Every day, the Instawork platform handles thousands of transactions involving businesses and hourly professionals, generating a huge amount of data on hourly pay as well as other aspects of the labor market. This report summarizes some of the major trends in demographics, roles, and worker constraints in regions across the United States.
Hourly pay for in-person work was steady in May. Many businesses are offering lower rates for June, though these rates may increase if businesses are unable to fill their shifts.
Pay for event-related positions rose strongly in May as consumers shifted spending from goods to services.
The shares of women and Black/African-American workers in the flexible labor pool continue to rise.
The data are also compiled into the Instawork Pay Signal Index (PSI) and indexed trends in hourly pay. Because businesses can book shifts in advance on the Instawork platform, the metrics include forward-looking data for the current month as well. Please refer to the appendix for explanations of the methods behind each metric.
To receive future economic insights from the Instawork Economic Research Division, please subscribe by visiting: https://hubs.li/Q012kZ--0