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With the rise of the internet, freelancing has become more popular than ever. This growth in popularity is due to the fact that technology has made it easier than ever for clients to connect with freelancers from all over the world.
As a result, more people are able to do what they love on their own time without set hours. For example, a writer can now work with a client who is in a different time zone and still get the job done within the client’s deadline.
In addition, freelancing gives people the opportunity to choose the work they want to do, which is a major benefit for many people who feel unsatisfied with their traditional 9-5 job.
Consequently, it is evident that freelancing is here to stay and will only continue to grow in popularity.
Interesting Freelance Statistics
- There are 57 million freelancers in the US.
- 59 percent of responses in the United States were male freelancers.
- 86 percent of freelancers often work from home.
- Content writing is one of the most common freelancer careers.
- 84 percent of freelancers say work enables them to live the lifestyle they want.
- 64 percent of freelancers claimed their health has improved.
- 46 percent of freelancers chose their employment due of their flexibility.
- 41 percent of freelancers find business from their prior clients.
- The US had the largest demand for freelancers in 2020.
- The freelance industry accounts for roughly 5 percent of the overall US GDP.
A number of freelancers and monthly visits to major freelancing websites.
Some of the most popular freelancing websites are frequented by freelancers looking for new work. Indeed, the most popular site for freelancers attracts 150 million visitors each month.
There are roughly 2 million freelancers on FlexJobs and around 16 million on Freelancer, both of which have a large number of people looking for work each month.
More than 57 million people in the United States are currently working as freelancers.
The number of people who work as freelancers is steadily increasing. The number of freelancers in the United States jumped from 52 million in 2014 to 57 million in 2019.
In just five years, the number of people working as independent contractors has increased by almost 5 million, a rate of growth of 8.8 percent.
In the United States, 38 percent of independent workers describe themselves as freelancers.
A rise in the number of people working as freelancers, however, only counts those people who are considered to be freelancers by the general public. A staggering 38% of self-described independent workers believe that they are freelancing.
Freelancers make up about 53% of Generation Z’s workforce.
Workers that are younger are more inclined to work on their own terms. However, more than one in four workers in every generation have worked as a freelancer in the past year.
More than half of Generation X workers (aged 39-54), 40% of Generation Millennials, and 53% of Generation Z workers (aged 18-22) all work from home at least part of the time, according to a recent generational survey.
Since FIA’s inception in 2014, FIA’s Gen Z survey results have shown the highest independent workforce participation of any age group.
Male freelancers accounted for 59% of the respondents in the United States.
According to this report, the majority of the freelance labor and the total number of American workers are comprised of males.
In the United States, 59 percent of freelancers are men, making it even more male-dominated than traditional employment, which has 53 percent men.
40 percent of the 6,001 U.S. freelancers surveyed had a college degree or more, according to the report.
Over 40% of the 6,001 freelancers polled in the United States have a college degree or above, making freelancers an educated workforce.
More than eight out of ten freelancers prefer to work from their homes.
Freelancers don’t typically work from a corporate office, as 86% of all freelancers in the US work from home.
More than half of the women we polled lived below the federal poverty line (34 percent of men were in this income range).
More than half of all female freelancers fall into the lowest earning bracket, according to a new survey. Only 34% of men are in the bottom rung of the income ladder. As a result, men are nearly four times more likely than women to achieve an annual salary of $150,000.
Freelancing is a broad term that encompasses a wide range of labor options.
More than just a means of working, freelancing is a viable option for many people and circumstances, according to the sixth annual “Freelancing in America” report.
Freelancers that specialize in programming, marketing, and IT make up around 45 percent of the total number of freelancers.
Ride-sharing, dog-walking, and other low-skilled services make up around 30 percent of the market share while selling products and e-commerce makeup about 26 percent.
There are many other activities that don’t fit into these categories and account for another 29% of the market’s total sales volume.
The majority of independent contractors (61 percent) focus on two or three distinct skill sets.
As many as 61% of all freelancers specialize in at least two to three different abilities and skills, making them more than just one-trick ponies.
It is estimated that the GDP of the freelancing business is one trillion dollars. According to this data, the freelance industry accounts for over 5% of the total GDP in the United States and generates more money than other industries, including construction or transportation.
