In the latest edition of the State of the Labor Market report, we explore global hiring trends and the implications for early career professionals. Here are some of our findings:
📊 Diverging hiring trends: While global hiring has slowed since 2022, industries like Healthcare, Utilities, Education, and Government Administration have shown resilience. Conversely, Technology, Information, and Media; Professional Services; and Manufacturing have seen significant declines.
🎓 Opportunities for early career professionals: With high-paying roles harder to land, many young professionals are pivoting to more stable industries. Education and Government Administration are among the fastest-growing fields for new grads.
🧳 Rise of lower cost cities: Early career professionals are also moving to more affordable cities in the US, particularly in the Sunbelt region, as housing prices in larger metros soar.
🌍 Green jobs challenge: Despite a strong interest in green jobs, many Gen Z workers lack the necessary skills and experience. According to new data from LinkedIn, only 1 in 20 Gen Z workers globally report having the skills required to address the climate crisis compared to 1 in 8 workers in the overall workforce. There's a significant gap to fill as we address the climate crisis.
Read the full report from Kory Kantenga, Ph.D., Senior Economist at LinkedIn.
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