Embracing the Gig Economy & Temporary Work – November 2024
Hiring rebounded in November 2024, following the 36,000 revised job total seen in October 2024. Employers continued to engage with temporary workers last month, as seen in the employment increase for that sector. Rose International remains committed to individuals’ career growth by providing contingent job opportunities as well as other job types. There are numerous advantages professionals gain from temporary jobs and the Rose International Team continues helping professionals find the right opportunities for them.
A November Hiring Increase
The labor market gained 227,000 jobs in November 2024, according to the Bureau of Labor Statistics (BLS). This is a 14% increase compared to the same month in 2023.
The BLS also reported an increase in the unemployment rate to 4.2%. The industries with the highest monthly hires included health care, leisure and hospitality, government and social assistance. Additionally, the temporary help services sector gained 1,600 jobs.
Employers continued to fill openings for temporary jobs in November 2024, including seasonal hiring. Rose International saw the most demand for skilled workers in the business professional, IT and admin/clerical categories.
Contingent Work’s Growth & Advantages
The gig economy, comprised of employment known as contingent, temporary or contract jobs, is a growing sector of the labor market. In 2021 and 2020, 3.1 million and 2.1 million respective workers entered this sector for the first time. In 2023 and 2022, 12 million and 14 million individuals worked temporary jobs. The staffing industry is expected to increase by 5% in 2025 and 4% in 2026.
Jobs in the gig economy are considered mainstream ways of working due to the numerous advantages provided to individuals at any career stage. Advantages of contingent work include:
Opportunity to add experience to resumes: Individuals who choose temporary jobs gain work experience in their existing fields or in different areas.
Gaining new skills and knowledge: Job seekers pursuing contingent work set themselves up to learn new skills and knowledge to utilize throughout their careers.
Growing professional networks: Working in the gig economy helps professionals meet individuals to add to their professional network for guidance, feedback and more.
Workforce reentry: Contingent work opportunities help individuals reenter the workforce after a gap in employment.
Flexibility: Temporary jobs give individuals flexibility to pursue job opportunities that align with their needs and goals.
Contingent work opportunities are available throughout various industries and job levels. Connecting with recruiters, such as the Rose International Team, gives job seekers a streamlined view of job openings that are the right fit for them. Get in touch with Rose International by clicking here.
Temporary jobs are instrumental in economic recoveries as organizations need help to meet fluctuating conditions. As consumer demand shifts, employers efficiently grow their teams and often seek contingent workers. Doing so gives hiring teams access to individuals with desired skillsets. Rose International works with clients to provide a workforce to achieve their goals.
Following slower job market growth in October 2024, the hiring rate rebounded in November as many organizations worked to keep up with shifting economic conditions. As the contingent workforce continues growing, Rose International is eager to help job seekers begin the New Year with a new job.
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?? Rose International?is one of the largest providers of Staffing and Total Talent Solutions to corporations and government agencies, employing thousands of people in all 50 states and Canada. Certified minority- and woman-owned, the company is headquartered in St. Louis, MO and has offices and service delivery centers across the U.S. and India.
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