February U.S. Employment Report from Elance: 62,000 New Freelance Jobs Created, Earnings up 54 percent led by Technical Freelancers
MOUNTAIN VIEW, Calif. – March 6, 2014 – Elance, a leading marketplace for online work, today released its monthly U.S. Employment Report for February 2014 which shows 62,000 new freelance jobs were created and more than 28,000 Americans joined the marketplace looking for work. The Employment Report details key growth statistics for the burgeoning online freelance workforce.
Freelancer earnings on Elance were up 54 percent in February over the same period last year, with monthly earnings topping $7.2 million in the U.S. hiring growth continues to be strong year-over-year with the number of freelancers hired and paid up 36 percent. The employment report is derived from Elance’s February hiring and payment data for the United States and measures the number of new jobs created, the number of people looking for work and state-level data on hiring and wage growth online.
February U.S. freelance employment report highlights include:
- Companies are going online to hire more American technology and engineering professionals than ever before: IT and Programming continue to be the highest-growth online staffing categories, representing 51% percent of hiring in February. Engineering hiring more than doubled – companies spent 130% more on engineering talent compared to the same period last year.
- Snowed-in Northeastern businesses turned to online freelancers to keep their businesses moving forward: Businesses in the region hired more than 4,500 new freelancers, an increase of nearly 50%. Freelancer earnings in the region topped $1.6 million.
- The Rocky Mountain region boasted highest hourly wages: Topping the list with massive year-over-year growth is Nevada at $71 per hour—a 226% increase over the same period last year—followed by Idaho and Utah with $54 and $39 per hour, respectively.
“Businesses everywhere are turning to freelancers to accelerate their growth,” said Rich Pearson, chief marketing officer at Elance. “U.S. based freelancers continue to command higher wages for delivering quality work. Technical talent in particular is in high demand, and we expect earning power to increase throughout 2014.”
Elance publishes real-time global wage, skills, and employment data via the Trends section of their website.
In January Elance released its 2013 Global Online Employment Report revealing a record-breaking year for growth for the freelance economy. Over 1 million freelancers and 410,000 businesses joined the Elance community last year alone, contributing to an increase in freelancer earnings of nearly 50% year-over-year.
Elance is where people Work Differently™. A pioneer in today’s freelance revolution, Elance is a leading marketplace for online work. Today over 800,000 businesses and 3 million freelancers use Elance in 170+ countries. Innovative global enterprises, small businesses and startups tap into the Elance talent pool, building teams from software engineers, application developers and web and graphic designers to copywriters, market researchers, data scientists, social media marketers, customer service agents and other business professionals. More than 1.3 million freelance jobs are posted through Elance annually.
Director, Marketing Communications
Phone: +1 650 316 7433
Email: lschulte (at) elance dot com