Share of gig workers hit a new high in March

The share of gig workers in the U.S. reached its highest level on record in March according to a new analysis from the Bank of America Institute.

The report found that the share of customers at Bank of America, the nation's second-largest bank, who received income from gig platforms through direct deposits or debit cards, increased to more than 3.8% in March 2024, above the previous peak that was reached in early 2022.

It found that ride-sharing drove most of the growth in gig work...