LinkedIn publishes new monthly report on workforce trends
In an effort to help our members navigate their careers, we’ve introduced the new monthly LinkedIn Workforce Report, which looks at nationwide workforce trends, and city workforce trends in 20 of the largest U.S. cities including Atlanta, Chicago, Dallas, Houston, Los Angeles, New York City, Philadelphia, San Francisco, Seattle, and Washington, D.C.
The report is written specifically for workers so they can make more informed career decisions.
The data – based on information members add to their LinkedIn profiles, and the hiring done on LinkedIn – provide valuable insights on:
Hiring rates nationally, and by industry and city. Hiring across the U.S. was 11.4 percent higher in January 2017 than January 2016. Seasonally-adjusted hiring (hiring that excludes seasonal hiring variations - like companies hiring less in December due to the holiday season) was 11.8 percent higher in January than December. Hiring was higher in almost all industries in January 2017 than January 2016 as well, with oil and energy experiencing the highest spike in hiring year-over-year – up 23.3 percent.
Skills gaps, or mismatches between the skills employers need (demand) and the skills workers have (supply). According to the February report, San Francisco and Washington, D.C.’s skills gaps are largely due to a scarcity of workers with service-industry skills - like nursing, education and teaching, and retail store operations. Houston’s skills gap, on the other hand, is due to an abundance of workers with oil and energy skills - like drill and well management, subsea engineering and offshore operations, and geology.
Where workers are moving to and from. According to the February report, Seattle, Portland, Austin, Denver, and Charlotte gained the most workers in the last 12 months. People appear to be moving to cities that have a lower cost of living than San Francisco and New York, and easy access to the great outdoors.
Click here to read our entire report.