LinkedIn Reveals Its August 2018 Workforce Report

Digital Marketing News

LinkedIn Reveals Its August 2018 Workforce Report

Mouhammed Abood

One day ago, LinkedIn revealed their August Workforce Report of national hiring in the United States. LinkedIn Workforce Report focuses on the latest national data on hiring, skills, and migration trends through July 2018 in 20 of the largest U.S. metro areas, which are Atlanta, Austin, Boston, Chicago, Cleveland-Akron, Dallas-Ft. Worth, Denver, Detroit, Houston, Los Angeles, Miami-Ft. Lauderdale, Minneapolis-St. Paul, Nashville, New York City, Philadelphia, Phoenix, San Francisco Bay Area, Seattle, St. Louis, and Washington, D.C.

As said by LinkedIn:

With over 150 million LinkedIn members in the United States, we have unique insight into the real-time dynamics of Americans starting new jobs, learning new skills, and moving to new cities.

The report showcases these insights:

Hiring

  • Gross hiring in the U.S., across all industries, was 4.6% higher than in July 2017.

Hiring on LinkedIn in US

  • Also, the Seasonally-adjusted national hiring was up 0.5% in July from June 2018.

  • The industries with the biggest year-over-year hiring increases in June were agriculture (26% higher); manufacturing (12.3% higher), and transportation & logistics (12% higher).
  • These sectors are running strong today, but they are also among the most vulnerable to a trade war escalation.

 

Skills Gaps

  • There is a great shortage of data scientists in the 20 of the largest states. Unlike in 2015, when there was a national surplus of people with data science skills.
  • There weren’t many local shortages in a few tech or finance-heavy cities like San Francisco, New York City and Boston.
  • There is a shortage of 151,717 people with data science skills, especially in:
  1. New York City (34,032 people)
  2. The San Francisco Bay Area (31,798 people)
  3. Los Angeles (12,251 people)

As explained by LinkedIn:

“As more industries rely on big data to make decisions, data science has become increasingly important across all industries, not just tech and finance.”

The intensification of local shortages for data science skills, July 2015 to July 2018

In the same context, LinkedIn pointed out that the shortage of people with data science skills is smaller, but growing faster, than the national shortage of software development skills (which includes programming languages, like C++ and Java), as there’s a shortage of 212,838 people with software development skills today.

LinkedIn also points out that there are still cities in the U.S. today with surpluses of data science skills, which are:

  1.  Cleveland-Akron (1,206 people).
  2. Minneapolis (832 people)
  3. Cincinnati (770 people)
  4. Greensboro-Winston Salem (601 people)
  5. Kansas City (521 people)
  6. Milwaukee (430 people)
  7. Memphis (331 people)
  8. Dayton (323 people)
  9. Birmingham (308 people)
  10. Louisville (247 people)

” There is a big opportunity for people who are interested in data science to learn new skills and successfully find a job in this in-demand field.”

On the other hand, New York City, the San Francisco Bay Area, and Los Angeles also see the greatest shortages across all skills.

 

When it comes to cities with the greatest surpluses across all skills, LinkedIn reported that New York City, Chicago, and Philadelphia come on the top.

Migration

  •  Austin came as #1 on LinkedIn’s ranking of U.S. cities attracting the most workers, as in July, hiring in Austin, TX, was up 14.3% from last year.
  • For every 10,000 LinkedIn members in Austin today, 105 arrived in the past 12 months.
  1. 10.5% are from Houston
  2. 7.6% are from San Francisco
  3. 4.8% are from New York

As commented by LinkedIn:

” Austin’s thriving tech scene is a big magnet, as indicated by large skills shortages in development tools and data storage technologies. But the city also has severe shortages in non-domain-specific skills like oral communication and digital literacy.”

Regarding migration, LinkedIn August’s workforce report points out the U.S. cities gaining the most people, The cities losing the most people, and the cities with the most total migration numbers.

Austin, Denver, and Nashville come on top of the list of the U.S. cities gaining the most people.

While Wichita, Bryan-College Station, and Urbana-Champaign come on top of the cities losing the most people list.

Cities with the largest skills shortages

Austin, Denver, and San Diego 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, 681.3 arrived in or left the city in the last 12 months.”

LinkedIn also publishes these monthly reports for AtlantaAustinBostonChicagoCleveland-AkronDallas-Ft. WorthDenverDetroitHoustonLos Angeles, Miami-Ft. LauderdaleMinneapolis-St. PaulNashvilleNew York CityPhiladelphiaPhoenixSan Francisco Bay AreaSeattleSt. Louis, and Washington, D.C., in order to enable its users across the United States to identify which skills are in shortage in those cities, and which jobs are available.

“Our vision is to create economic opportunity for every member of the global workforce. Whether you’re a worker, an employer, a new grad, or a policymaker, we hope you’ll use these insights to better understand and navigate the dynamics of today’s economy.”

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