Earlier this month, LinkedIn published its 2023 Workforce Report. The report focuses on data revolving around data on Americans starting new jobs and moving to new cities. Austin, TX, San Francisco Bay Area, CA, and Seattle, WA saw the most growth of people moving to their cities. LinkedIn also breaks down different industries and the hiring trends we’ve seen in the last year.
Key Insights from LinkedIn’s 2023 Workforce Report:
Hiring declines. Compared to this time last year, hiring is down overall 23%. Most of this decline occurred between April and June of 2022.
The fastest-hiring industries. Utilities and Government Administration experienced the most growth this year. Historically, this industry does fare well during economic downturns. Administration and Support Services increased by 3.3%, Construction increased by 3.1%, and Transportation, Logistics, Supply Chain and Storage increased by 2.7% since this time last year.
Cities with the largest employment growths. Austin, Menneapolis-St. Paul and Phoenix experienced the largest month-over-month gains for employment last year.
Additionally, the following trends have been identified by LinkedIn for the future of work:
- Emerging Technologies
- Career Pathways
- Entrepreneurship
- Global Economic Integration
You can read the full report on job trends here. And while you’re at it, don’t forget to view all of APC’s thought-leadership pieces, which cover a range of informational articles for both employers and professionals on topics like resume help, a study on the Great Resignation, top tech hiring trends this year, and more!
Let us level up your hiring process this year. With APC, you can increase your revenue, lower labor costs, improve productivity, and more. Reach out today:
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Kristen Burgess is the Marketing Specialist at Alliance of Professionals & Consultants, Inc. She has five years’ experience in curating content for digital platforms, social media contributions, and supporting marketing campaigns and strategies. Before joining the APC wolfpack, she worked in digital marketing for software as a service, giving her keen insight into the types of professionals APC hires today. In addition, she likes to stay up-to-date on the most relevant trends within the technology industry through thought-provoking podcasts and newsletters while paying attention to industry leaders’ trends. In her spare time, she serves on the Management Team and helps craft communications for the Junior League of Durham and Orange Counties.
