According to the most recent report by the U.S Bureau of Labor Statistics, businesses posted nearly 7.6 million jobs at the beginning of 2019, indicating a shift within the labor market. Despite this, there are currently around 1 million more open jobs than there are unemployed workers.
However, the unemployment rate remains unchanged at 3.8% as of March 2019, with the number of unemployed people in the US totaling approximately 6.2 million.
To explore the subject further, digital marketing agency Reboot Digital Marketing analyzed the latest findings found within LinkedIn’s The Workforce Report March 2019 to further understand the industries with the largest hiring shifts over the last year.
According to the report, over 155 million US workers have LinkedIn profiles, with over 3 million new jobs posted on the site every month. However, despite this, gross hiring across all US industries was down -2.9% compared to February 2018.
Despite the evolution of technology, it seems the demand for more traditional/public service positions will not be disappearing anytime soon. A surprising industry that has seen the highest increase in hiring is public safety at +6.4% year over year.
Despite the substantial positive increase for this sector, both education and health care have seen a decrease in hiring with -5.9% and -3.2%, respectively.
Reboot Digital Marketing also revealed that five industries had the highest notable increase in hiring between February 2018 and 2019 after public safety: Software and I.T services (+4.6%), corporate services (+4%), public administration (+2.1%), and both wellness & fitness, and transportation & logistics with +0.5%.
At the other end of the scale, Reboot Digital Marketing found that 10 industries had the largest most notable decreases in hiring from 2018 to 2019: Arts (-13.7%), agriculture (-11.1%), consumer goods (-8.4%), retail (-8.1%), hardware & networking (-7.7%), entertainment (-7.7%), construction and manufacturing (-6.6%), and design and real estate with -6%.