This means that experienced freelancers earn more per hour than 70 percent of the American workforce, which is the average skilled services rate.
Over a third of Fortune 500 organizations utilize freelancer marketplaces like Upwork to find and hire new employees.
According to the findings of this study, around 30% of Fortune 500 organizations use sites like Upwork to find freelancers. Stephane Kasriel, CEO of Upwork, says that large corporations are increasingly turning to freelancers.
In order to find employment as a freelancer, 41% of people turn to their prior clients for information.
More than four-fifths (41%) of freelancers get new jobs because of referrals from previous employers. About 38 percent of people find work through family and friends, and 37 percent use social media to look for work.
To get as much work as possible, many freelancers employ a combination of these strategies.
More than two-thirds of the freelancers questioned have gone their own way in the previous three years.
How long have self-employed freelancers been around?
Over five million new freelancers have joined the business in the last five years, indicating significant growth in the field. It was found that two-thirds of the respondents had become freelancers in the last three years.
77% of respondents admitted that they haven’t been any more financially secure since being self-employed.
Workplace financial security is a top priority for many people. A whopping 77% of those polled believe that since becoming self-employed, their financial situation has either gotten worse or stayed roughly the same.
80 percent believe their profession allows them to live the lifestyle they desire.
Is it possible for freelancers to design their own lifestyles?
Eighty-four percent of all full-time freelancers say that their employment has allowed them to live life on their own terms and conduct themselves in accordance with any lifestyle they like. Full-time employees make up around 21% of the workforce.
Freelancers reported that 42% of the time they would be unable to work a typical job because of personal reasons.
It is estimated that 42 percent of freelancers are unable to work in an office because of their lifestyle. Since freelance work is so much more flexible than traditional employment, this is the primary reason for it.
On Upwork, freelance article writers can earn anything from $15 to $80 an hour.
When it comes to earning money as a freelancer,
On Fiverr, front-end engineers can earn between $15 and $150 an hour.
On freelance marketplaces such as Upwork, content writers can earn anywhere from $15 to $80 per hour for their services. Full-stack engineers can earn anywhere from $30 to $150+, while front-end developers can earn $15 to $50+ per hour.
Skills training is critical for freelancers, according to 93% of those with a college degree.
Many freelancers, roughly 93% of them, believe that the ability to learn new abilities is one of the most essential qualities of a successful freelancer.
The percentage of full-time freelancers who have participated in skills training in the past six months is around 21% higher than the percentage of full-time regular workers who have done the same.
More than six out of ten full-time freelancers say their health has improved since they began working from home.
Are self-employed individuals more healthy?
When you’re stressed out at work, it’s not good for you. Many freelancers report that their health has improved as a result of working from home, which makes freelancing an excellent alternative to regular employment.
Moreover, two-thirds of full-time workers have a health insurance policy, but just approximately a quarter of freelancers do.
Only 6% of those polled stated they freelance only until a full-time position becomes available.
Nearly all (94 percent) of those polled said they intend to continue working as freelancers for the foreseeable future. Only 4% of people think of it as a temporary part-time job while they wait for something permanent to come along.
In a survey of freelancers, 60 percent said they’d be open to living on the road.
Approximately 60 percent of freelancing professionals say they’d be open to pursuing a nomadic lifestyle that involves frequent relocation.
7 out of 10 freelancing professionals want to relocate outside of a major metropolis.
70% of freelancers say they’d be willing to relocate outside of a major city because their work allows them to do it from any place as long as they have access to the internet.
When it comes to working as a full-time freelancer, scheduling flexibility is the most important factor (46 percent ).
The freedom that comes with working as a full-time freelancer is attractive to many people. At least 46% of all freelancers say they prefer the freedom and flexibility that comes with self-employment.
The number of people looking for freelance work increased by more than 25% between April and June of 2020.
The Freelancers Fast 50 analysis found that job vacancies increased by more than a quarter between April and June. North America, Europe, and Asia are all included in this study’s scope.
In the second quarter of 2020, the number of freelance job posts increased by 41% to 605,000.
In the second quarter of 2020, the number of job listings for freelancers increased by 41 percent to a record 605,000 from the same period in 2019.
