LinkedIn Workforce Report | United States | March 2024
With over 206 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 January 2024.
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
Nationally, across all industries, hiring in the U.S. was 1.3% higher in February 2024 compared to last month January 2024. National hiring was 9.7% lower in February 2024 compared to last year February 2023.
The industries with the most notable hiring shifts month-to-month in February 2024 were Administrative and Support Services (11.8% higher); Technology, Information and Media (6% higher); and Consumer Services (5% higher).
The cities with the most notable hiring shifts month-to-month in February 2024 were Denver (5.6% higher); Detroit (5.2% higher); and San Francisco Bay Area (4.8% higher).
Hiring
The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 1.3% higher in February 2024 compared to last month January 2024. National hiring was 9.7% lower in February 2024 compared to last year February 2023.
The industries with the most notable hiring shifts month-to-month in February 2024 were Administrative and Support Services (11.8% higher); Technology, Information and Media (6% higher); and Consumer Services (5% higher).
Table 1: Hiring on LinkedIn, by Industry, through February 2024
Industry | Feb-23 | ··· | Nov-23 | Dec-23 | Jan-24 | Feb-24 | MoM% Change | YoY% Change |
Accommodation and Food Services | 1.06 | ··· | 0.99 | 1.01 | 0.93 | 0.96 | +3.9 | -9.2 |
Administrative and Support Services | 1.04 | ··· | 0.94 | 0.98 | 0.81 | 0.91 | +11.8 | -13.1 |
Construction | 1.22 | ··· | 1.21 | 1.24 | 1.18 | 1.18 | +0.7 | -3 |
Consumer Services | 1.20 | ··· | 1.19 | 1.20 | 1.11 | 1.17 | +5 | -2.3 |
Education | 1.23 | ··· | 1.15 | 1.16 | 1.14 | 1.15 | +1.2 | -6.6 |
Entertainment Providers | 1.00 | ··· | 0.92 | 0.93 | 0.94 | 0.94 | +0.4 | -5.5 |
Farming, Ranching, Forestry | 1.18 | ··· | 1.07 | 1.11 | 1.06 | 1.08 | +1.6 | -8.9 |
Financial Services | 1.16 | ··· | 0.97 | 0.98 | 0.96 | 0.99 | +3 | -14.8 |
Government Administration | 1.21 | ··· | 1.16 | 1.15 | 1.09 | 1.13 | +3 | -7.2 |
Holding Companies | 0.90 | ··· | 0.76 | 0.78 | 0.80 | 0.81 | +1.3 | -10.5 |
Hospitals and Health Care | 1.24 | ··· | 1.14 | 1.13 | 1.10 | 1.12 | +1.9 | -9.7 |
Manufacturing | 1.03 | ··· | 0.92 | 1.00 | 0.87 | 0.89 | +2.4 | -13.4 |
Oil, Gas, and Mining | 1.04 | ··· | 0.91 | 0.93 | 0.88 | 0.89 | +0.8 | -14.8 |
Professional Services | 1.02 | ··· | 0.90 | 0.91 | 0.89 | 0.91 | +1.9 | -10.9 |
Real Estate and Equipment Rental Services | 1.10 | ··· | 1.03 | 1.01 | 0.94 | 0.94 | +0.4 | -14.7 |
Retail | 0.91 | ··· | 0.86 | 0.87 | 0.83 | 0.83 | -0.2 | -9.8 |
Technology, Information and Media | 0.92 | ··· | 0.84 | 0.86 | 0.82 | 0.87 | +6 | -5.4 |
Transportation, Logistics, Supply Chain and Storage | 1.22 | ··· | 1.06 | 1.04 | 1.03 | 1.03 | -0.4 | -15.9 |
Utilities | 1.40 | ··· | 1.23 | 1.20 | 1.13 | 1.11 | -1.7 | -20.6 |
Wholesale | 0.98 | ··· | 0.89 | 0.95 | 0.82 | 0.83 | +1.2 | -15.9 |
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.
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.
