LinkedIn Workforce Report | United States | May 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 April 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
Ongoing modest hiring declines continue: Nationally, across all industries, hiring decreased by 0.1% in April compared to March and is down 29.0% year-over-year. While hiring declines are ongoing, they seem to be moderating, and we could start to see year-over-year comparisons start to improve within the next few months.
Government Administration reveals itself as the most resilient: Hiring increased 1.3% month-over-month in the Consumer Services industry, but was down in the 19 other industries. There were relatively modest declines in Accommodation & Food Services (-0.3%) and Government Administration (-0.5%). Government Administration is the only industry where hiring has increased in the past 6 months (+0.6% since October). Particularly large decreases since October have been seen in Wholesale (-8.8%), Financial Services (-7.8%) and Retail (-8.8%). Hiring in tech, information and media declined by 5.5% M/M and is down by 49.9% over the past year.
Hiring across metros continue to struggle: Of the 20 metro areas we track, none saw month-over-month increases. The mildest declines were in Chicago (-0.7%), St. Louis (-1.7%) and Los Angeles (-2.2%). The largest declines were seen in Nashville (-9.6%), Miami-Ft Lauderdale (-7.6%) and Minneapolis/St. Paul (-7.6%). Since October, the most resilient metro areas in terms of hiring have been Philadelphia (-11.3%), New York City (-11.4%), and Miami-Ft. Lauderdale (-13.6%). Those that have struggled the most since the fall have been Minneapolis/St. Paul (-21.1%), Seattle (-20.6%), and the San Francisco Bay Area (-20.5%).
Hiring
The LinkedIn hiring rate is a measure of hires divided by LinkedIn membership. Nationally, across all industries, hiring in the U.S. was 0.1% lower in April 2023 compared to last month March 2023. National hiring was 29% lower in April 2023 compared to last year April 2022.
The industries with the most notable hiring shifts month-to-month in April 2023 were Consumer Services (1.3% higher); Accommodation and Food Services (0.3% lower); and Government Administration (0.5% lower).
Table 1: Hiring on LinkedIn, by Industry, through April 2023
Industry | Apr-22 | ··· | Jan-23 | Feb-23 | Mar-23 | Apr-23 | MoM% Change | YoY% Change |
Accommodation and Food Services | 1.22 | ··· | 0.98 | 0.98 | 0.96 | 0.96 | -0.3 | -21.6 |
Administrative and Support Services | 1.28 | ··· | 1.00 | 0.98 | 0.97 | 0.92 | -5.2 | -28.4 |
Construction | 1.33 | ··· | 1.18 | 1.09 | 1.08 | 1.06 | -1.2 | -20.1 |
Consumer Services | 1.24 | ··· | 1.09 | 1.10 | 1.09 | 1.10 | +1.3 | -11.1 |
Education | 1.35 | ··· | 1.15 | 1.18 | 1.20 | 1.19 | -1 | -12.4 |
Entertainment Providers | 1.11 | ··· | 0.92 | 0.88 | 0.88 | 0.86 | -2.3 | -22.2 |
Farming, Ranching, Forestry | 1.49 | ··· | 1.14 | 1.09 | 1.15 | 1.14 | -1.6 | -23.8 |
Financial Services | 1.44 | ··· | 1.13 | 1.05 | 1.06 | 0.98 | -7.8 | -31.7 |
Government Administration | 1.19 | ··· | 1.14 | 1.08 | 1.11 | 1.10 | -0.5 | -7.8 |
Holding Companies | 1.29 | ··· | 0.93 | 0.84 | 0.83 | 0.82 | -2.1 | -36.7 |
Hospitals and Health Care | 1.29 | ··· | 1.16 | 1.10 | 1.13 | 1.08 | -4.3 | -16.3 |
Manufacturing | 1.24 | ··· | 0.99 | 0.91 | 0.94 | 0.89 | -5.5 | -28.3 |
Oil, Gas, and Mining | 1.14 | ··· | 0.98 | 0.92 | 0.99 | 0.92 | -7.5 | -19.2 |
Professional Services | 1.33 | ··· | 0.94 | 0.92 | 0.90 | 0.87 | -3.2 | -34.3 |
Real Estate and Equipment Rental Services | 1.35 | ··· | 0.97 | 1.00 | 1.01 | 0.99 | -1.6 | -26.5 |
Retail | 1.10 | ··· | 0.87 | 0.85 | 0.86 | 0.79 | -7.8 | -28.3 |
Technology, Information and Media | 1.54 | ··· | 0.90 | 0.81 | 0.82 | 0.77 | -5.5 | -49.9 |
Transportation, Logistics, Supply Chain and Storage | 1.45 | ··· | 1.15 | 1.12 | 1.09 | 1.08 | -1.4 | -26.1 |
Utilities | 1.38 | ··· | 1.30 | 1.24 | 1.27 | 1.22 | -3.5 | -11.4 |
Wholesale | 1.20 | ··· | 0.87 | 0.86 | 0.89 | 0.81 | -8.8 | -31.9 |
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.
Migration
The U.S. cities losing the most people are College Station-Bryan, TX; Urbana-Champaign, IL; and Tallahassee, FL. For every 10,000 LinkedIn members in College Station-Bryan, TX, 97 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, 111 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.
