Side hustles on the rise as workers fear recession - Jacksonville Business Journal

“The effects of a recession are hitting workers across business sectors — including tech and social media companies, e-commerce and real estate,” said Richard Wahlquist, president and chief executive officer at the American Staffing Association. “As employers focus on reducing expenses and belt tightening, workers are considering turning to second jobs or extra shifts to make ends meet.”

The nervousness on behalf of workers comes as 62% have noticed cost-cutting measures at their employer or received internal communication from management regarding a recession, according to the survey, which interviewed more than 2,000 adults, of whom 1,140 were employed. But the job market remains historically strong, despite worker fears and a growing unanimity among business leaders about a recession.

The United States added about 263,000 jobs in November, far above expert estimates of around 200,000. The unemployment rate sits unchanged from at 3.7%. The Labor Force Participation Rate, which is the percentage of working-age Americans actively seeking work or employed, dropped slightly to 62.1% in November,

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Breeze Airways adds new routes from Jacksonville, brings others back - Jacksonville Business JournalThe changes come as the airline is expanding at airports around the country.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Breeze Airways adds new routes from Jacksonville, brings others back - Jacksonville Business JournalThe changes come as the airline is expanding at airports around the country.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

These two Jacksonville-area hospitals are top for maternity care - Jacksonville Business JournalUS News and World Report has expanded its hospital ranking to look at maternity care. Here's the local hospitals who ranked the highest.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Aviation trends this year - Jacksonville Business Journal2022 began Jacksonville International's climb out of the depths of Covid. Here's where things stand now — and what's on the horizon.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Independent contractor rule could trip up small businesses - Jacksonville Business JournalThe Department of Labor is planning a new rule that could have significant implications for businesses employing independent contractors. Here's what businesses need to know.
Source: JaxBizJournal - 🏆 599. / 51 Read more »