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Upwork Study Finds 60 Million Americans Freelancing in 2022
Total freelance professionals reaches all-time high as people reevaluate the old ways of work SAN FRANCISCO--(BUSINESS WIRE)-- Upwork (Nasdaq: UPWK), the
About this update from Upwork Inc.
[{"type":"text","content":"\nTotal freelance professionals reaches all-time high as people reevaluate the old ways of work\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nUpwork (Nasdaq: UPWK), the world’s work marketplace that connects businesses with independent talent, today released the results of “Freelance Forward: 2022,” the most comprehensive study of the U.S. independent workforce, which found that 60 million Americans performed freelance work in the past 12 months, representing 39% of the entire U.S. workforce.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221213005068/en/Upwork Freelance Forward 2022 (Graphic: Business Wire)\nUpwork’s study found American freelancers contributed $1.35 trillion in annual earnings to the U.S. economy, $50 billion more than in 2021. With the current economic uncertainty, along with the rise of movements such as “The Great Resignation” and “Quiet Quitting,” many professionals are undergoing a once-in-a-generation reassessment of what it means to have a fulfilling career.\n\n“Freelancing continues to gain popularity among skilled professionals as more people evaluate their priorities and values around work,” said Margaret Lilani, VP of talent solutions at Upwork. “The 9-to-5, in-office, single employer model is not what all people want anymore. Instead, freelancing allows professionals to build meaningful careers with the work and clients that they choose, and many are taking advantage of this opportunity.”\n\nLarge swaths of the U.S workforce are redefining what work means beyond traditional career pathways and are seeking out alternatives. The result: a record number of professionals turned to freelancing in 2022.\n\nKey findings of the report include:\n\n\nFreelancing remains a significant part of the U.S. labor market and economy: Freelancers contributed $1.35 trillion to the U.S. economy in annual earnings in 2022, up $50 billion from 2021.\n\n\nFreelancing hits an all-time high: The share of professionals freelancing increased to 60 million Americans, up three percentage points from 2021 to 39%.1\n\n\nPerceptions of freelancing continue to shift: Nearly three-quarters of freelancers (73%) say that perceptions of freelancing as a career are becoming more positive, up from 68% in 2021.2\n\n\nGen Z and Millennials are the most likely to explore freelancing: In...