household survey measure, in my calculations, for reasons fully explained in the original article.

According to the BLS, the growth in employment from December 2010 to December 2015 was 10,628,000. This number was reported correctly.

The study estimates 10% of employment in 2010 was gigs compared to 16% of employment in 2015.

Putting commas in the right place on lines three and four, the increase in gig employment in the same period is 10,058,540 not 1,005,854 as originally shown.

Only one person caught this error. Thanks Jan "JdJ"!

Virtually the entire increase in employment (94.6%) since 2010 was in the "gig" economy!

 

Back to homepage

Leave a comment

Leave a comment