LinkedIn Workforce Report | United States | July 2022

Over 186 million workers in the U.S. have LinkedIn profiles; over 97,000 companies in the U.S. use LinkedIn to recruit and members can add over 38,000 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 Fell in June: Nationally, across all industries, hiring fell 5.4% in June compared to May, suggesting that tighter financial conditions and softening demand might finally be hitting the US labor market. In June, hiring was its lowest level since December 2021. We saw an 11.9% year-over-year hiring decline, and while it’s attention-grabbing, it’s probably an overly gloomy signal - June 2021 was an unusually strong month, with the best hiring we have on record.

  • Wide Range of Industries Experiencing Hiring Gains: The industries with the most notable hiring shifts month-to-month in June 2022 were Farming, Ranching and Forestry (+6% higher), Education (2.8% higher) and Holding Companies (2.7% higher). We saw an outsized weakness in the Tech industry, where hiring fell by 9.1% in June compared to May. Hiring in this sector was at its lowest level since May 2021. Twelve industries had hiring above pre-COVID levels in May, a dip from the 14 industries we saw in the April report.

  • Southern Cities Continue to See Gains: Similar to our June report, cities largely across the south have continued to prosper in experiencing hiring gains. The cities with the most notable hiring shifts month-to-month in June were Dallas-Ft. Worth (3.9% higher); St. Louis (3.5% higher); and Houston (2% higher). In fact, both Dallas and Houston experienced their highest hiring rates of the recovery in June. Overall, 12 of the 20 metro areas we track had hiring rates above their pre-COVID levels, down from 17 last month.

Hiring

The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 5.4% lower in June 2022 compared to last month May 2022. National hiring was 11.9% lower in June 2022 compared to last year June 2021.

The industries with the most notable hiring shifts month-to-month in June 2022 were Farming, Ranching, Forestry (6% higher); Education (2.8% higher); and Holding Companies (2.7% higher).

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

 

Industry

Jun-21

···

Mar-22

Apr-22

May-22

Jun-22

MoM% Change

YoY% Change

Accommodation

1.40

···

1.17

1.14

1.17

1.19

+2

-14.4

Administrative and Support Services

1.19

···

1.28

1.25

1.23

1.19

-3.6

-0.4

Construction

1.35

···

1.32

1.30

1.33

1.31

-1.9

-3.1

Consumer Services

1.21

···

1.15

1.23

1.18

1.14

-3

-6

Education

1.20

···

1.29

1.36

1.25

1.29

+2.8

+7.2

Entertainment Providers

1.11

···

1.21

1.20

1.15

1.13

-2.2

+1.5

Farming, Ranching, Forestry

1.39

···

1.39

1.31

1.21

1.28

+6

-7.8

Financial Services

1.35

···

1.38

1.43

1.33

1.30

-2.2

-3.2

Government Administration

1.17

···

1.14

1.17

1.16

1.16

-0.7

-1

Holding Companies

1.19

···

1.33

1.33

1.21

1.24

+2.7

+3.9

Hospitals and Health Care

1.37

···

1.28

1.26

1.29

1.28

-0.4

-6.1

Manufacturing

1.27

···

1.22

1.27

1.19

1.20

+0.9

-6.1

Oil, Gas, and Mining

1.10

···

1.18

1.16

1.13

1.12

-1.2

+2.2

Professional Services

1.28

···

1.38

1.31

1.26

1.21

-4.2

-5.4

Real Estate and Equipment Rental Services

1.45

···

1.35

1.36

1.33

1.25

-5.7

-13.3

Retail

1.17

···

1.12

1.12

1.08

1.00

-6.8

-13.9

Technology, Information and Media

1.40

···

1.51

1.49

1.47

1.33

-9.1

-4.6

Transportation, Logistics and Storage

1.39

···

1.51

1.44

1.42

1.35

-4.5

-2.8

Utilities

1.12

···

1.16

1.16

1.13

1.09

-3.6

-2.6

Wholesale

1.30

···

1.19

1.15

1.14

1.09

-4.4

-16.5

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 Tallahassee, FL. For every 10,000 LinkedIn members in College Station-Bryan, TX, 199 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, 131 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.

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