USA the Largest Economy in The World and backbone of This Economy That Is USA's Working Class. And This Class grinding harder than Ever and Numbers Don't lie!
According to the latest Data from FRED (Federal Reserve Economic Data) The Number of American who holding Multiple Jobs has reached officially at 8.963 Million in March 2025
If You glance the chart,The Climb is Impossible to Miss—Especially The sharp Rise started Around 2021 after the pandemic Dip (The Dip of 2020 ,Which You Can Clearly See in Chart) This bounce was not Steadily but it was Aggressively and at Current Situation this momentum hasn't slowed it's only Climbed Higher and Higher
For Over Two decades between 1995 to 2020,The number of Multiple Jobholders are hovered mostly between 7 million to 8 million but the Recent peak was so whole new level and graph is peaking past the 8.8 Million Mark and hitting fresh high of 8.93 Million In match Month
What the main Reason Behind this Sharp Surge?
Many Experts Believes there's cocktail of reason behind this record breaking streak. Inflation is keeping living high and even though wages have grown for some,It has not enough many households to cover the rent,groceries and many others necessary things.
According to the Certified Financial Planner Carolyn McClanahan “If you're going to try some semblance of traditional life with kids,house and transportation it takes lot of Money to Do that”
Rising Number of College Educated Workers With Multiple Jobs
Federal Reserve Bank of St. Louis New Analysis Found that share of Multiple jobs with College degree increases to 52% from 50% in 2023 and it was 45% in 2019
Is This Good or Bad ?
This is the double-Edged Sword,On one hand Spike in Multiple Jobholders shows people finding creative way to make the money and it shows adaptability and Resilience And other Flip side shows its not just problem for millions people it's red flag for policymakers and FED
Disclaimer:
The information provided in this article is for informational purposes only and is based on publicly available data from reliable sources, including the Federal Reserve Economic Data (FRED).
