Big Data and the Future of Labor Market Statistics...Big Data and the Future of Labor Market...

Jacqueline Barrett Staff Economic Researcher, LinkedIn

Big Data and the Future of Labor Market Statistics

L I N K E D I N ’ S V I S I O N

Create economic opportunity for every member of the global workforce

Members575M

Companies26M

Jobs20M

Skills50K

Schools60K 242B

Updates

Members575M

Companies26M

Jobs20M

Skills50K

Schools60K 242B

Updates

Cities that Chicago Has Gained the Most Workers FromSEPTEMBER 2018 (RATE PER 10 ,000 MEMBERS)

Pittsburgh, PA0.37

Columbus, OH0.33

Cincinnati, OH0.56

Lafayette, IN0.42

Urbana-Champaign, IL2.31

Bloomington-Normal, IL1.00

Des Moines, IA0.23

Peoria, IL0.62

Madison, WI0.31

South Bend, IN0.37

Chicago, IL

Cities that Chicago Has Lost the Most Workers ToSEPTEMBER 2018 (RATE PER 10 ,000 MEMBERS)

New York City, NY-1.56

Nashville, TN-1.40

Chicago, IL

Atlanta, GA-1.46

Denver, CO-4.22

Dallas-Ft. Worth, TX-2.20Austin, TX

-1.39

San FranciscoBay Area

-3.99

Seattle, WA-2.82

Los Angeles, CA-3.99

Phoenix, AZ-2.35

242BUpdatesMembers

575MCompanies26M

Jobs20M

Schools60K

Skills50K

Gap between supply and demand for a specific skill, in a specific local labor market, at a specific point in time.

skills gap

skills gap s

Greater New York City AreaGreater Los Angeles AreaSan Francisco Bay AreaGreater Chicago AreaWashington D.C. Metro AreaDallas/Fort Worth AreaGreater Boston AreaGreater Atlanta AreaGreater Philadelphia AreaHouston, Texas AreaGreater Seattle AreaGreater Detroit AreaMiami/Fort Lauderdale AreaPhoenix, Arizona AreaGreater Minneapolis-St. Paul Area

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarch

Emergency medicineInterpersonal skillsAnalytical skillsPrintingPublic safetyTranslationTelecommunicationsMaterials scienceLawAutomotive industryPathologyHospitalityPetroleum engineeringChildcareFilm production

Skills Gaps

S K I L L R E G I O N M O N T H S

Artificial intelligenceCommunicationMarketingTechnical supportPoliticsTravel servicesCorporate communicationsEnvironment, health, & safetyEconomicsUser experience designElectrical engineeringBusiness developmentPublic healthCustomer serviceSalesFood and beverageAviationSoftware developmentComputer scienceGeographyIndustrial designCriminal justiceCardiologySociologyManufacturing

DecemberJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

Tucson, Arizona AreaDes Moines, Iowa AreaDayton, Ohio AreaAlbuquerque, New Mexico AreaCharleston, South Carolina AreaMadison, Wisconsin AreaLittle Rock, Arkansas AreaLincoln, Nebraska AreaColorado Springs, Colorado AreaBoise, Idaho AreaSyracuse, New York AreaColumbia, South Carolina AreaBaton Rouge, Louisiana AreaSpokane, Washington AreaLexington, Kentucky AreaHarrisburg, Pennsylvania AreaToledo, Ohio AreaAllentown, Pennsylvania AreaSaginaw, Michigan AreaSarasota, Florida AreaChattanooga, Tennessee AreaFresno, California AreaSavannah, Georgia AreaProvo, Utah AreaJackson, Mississippi Area

S K I L L R E G I O N

Skills Gaps

M O N T H S

What skills are in highest demand in my city?

Where can I find software engineers to hire?

As a new graduate, where are my skills in demand?

What kind of jobs can I get with my skills?

What skills should I learn to make myself a more competitive job applicant?

As a workforce development specialist, how can I reduce unemployment in my city?

Are nursing skills experiencing a shortage nationwide?

Macro Trends

262KShortage of professionals with software

development skills

993Kshortage of professionals with oral

communication skills

>993Kshortage of professionals with oral

communication skills

262KShortage of professionals with software

development skills

Communication Skills

Communication Reasoning Working in teams

Soft skills can’t be automated

Micro Trends

professionals with nursing skills

12KNational shortage

of

Denver Chicago

Seattle

Extreme shortage of professionals with nursing skills

Minneapolis- St. Paul

New York City

Philadelphia

Surpluses of nursingskills in other large cities

Detroit

Skills gaps can be narrowedin a variety of ways

economicgraph.linkedIn.com