Hi All - According to the latest "Freelancing in America" report published by Upwork and the Freelancer's Union, a whopping 57 million US workers freelanced in 2019! We are more optimistic than ever about the future of Freelancing!

Five notable findings of this report are below:

1. Freelancing income exceeds GDP of some major industries - At nearly $1 trillion (approaching 5% of U.S. GDP), freelance income contributes more to the economy than industries such as construction and transportation and is on par with the information sector. Freelancers doing skilled services earn a median rate of $28 an hour, earning more per hour than 70 percent of workers in the overall U.S. economy.

2. Freelancing is becoming more of a long-term career choice - For the first time, as many freelancers said they view this way of working as a long-term career choice as they do a temporary way to make money. In addition, the share of those who freelance full time increased from 17% in 2014 to 28% this year.

3. Freelancers are most likely to be skilled professionals - Skilled services are the most common type of freelance work, with 45% of freelancers providing skills such as programming, marketing, IT and business consulting.

4. Freelancing enables opportunities for those who otherwise might not be able to work - 46% of freelancers agree freelancing gives them the flexibility they need because they’re unable to work for a traditional employer due to personal circumstances.

5. The younger the worker, the more likely they are to freelance - Every generation had more than 1 in 4 workers who freelanced in the past year. The ascent of freelancing is clear in generational results: 29% of Baby Boomer workers (ages 55+) freelanced, 31% of Gen X workers freelanced (ages 39-54), 40% of Millennial workers (ages 23-38) freelanced and 53% of Gen Z workers (ages 18-22) freelanced—the highest independent workforce participation of any age bracket since FIA’s 2014 launch.

This is testament to the fact that the Freelance space has HUGE growth potential and in the future, many more people will find freelance work online. SkillSoniq is poised to leverage this freelance revolution and grow rapidly in "freelance heavy" cities in the US and around the world.