This week, LinkedIn released its latest monthly workforce report of November 2018, which is gathering a set of important and unique data analysis, insights, and numbers about workforce trends, companies, job seekers, and job skills across the United States, as over 150 million workers in the U.S. have LinkedIn profiles; over 20,000 companies in the U.S. use LinkedIn to recruit; over 3 million jobs are posted on LinkedIn in the U.S. every month; and members can add over 50,000 skills to their profiles to showcase their professional brands, as confirmed by LinkedIn.
What is LinkedIn Workforce report of November 2018 showing?!
Hiring: “US hiring levels off”
First off, on the matter of hiring in the U.S, it should be kept in mind that the LinkedIn hiring rate is a measure of gross hires divided by the LinkedIn membership. Accordingly, the LinkedIn November’s Workforce found that:
- Across all industries, gross hiring in the US was 3.8% higher than in October 2017.
- Seasonally-adjusted national hiring was steady, down just 0.3% in October from September 2017.
- The industries with the biggest year-over-year hiring increases in October were public safety (10.3% higher); corporate services (10.2% higher); and software & IT services (9.7% higher).
As for the Skills Gaps’ side in the U.S, the LinkedIn Workforce report of November 2018 showed that:
- San Francisco has the nation’s largest skills gap.
- The U.S. cities with the largest skills gaps overall are New York City, NY; San Francisco Bay Area, CA; and Los Angeles, CA.
- The US labor market is tightening, which translates to growing national skills shortages and shrinking national skills surpluses.
- San Francisco, New York, and Los Angeles continue to top the list of cities with largest gross shortages.
- But, New York, Chicago, and Philadelphia top the list of cities with largest gross surpluses.
As the last part in the LinkedIn Workforce report of November 2018, the report also mentions the migration across the U.S for working. It found that:
- Austin, Denver, and Nashville continue to attract workers.
- The U.S. cities losing the most people are Wichita, KS; State College, PA; and Bryan-College Station, TX. For every 10,000 LinkedIn members in Wichita, KS, 292 left in the past 12 months.
- The U.S. cities gaining the most people are Austin, TX; Denver, CO; and Nashville, TN. For every 10,000 LinkedIn members in Austin, TX, 121 arrived in the last 12 months.
- Austin, TX; Denver, CO; and San Diego, CA are the U.S. cities experiencing the most total migration (workers moving into and out of a city). This list captures the most transient cities. For every 10,000 LinkedIn members in Austin, TX, 716 arrived in or left the city in the last 12 months.
You can also discover the findings of the LinkedIn Workforce report of August 2018 and October’s Workforce report.