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The 2014 job market, new job trends and how to earn money
The job market is improving from years past, according to CNN Money, but it still hasn't fully recovered from the national recession that rocked the economy in the late 2000s. That means the nation has a bit further to go to reach full employment potential. Moreover, it means that many citizens are still struggling to find jobs and earn a stable source of income.
However, there are a few interesting job trends that have gained traction within recent years that the modern working individual may face. Everything from a flurry of retiring baby boomers to fewer jobs for individuals straight out of college has created a turbulent job market for people to navigate. Here are just a few of the trends you may have to watch out for.
A freelance revolution
Gone are the days when the vast majority of workers focused on a full-time position with a single entity. Now, freelance positions make up a huge percentage of the job market, and the amount is increasing, according to CNN Money. Freelancers include moonlighters, independent contractors or anyone with a temporary position with an employer. The news source pointed to a recent survey commissioned by the Freelancers Union and Elance-oDesk, which noted that 53 million individuals work as freelancers. That accounts for roughly 34 percent of the U.S. workforce.
The news source noted that many younger individuals - typically people under the age of 35 - tend to work freelance more often. However, that age range may expand as the amount of people freelancing is expected to increase in years to come. An Intuit study estimated that the number of freelancers would exceed 40 percent of the U.S. workforce by 2020.
Young and underemployed
Freelance or not, having a job in general is the goal for many people, yet younger individuals are finding less luck than others. A Social Science Research Council report noted that roughly 5 million people between the ages of 16 and 24 are not employed or in school. That correlates to 1 in 7 people within that age range. Luckily, this trend is shifting. CNN noted Bureau of Labor Statistics data, which showed the unemployment rate for 16- to 24-year-olds had fallen to the lowest amount since July 2008.
How to make money
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At a time when many people - young and old - are looking for a way to pay bills, build savings and earn a little extra cash, there are a plethora of solutions. The digital age has made it easier for people to earn money online quickly and effectively. many of the options even allow people to work other jobs as well. One of the quickest, easiest options is taking paid online surveys. With a low time commitment and few skills necessary, online surveys allow users to earn money just by giving their opinions to sources willing to pay for consumer information. Whether you work freelance or you're committed to a conventional 9 to 5 job, paid online surveys can be a reliable way to earn extra money online.