LinkedIn Workforce Report | United States | August 2022

Over 191 million workers in the U.S. have LinkedIn profiles and members can add over 39,000 skills to their profiles to showcase their professional brands. That gives us unique and valuable insight into U.S. workforce trends.

This LinkedIn Workforce Report is a monthly report on employment trends in the U.S. workforce. It’s divided into two sections: a National section that provides insights into hiring and migration trends across the country, and a City section that provides insights into localized employment trends in 20 of the largest U.S. metro areas: 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.

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.

Key Insights

  • Hiring continues to drop: Nationally, across all industries, hiring in the U.S. was 1.5% lower in July compared to June. Additionally, hiring was 8.3% lower in July 2022 compared to July 2021. Hiring now sits at 7.2% below its pre-COVID level and 2.3% below its average level in the two years prior to the pandemic (February 2018 to February 2020). National hiring is now the lowest it has been since the first quarter of 2021.

  • Hiring gains sparse across industries: The industries with the most notable hiring shifts month-to-month in July were Utilities (5.6% higher); Administrative and Support Services (3.3% higher); and Retail (0.8% higher). The only industries with hiring exceeding pre-COVID levels in July were Administrative and Support Services (2.6% higher) and Technology, Information and Media (3.7% higher). This is a substantial drop from the 12 industries that experienced hiring gains from May, and the 14 industries in April.

  • Sunbelt holds up amidst slower hiring: Only 4 of the 20 metros we track had hiring above pre-COVID levels in July. The metro areas experiencing the strongest hiring rates relative to pre-COVID levels were Miami-Ft. Lauderdale (5.0% higher), Phoenix (3.6% higher), Houston (1.5% higher), and Dallas-Fort Worth (1.4% higher) – all of which had hiring decline from June. The metros with the most notable hiring shifts month-to-month in July were New York City (1.5% higher); Denver (1.5% higher); and Atlanta (1.2% higher) – all of which had hiring below pre-COVID levels in July.

Hiring

The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 1.5% lower in July 2022 compared to last month June 2022. National hiring was 8.3% lower in July 2022 compared to last year July 2021.

The industries with the most notable hiring shifts month-to-month in July 2022 were Utilities (5.6% higher); Administrative and Support Services (3.3% higher); and Retail (0.8% higher).

Table 1: Hiring on LinkedIn, by Industry, through July 2022

 

Industry

Jul-21

···

Apr-22

May-22

Jun-22

Jul-22

MoM% Change

YoY% Change

Transportation, Logistics and Storage

1.36

···

1.44

1.42

NA

NA

NA

NA

Transportation, Logistics, Supply Chain and Storage

NA

···

NA

NA

1.35

1.26

-6.3

NA

Utilities

1.04

···

1.16

1.13

1.06

1.12

+5.6

+7.2

Holding Companies

1.01

···

1.33

1.21

1.17

1.07

-8

+6.5

Education

1.12

···

1.36

1.25

1.22

1.15

-6.2

+2.9

Administrative and Support Services

1.16

···

1.25

1.23

1.15

1.18

+3.3

+2

Consumer Services

1.09

···

1.23

1.18

1.11

1.07

-3

-1.8

Construction

1.17

···

1.30

1.33

1.26

1.15

-9.1

-1.8

Financial Services

1.21

···

1.43

1.33

1.25

1.17

-6.8

-3.7

Government Administration

1.03

···

1.17

1.16

1.09

0.99

-8.5

-3.7

Oil, Gas, and Mining

1.04

···

1.16

1.13

1.08

0.99

-8.2

-5.2

Hospitals and Health Care

1.21

···

1.26

1.29

1.21

1.15

-5.1

-5.3

Technology, Information and Media

1.35

···

1.49

1.47

1.32

1.27

-3.3

-5.6

Retail

1.03

···

1.12

1.08

0.93

0.94

+0.8

-9.3

Wholesale

1.17

···

1.15

1.14

1.10

1.05

-4.6

-10.5

Entertainment Providers

1.12

···

1.20

1.15

1.02

0.99

-2.8

-11.3

Professional Services

1.23

···

1.31

1.26

1.16

1.09

-5.9

-11.3

Manufacturing

1.17

···

1.27

1.19

1.12

1.03

-7.7

-11.7

Real Estate and Equipment Rental Services

1.28

···

1.36

1.33

1.22

1.12

-7.8

-12.1

Accommodation

1.17

···

1.14

1.17

1.09

0.97

-11.2

-16.7

Farming, Ranching, Forestry

1.37

···

1.31

1.21

1.21

1.10

-8.8

-19.5

Methodology: “Hiring Rate” is the count of hires (LinkedIn members in each industry who added a new employer to their profile in the same month the new job began), divided by the total number of LinkedIn members in the U.S. By only analyzing the timeliest data, we can make accurate month-to-month comparisons and account for any potential lags in members updating their profiles. This number is indexed to the average month in 2016 for each industry; for example, an index of 1.05 indicates a hiring rate that is 5% higher than the average month in 2016.

Migration

The U.S. cities losing the most people are College Station-Bryan, TX; State College-DuBois, PA; and Lafayette, IN. For every 10,000 LinkedIn members in College Station-Bryan, TX, 256 left in the past 12 months.

The U.S. cities gaining the most people are Austin, TX; Nashville, TN; and Tampa Bay, FL. For every 10,000 LinkedIn members in Austin, TX, 151 arrived in the last 12 months.

Check out our reports for 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., to see which jobs are open.

Related Topics