LinkedIn Workforce Report | United States | June 2023

Published on Jun 6, 2023

With over 202 million LinkedIn members in the United States, we have unique insight into the real-time dynamics of Americans starting new jobs and moving to new cities. This month’s LinkedIn Workforce Report looks at our latest national data on hiring and migration trends through May 2023.

For more insight into localized employment trends in 20 of the largest U.S. metro areas, check out this month’s 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.

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 sees an uptick but it’s too early to say we’re on the path to recovery: Nationally, across all industries, hiring increased 3.5% in May compared to April but is still down 21.8% year-over-year. After months of declines, we’ve started to see a small uptick in hiring over the last few months. However, it’s still too early to tell whether we’re on the verge of a more robust, sustainable recovery or if the declines will resume.

Tech, Info & Media industry sees slight rebound in hiring but is still down substantially: Hiring increased in 16 of 20 industries in May, an increase from 7 last month. The strongest industries month-over-month were Hospitals & Healthcare (10.2%), Manufacturing (9.3%), and Construction (9.2%). Somewhat surprisingly, the Tech, Information & Media industry rebounded by 8.0% over the last month, which may indicate this industry has approached its bottom for hiring declines. Since late Fall (November 2022) – as we were in the thick of the ongoing hiring declines – the strongest industries for hiring have been Hospitals & Healthcare (+7.2%), Government Administration (+5.6%), and Construction (+3.1%). Over the same 6-month period, the weakest industries have been Wholesale (-19.9%), Tech, Information & Media (-13.7%), and Administrative & Support Services (-12.6%).

Metros see renewed hiring gains: 19 of the 20 metro areas we track regularly experienced a hiring increase in May, up from 4 last month. The strongest metro areas were Austin (14.2%), the San Francisco Bay Area (12.1%), and Houston (10.5%). And since last Fall (November 2022), the strongest metro areas for hiring have been Miami/Ft. Lauderdale (2.3%), Boston (1.8%), and Houston (1.8%). The metro areas that have continued to struggle since last Fall have been St. Louis (-15.7%), Chicago (-8.0%), and Nashville (-7.4%).

Hiring

The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 3.5% higher in May 2023 compared to last month April 2023. National hiring was 21.8% lower in May 2023 compared to last year May 2022.

The industries with the most notable hiring shifts month-to-month in May 2023 were Hospitals and Health Care (10.2% higher); Manufacturing (9.3% higher); and Construction (9.2% higher).

Table 1: Hiring on LinkedIn, by Industry, through May 2023

Industry	May-22	···	Feb-23	Mar-23	Apr-23	May-23	MoM% Change	YoY% Change
Accommodation and Food Services	1.23	···	0.98	0.94	0.96	0.99	+3.6	-19.5
Administrative and Support Services	1.26	···	0.98	0.97	0.92	0.93	+1.5	-26.1
Construction	1.41	···	1.09	1.07	1.08	1.18	+9.2	-16.3
Consumer Services	1.20	···	1.10	1.08	1.11	1.08	-2.6	-10.1
Education	1.28	···	1.18	1.21	1.18	1.21	+2.1	-5.3
Entertainment Providers	1.07	···	0.88	0.85	0.88	0.91	+2.9	-15.5
Farming, Ranching, Forestry	1.39	···	1.09	1.22	1.15	1.10	-3.8	-20.8
Financial Services	1.33	···	1.05	1.04	0.99	1.03	+3.9	-22.7
Government Administration	1.21	···	1.08	1.08	1.11	1.14	+3.4	-5.6
Holding Companies	1.19	···	0.84	0.87	0.83	0.90	+7.6	-24.5
Hospitals and Health Care	1.33	···	1.10	1.14	1.10	1.21	+10.2	-9.1
Manufacturing	1.21	···	0.91	0.93	0.89	0.98	+9.3	-19.6
Oil, Gas, and Mining	1.14	···	0.92	0.96	0.94	1.00	+5.7	-12.5
Professional Services	1.28	···	0.92	0.92	0.92	0.97	+5.2	-24.8
Real Estate and Equipment Rental Services	1.35	···	1.00	0.99	1.00	1.03	+3.1	-23.5
Retail	1.12	···	0.85	0.84	0.79	0.85	+7	-23.9
Technology, Information and Media	1.50	···	0.81	0.80	0.78	0.84	+8	-44
Transportation, Logistics, Supply Chain and Storage	1.44	···	1.12	1.11	1.11	1.10	-0.7	-23.6
Utilities	1.37	···	1.24	1.31	1.19	1.26	+5.6	-8.5
Wholesale	1.20	···	0.86	0.86	0.84	0.80	-5.9	-33.5

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; Tallahassee, FL; and Gainesville, FL. For every 10,000 LinkedIn members in College Station-Bryan, TX, 90 left in the past 12 months.

The U.S. cities gaining the most people are North Port-Sarasota, FL; Cape Coral, FL; and Austin, TX. For every 10,000 LinkedIn members in North Port-Sarasota, FL, 101 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.