LinkedIn Workforce Report | United States | December 2020
Over 174 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 36,000 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, skills gaps, 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 in the U.S. during November inched up 0.8% from October 2020. While these are more modest gains compared to earlier in the fall, hiring is inching closer to recovery and moving at a much faster pace than projected: nationally, hiring is only 4.2% lower than in November 2019.
Across industries, our data shows positive month-over-month momentum building in: Corporate Services (+9%); Energy & Mining (+8.6%); and Hardware & Networking (+6.9%) -- but Energy & Mining remains among the industries furthest from year-over-year recovery (-23.5%). Industries that have moved into recovery with year-over-year gains include: Transportation & Logistics (+9.9%), Health Care (+7.6%), Corporate Services (+6.4% y/y), Wellness and Fitness (+4.7%), Retail (+1.7%) and Real Estate (+1.3%).
As we look at cities that are faring the best nationally, we see strong correlation to members who are moving to them. Hiring has risen just above or at the same levels we saw last year in Denver (+1%) and Austin (0%), with Phoenix (-0.5%) not far behind. These cities are also among those experiencing the highest net migration during the month of November.
Meanwhile, traditional knowledge hubs like San Francisco (-13%), Washington, DC (-11%), New York (-9.4%) and Los Angeles (-7.7%) are among the areas struggling the most to recover from COVID -- and we’re seeing that that those cities are also seeing the steepest declines in net arrivals compared to before the pandemic.
Hiring
The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 4.2% lower than in November 2019. National hiring was 0.8% higher in November from October 2020.
The industries with the most notable hiring shifts month-to-month in November were Corporate Services (9% higher m/m); Energy & Mining (8.6% higher m/m); and Hardware & Networking (6.9% higher m/m).
Table 1: Hiring on LinkedIn, by Industry, through November 2020
Industry | Nov-19 | ··· | Aug-20 | Sep-20 | Oct-20 | Nov-20 | MoM% Change | YoY% Change |
Agriculture | 1.17 | ··· | 1.09 | 1.07 | 1.08 | 1.13 | +5 | -3.2 |
Arts | 0.79 | ··· | 0.51 | 0.49 | 0.63 | 0.61 | -1.9 | -22 |
Construction | 1.12 | ··· | 1.02 | 1.01 | 1.03 | 1.04 | +1.6 | -7.2 |
Consumer Goods | 1.01 | ··· | 0.85 | 0.86 | 0.88 | 0.89 | +1.6 | -11.8 |
Corporate Services | 1.03 | ··· | 0.96 | 0.93 | 1.00 | 1.09 | +9 | +6.4 |
Education | 1.07 | ··· | 0.83 | 0.83 | 0.97 | 0.99 | +3 | -6.9 |
Energy & Mining | 1.03 | ··· | 0.68 | 0.72 | 0.73 | 0.79 | +8.6 | -23.5 |
Entertainment | 0.88 | ··· | 0.73 | 0.64 | 0.80 | 0.73 | -9.4 | -16.9 |
Finance | 1.09 | ··· | 1.00 | 0.97 | 1.04 | 1.06 | +1.8 | -2.2 |
Hardware & Networking | 0.84 | ··· | 0.73 | 0.71 | 0.73 | 0.78 | +6.9 | -6.5 |
Health Care | 1.05 | ··· | 1.00 | 1.01 | 1.08 | 1.13 | +4.8 | +7.6 |
Legal | 0.95 | ··· | 0.77 | 0.67 | 0.81 | 0.81 | +0.7 | -15 |
Manufacturing | 1.09 | ··· | 0.95 | 0.96 | 0.99 | 0.99 | +0.2 | -9 |
Nonprofit | 1.00 | ··· | 0.91 | 0.90 | 0.94 | 0.96 | +2 | -4.3 |
Public Administration | 1.08 | ··· | 1.11 | 1.01 | 1.03 | 1.05 | +1.4 | -3.4 |
Public Safety | 1.00 | ··· | 0.96 | 0.93 | 0.97 | 0.98 | +1.2 | -2.4 |
Real Estate | 1.20 | ··· | 1.20 | 1.17 | 1.22 | 1.21 | -0.6 | +1.4 |
Recreation & Travel | 0.91 | ··· | 0.67 | 0.62 | 0.57 | 0.53 | -8.3 | -42.3 |
Retail | 0.96 | ··· | 0.88 | 0.89 | 0.95 | 0.98 | +3.2 | +1.7 |
Software & IT Services | 1.12 | ··· | 0.93 | 0.94 | 1.02 | 1.05 | +2.5 | -6.7 |
Transportation & Logistics | 1.11 | ··· | 1.05 | 1.08 | 1.17 | 1.22 | +4.3 | +9.9 |
Wellness & Fitness | 1.10 | ··· | 1.07 | 1.09 | 1.16 | 1.15 | -0.5 | +4.8 |
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 2015-2016 for each industry; for example, an index of 1.05 indicates a hiring rate that is 5% higher than the average month in 2015-2016.
Migration
The U.S. cities losing the most people are Bryan-College Station, TX; State College, PA; and Urbana-Champaign, IL. For every 10,000 LinkedIn members in Bryan-College Station, TX, 272 left in the past 12 months.
The U.S. cities gaining the most people are Austin, TX; Charlotte, NC; and Tampa-St. Petersburg, FL. For every 10,000 LinkedIn members in Austin, TX, 140 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.