Over 40% Online Job Growth in Q3 (Not A Typo).e_darrellj | Nov 14, 2012
With the way spin doctors can bend statistics these days, we’re all getting a little numb to facts & figures. But when Elance’s Q3 Global Online Employment Report came out this week, our jaws literally dropped. More than a few coffee cups were dropped too.
Fact is, the online work sector is now growing at a mind-boggling clip. The bottom line is that Elance saw tremendous growth on both the freelancer and client side in Q3 2012. Specifically we saw a 41% growth in new jobs posted by businesses (nearly 220,000), and 42% growth in freelancer earnings (topping nearly $50 million).
The numbers were particularly astonishing in U.S. cities where unemployment rates are above 10% (the national average is hovering around 8%). This can be attributed to workers looking to escape the restraints of local economies. For living proof, see Detroit, Michigan which saw a whopping 745% increase in freelancer earnings over Q2. There was similarly huge freelancer earning growth across the rest of the country too. And ditto for areas of Europe with economic challenges, where freelancers in Greece saw 167% earnings growth, Portugal 101% and Spain 48%.
By job category, Elance saw the largest percentage of Q3 growth in the following areas: marketing, security, niche writing and gaming. For a taste of specific job growth, here’s food for thought: +157% for social media marketing, +448% security engineering, +474% speech writing and +76% game programming.
Feel free to pore over the complete report and see why we’re confident that by 2020 1 in 3 workers will be hired online …. unless growth continues at this record pace, in which case who knows?