LinkedIn helped me get this job. This is true for a lot of us, as LinkedIn holds the title as one of the most valuable for job seekers. But how many have considered its usefulness to track hiring and migration trends?
With over 202 million members in the United States, the platform has unique insight into the real-time dynamics of those starting new jobs and moving to new cities.
In Chicago, LinkedIn’s July 2023 Workforce Report reported hiring was 0.3% lower in June 2023 compared to last month May 2023 and was 21.6% lower in June 2023 compared to last year June 2022.
Chicago gained the most workers in the last 12 months from Urbana-Champaign, Illinois, and Detroit, Michigan, likely due to the migration of recent college graduates from both regions.
It was Dallas-Fort Worth, Texas; Denver, Colorado; and Tampa Bay, Florida that gained the most workers from Chicago in the last 12 months. This means for every 10,000 LinkedIn members in Chicago, 1.92 workers moved to Dallas-Fort Worth, Texas, in the last year.
The same patterns can also be seen throughout the U.S.
Nationally, across all industries, hiring in the U.S. was 2% lower in June 2023 compared to last month May 2023. National hiring was 20.9% lower in June 2023 compared to last year June 2022.
The industries with the most notable hiring shifts month-to-month in June 2023 were financial services (3.7% higher); farming, ranching, forestry (1.7% higher); and holding companies (1.5% higher).
Read the full report here.
