More Americans signing up for second job or ‘side hustles’ over inflation, report shows

ORLANDO, Fla. — More people are signing up for a second job or “side hustles” this time of the year.

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Reports show inflation may be a big factor as to why more Americans are taking second jobs.

Millions of Americans have signed up in the final months of 2023 for a second job.

Read: How the markets and the economy surprised investors and economists in 2023, by the numbers

The feds are also paying attention to this “jobs” trend.

Researchers with the Federal Reserve Bank said they found the highest number of Americans with a full-time job and a second part-time job this fall since the decline seen during the COVID-19 pandemic.

Read: Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Around 8.4 million people had more than one job in October, which is more than 5% of the workforce.

Job analysts cite multiple reasons including the rise in remote work, holiday expenses, inflation, or preparation for tough times or layoffs.

See more in the video above.

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