United States | December 2023

Nationally, across all industries, hiring is down 4.9% in November 2023 compared to October 2023, reversing October’s modest hiring pickup. Hiring is down 14.7% compared to November 2022 – the second smallest decline over the past 12 months. While hiring has yet to stabilize, the slowdown in hiring has moderated since the summer with hiring down only 3.1% since July.

United States | November 2023

Nationally, across all industries, hiring is up 4.1% in October 2023 compared to September 2023. Hiring is down 13.3% year-over-year, the smallest decline since September 2022. While the pace of hiring has yet to stabilize, these positive trends are a bright spot after a summer of hiring declines.

United States | September 2023

Nationally, hiring declined 3.6% in August compared to July, making it the third month in a row of hiring declines after small gains in late spring. In another sign of labor market cooling, August’s year-over-year (-23.8%) declines took a step back as compared to last year, but still outperformed the first 5 months of this year. Despite hiring declines, US members' confidence in finding or holding a job matched its 5-month high in our latest Workforce Confidence Index.

United States | August 2023

Nationally, hiring declined 3.3% in July compared to June. While we are seeing some improvements, and this month’s year-over-year decline is the lowest since October 2022, hiring remains down 22% year-over-year. While we continue to see hiring slow, it has subsided from an average 3% month-over month decline from April 2022 to March 2023 to averaging a 1% decline since April 2023.

United States | July 2023

Nationally, hiring declined 2% in June compared to May, after two small hiring increases in April and May. While we are seeing year-over-year improvement, hiring is still down 20.9%. It’s still premature to say if a recovery is emerging or if these slight gains reflect a pause before declines continue once again.

United States | June 2023

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.

United States | May 2023

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.

United States | April 2023

Nationally, across all industries, hiring decreased 0.6% in March compared to February and is down 28.2% year-over-year. The 0.6% decrease is the smallest decline we’ve seen in hiring in the past 11 months. While hiring declines may be gradually moderating, they are continuing to add to the ongoing slowdown: since hiring began to decline in April 2022, hiring has now declined by 29.2%. Additionally, our Workforce Confidence Survey indicates that our US members’ confidence about holding or finding a job has also declined since April 2022, but saw a slight uptick in March after hitting a two-year low in February.

United States | March 2023

Nationally, across all industries, hiring decreased 6.5% in February compared to January. This is the largest month-over-month decrease we’ve seen since April 2020, though we don’t expect declines of this magnitude to occur on a regular basis going forward. Year-over-year hiring decreased 27.9% - and hiring has now declined for 10 consecutive months. Additionally, our Workforce Confidence Index data from February showed worker confidence in finding and holding a job declined to its lowest level since 2021, consistent with the decline we’re currently seeing in the LinkedIn Hiring Rate.

United States | February 2023

Nationally, across all industries, hiring decreased by a modest 0.7% in January compared to December. Hiring is also down 23.0% year-over-year. Additionally, we’ve seen a 25.6% year-over-year decrease in hiring since April 2022, where more than half of that decline happened between April through July 2022.

United States | January 2023

Nationally, across all industries, hiring increased by 1.1% in December compared to November, the first monthly increase since August. However, hiring is down 10.3% year-over-year and down 9.4% from pre-COVID levels (February 2020). As we progress further into 2023 and economic uncertainty persists, it’s likely we’ll continue to see a slow glide downward in overall hiring levels, mimicking declines we saw throughout the first half of 2022. More specifically, since June we’ve averaged a decline of ~0.6% per month.