Gig Workers Doing their Part for US Economy: Steady Data Reveals COVID-19 Gig Economy Trends

Gig Workers Doing their Part for US Economy: Steady Data Reveals COVID-19 Gig Economy Trends

The latest jobless claims report out today, suggests that 50 million jobs are vulnerable due to coronavirus-related layoffs, with 6.6M Americans filing first-time unemployment claims last week. As unemployment rates hit record highs, and workforce demand continues to shift, gig workers are at significant risk. Our portfolio company Steady, a platform that helps connect gig workers with stable jobs in the US, released critical data that could help inform new job opportunities. Steady data shows that while income is down for members who drive for ride sharing platforms or work in the hospitality industry, there has been a 47 percent uptick in income in the delivery-grocery category.

With this data for guidance, Steady is launching a new category in its “Work” section identifying gig, shift, work from home, and hourly jobs that are in high demand.

Read more on Steady’s efforts here.