LinkedIn's Economic Graph reposted this
As we kick off the back half of the year, let’s take a closer look at what our data is telling us about job competition and where opportunities may reside. By our measure, the labor market is significantly less tight than only a few years ago, and that means there’s far more competition amongst professionals for the available jobs around the globe. For example, in the US from June 2023 to June 2025, the number of applicants per job has increased by nearly 20%. However, we’ve seen conditions improve for US job seekers so far this year, with competition amongst seekers declining 9% since January. So while still a challenging labor market, things are trending in a better direction. And while we expect competition to remain, there are opportunities out there. It’s just about knowing where to look. We’re seeing increasing opportunities across industries such as retail, healthcare, finance and construction to name a few. See the video for more insights around where opportunities reside from my conversation with Aaron "Ronnie" Chatterji at the OpenAI Forum as well as our latest State of the Labor Market newsletter from Kory Kantenga, Ph.D.of LinkedIn's Economic Graph team. https://lnkd.in/gvSVmK27