In part, this is owing to the coronavirus pandemic that is causing havoc on the worldwide labor market. Alternatively, it could be a result of a growing desire for people to go it alone.
Nearly 32% of the freelancers polled reported that business had dwindled significantly.
Because to COVID–19, has the need for independent contractors declined?
In the wake of the coronavirus epidemic, about a third of all freelancers indicate that demand for their services has declined significantly. This means that a significant number of people are now without consistent financial income and work.
It is possible that 400 million full-time jobs may be eliminated in the second quarter of 2020.
The business sector has been impacted by the coronavirus, as seen by the 400 million full-time jobs lost in the second quarter of 2020, a sobering fact.
In the second quarter of 2020, the number of positions related to mathematical modeling increased by 99.6 percent to 16,501.
Mathematical modeling was in high demand during the coronavirus outbreak in the second quarter of 2020, so it’s not all bad news. Approximately 16,501 employment has been created as a result of a 99.6 percent rise in the use of mathematical modeling.
During the second quarter of 2020, eCommerce professionals will see a 54.4 percent increase in the number of job listings.
eCommerce is a common sort of work for freelancers in this industry. Job postings for eCommerce workers showed a 54.4 percent rise in demand over the past year.
It’s been business as usual for 23% of freelancers thus far.
23 percent of people say their business, revenue, and demand have remained roughly the same, while 17 percent of freelancers say the epidemic has increased demand for their services. This is a little better statistic.
74% of those polled said their rates had remained the same since their last visit.
Approximately 74% of respondents to Payoneer’s poll say they have not changed their rates at all because of the epidemic, 23% have had to decrease their prices in order to compete, and 3% of freelancers have raised their rates as a result of it.
In 2020, the United States will account for the majority of online labor demand.
In 2020, where will the majority of demand originate from?
During the global COVID-19 pandemic, the United States is the major source of online labor demand.
The United States is a key source of demand for online labor platforms.
Seasonal patterns have emerged for online labor demand in the United States, with demand decreasing at the end of the year and rising again to a plateau in March, which typically lasts until June.
But in 2020, everything will be different. Since COVID-19 was proclaimed a global pandemic in mid-March, online labor demand in the United States has fallen sharply compared to 2018 and 2019.
The average weekly wage before and after COVID-19 was 35.
The epidemic has had an impact on freelancers’ incomes. A rise in new freelancers and a drop in demand for particular services have caused a little decline in average salaries during the pandemic.
Among those who do not now work as independent contractors, a whopping 36.59 percent believe that they will do so at some point in the future.
Will a freelancer continue to be one?
It’s unlikely that freelancers will ever stop loving what they do. UpWork, the world’s most popular freelance platform, conducted a study and found that 59 percent of non-freelancers want to work as a freelancer at some point in the future, which may explain why we’re seeing so many new people entering the freelance sector.
51 percent of freelancers said they would not take a typical job for any amount of money.
Another Upwork poll found that a slightly more than marginal majority of freelancers believe that no amount of money could persuade them to give up freelancing in favor of a more traditional career path
Technology has made it easier to find employment as a freelancer, according to 73 percent of those polled.
Since the first freelancing began, technology has given freelancers a leg up on the competition. Freelancers’ labor will get easier as technology advances. About 73% of all freelancers believe that technological improvements have made obtaining work much easier than in the past.
Professionals at the top in their field are increasingly opting to work on their own, according to a majority of respondents.
Even in the professional arena, a strong sense of self-reliance is essential. People believe that professionals at the pinnacle of their field are increasingly turning to freelance as a means of working independently.
Despite an increase in the number of people doing freelance work, the need for their services remains consistent.
Despite an increasing supply of independent contractors, demand for their services remains consistent.
One of the world’s most promising sectors, freelancing is poised for global dominance. In light of the recent global epidemic, the industry’s expansion into the mainstream is merely quickened.
Freelancing’s future will be shaped mostly by the inclusion of a greater variety of sectors. Grammar and proofreading, web design, marketing, and coding are among the most popular freelancing employment.
Many new sectors and freelancers will enter the market as the technology required to perform most professions steadily migrates to the digital world.