US Employment Report from Elance: 55,000 New Freelance Jobs Created in October; Freelancer Earnings up Over 60%
MOUNTAIN VIEW, Calif. – November 8, 2013 – Elance, the leading online work marketplace, today released its October U.S. Employment Report which shows 55,000 new freelance jobs were created and more than 24,000 new people joined the marketplace looking for work. The monthly report aims to supplement the Bureau of Labor Statistics (BLS) October jobs report, which does not fully capture independent workers due to outdated reporting standards. An estimated one-third of the U.S. workforce is considered to be independent.
Freelancer earnings on Elance were up 63 percent over the same period last year fueled by companies, including large enterprises, which are benefiting from a flexible workforce. Hiring growth continues to be strong year-over-year, with the number of freelancers hired up 48 percent and the number of companies hiring and paying freelancers up 33 percent. The employment report is derived from Elance’s October hiring and payment data for the U.S. and measures the number of new jobs created, the number of people looking for work and state-level data on hiring and wage growth.
Elance October 2013 U.S. Employment Report Highlights
The October U.S. Employment Report details important growth statistics for the independent workforce:
- Freelancer earnings are on the rise: Freelancer earnings in the U.S. increased 63 percent compared to last October.
- Companies are closing the technical talent gap with freelancers: IT & programming continue to be the highest-growth category for freelancers and accounts for more than half of all work completed in October.
- Bi-coastal job creation remains strong: California, Florida and New York remain the leaders for freelance job creation with 11,000, 5,000, and 4,500 respective new jobs created last month, representing 37% of new jobs created.
- States with high unemployment show spike in job seekers: The number of freelancers looking for work saw significant increases in states with unemployment rates above the national average including Illinois and North Carolina.
“The California and New York freelance economies continue to outpace growth in other states," says Elizabeth Tse, vice president of operations at Elance. "With 40% of all U.S. Workers expected to be freelancers by 2020, the economic impact of this growth will be important to monitor.”
Elance is where people Work Differently™. A pioneer in today’s freelance revolution, Elance is the world’s leading marketplace for online work.
Today over 800,000 businesses and nearly 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 1.2 million freelance jobs are posted through Elance annually.
Headquartered in Mountain View, California with offices in Oslo, Norway, Elance is a privately held company. For more information, visit Elance.com.
Director, Marketing Communications
Phone: +1 650 316 7433
Email: lschulte (at) elance dot com