More Americans working from home, seeing higher pay

Closeup of guy working on a laptop indoor

(MoneyWatch) More people than ever are now working at home and that may be good news for the economy. More than 13.4 million people, or 9.5 percent of the workforce, now work at home according to a new Census Bureau report. Not only does this cut the commute time but it helps workers' wallets as well: They earn significantly more than those who have to stay in the office.

The number of people working at home either full- or part-time has skyrocketed in the last 15 years, increasing by 11 million since 1997. The biggest jump happened from 2005 to 2010, the most recent period for which there is data, when the share of all workers who were home-based went from 7.8 percent to 9.5 percent of the workforce.

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