America's labor market continues to cool, and the gig economy is quietly absorbing some of the employment strain being felt across the country.
A new Goldman Sachs ***** ysis found that platform-based gig work opportunities — which include major tech players like Uber (UBER), DoorDash (DASH), and Instacart (CART) — are holding up as traditional payroll growth cools.
About 20% of people who lost pay, lost a job, or had hours cut turned to gig platforms to make up the difference, the ***** ysis said. More signs of a shrinking labor market are expected in this week's delayed September payrolls