Informal employment refers to work that is not regulated by formal labor laws or agreements. This type of employment often includes jobs that are not officially recorded, such as street vendors, domestic workers, and freelance gigs. Workers in this sector typically lack benefits like health insurance, retirement plans, and job security. Many people engage in informal employment due to a lack of opportunities in the formal job market. This can be especially common in developing countries, where economic conditions may limit access to stable jobs. Informal employment can provide essential income, but it often comes with risks and uncertainties for workers.