LinkedIn's Economic Graph’s Post

LinkedIn data shows that since 2015, skills for jobs have evolved by 25% and are projected to change 65% by 2030. In this rapidly shifting landscape, continuous learning is essential. In 2019, Walmart launched nanolearning courses—quick, one- to two-minute modules that empower employees to upskill anytime, anywhere. This innovative approach has led to an impressive 17 million completed nanolearning sessions. Aneesh Raman, Chief Economic Opportunity Officer at LinkedIn, recently discussed this transformative initiative with Ben Peterson, VP of People Product and Design at Walmart. Learn more about Walmart’s approach with nanolearning: https://lnkd.in/g8YSi-u2

💡75% of employers report difficulty in filling jobs. It's time to change how we hire, apply for, and describe jobs. LinkedIn data shows that adopting a #SkillsFirst approach to the labor market can expand talent pools by nearly 10x on average, paving the way for a more robust and diverse group of candidates. Join us this Wednesday for a virtual event with The Organisation for Economic Co-operation and Development (OECD - OCDE) to learn more about our collaborative skills-first project. You’ll hear from experts and practitioners, including: 🔹 El Iza Mohamedou, Head of the OECD Centre for Skills  🔹 Astrid Aupperle, AI National Skills Director, Microsoft 🔹 Iván Bornacelly, Policy Analyst and Project Lead, OECD Centre for Skills  🔹 Enzo Weber, Professor of Economics, at Institute for Employment Research of the German Federal Employment Agency A panel discussion on building a skills-first future will be moderated by Nicola Brandt (Head of the OECD Berlin Centre), featuring El Iza Mohamedou (Head of the OECD Centre for Skills), Kristin Keveloh (Senior Lead Manager Public Policy and Economic Graph at LinkedIn), Enzo Weber, and Anne Kjær Bathel (She) (Co-Founder & CEO at ReDi School of Digital Integration) 📢 Register here: https://bit.ly/asff24

Early findings from the Economic Graph Research Institute show that adopting generative AI positively impacts the labor market for software engineers. Here are some key takeaways from our research on companies using GitHub Copilot: 📈 Increased hiring: Our research finds that these orgs are hiring software engineers more frequently—up by 2.9%—especially at entry and senior levels. 📢 Growing demand: We observed a 6.9% increase in job postings for software engineers on LinkedIn from these businesses. These employers are also more likely to post jobs that don’t require a college degree, which broadens the candidate pool. 🧠 Skill development: New hires at these businesses are showing a 13.3% boost in non-programming skills—such as project management and communication—while their programming skills remain steady. This highlights a growing emphasis on human-centric skills that generative AI can’t replicate or enhance. Read more about this new working paper: https://lnkd.in/gwjeGzgP ✍️: Matthew Baird, Mar Carpanelli, Brian Xu, Kevin Xu

🧑💻 What’s the state of remote and hybrid work? We analyzed trends across five countries: France, Germany, India, UK, and US, and found that remote hiring is more common in international companies — those headquartered outside the country where the hiring takes place — than in domestic ones. Here's what else we saw: 📌 Demand for hybrid work remains more prevalent than remote work globally, though small companies in Germany, the UK, and the US are seeing growth in remote roles. 📌 In France and India, onsite work is the primary model for all company sizes, while hybrid work is also on the rise. Large companies lead in hybrid hires, with 31.8% in France and 38.6% in India. Read the full report: https://lnkd.in/gaj3Ugtj ✍️: Caroline Liongosari, Nadine Fares, Rosie Hood, PhD

This month, the US Federal Reserve made its first interest rate cut in over four years, signaling a shift from tightening to easing as central banks respond to rising unemployment in the US, UK, Canada, and Eurozone. A key question is: Are global labor markets resilient enough to handle the gradual lowering of interest rates? In our latest State of the Labor Market update, we take a closer look at hiring trends and job seeker competition in today’s mixed macroeconomic environment. While growth is anticipated, we’re noticing a slowdown outside emerging economies and increased competition among job seekers. Read the full report from Kory Kantenga, Ph.D., Head of Economics, Americas, at LinkedIn:

🔔 Our latest report highlights mid-market enterprises (MMEs) — companies with 500–1,000 employees — as a vital engine of the US economy. We dive into real-time data to uncover the fastest-growing industries within this sector and examine how MME professionals are embracing AI and emerging technologies in hybrid work environments. As the skills landscape evolves rapidly, we also uncover key learning and development trends that are shaping the future of these firms. Explore the 2024 Mid-Market Enterprise Economy Report, sponsored by HP, below to see how MMEs are not just adapting to change and how their workforces are preparing for the future. Read more from Sharat Raghavan (Director of Data Science at LinkedIn) and Akash Kaura (Staff Data Scientist at LinkedIn) on the key findings: https://lnkd.in/ggvMUcY9 #LinkedInHPReport

It's #ClimateWeekNYC and sustainability policies and commitments are at the forefront of conversations. LinkedIn data reveals a concerning gap: the global workforce is not on track to meet these ambitions. 💡 We need to double the size of the green talent pool by 2050 — at a bare minimum — just to keep up with employer demand. Without urgent action, nearly half of the green jobs will lack of qualified candidates. The good news: We can take collective action now to ensure we have the workforce needed to meet our climate goals. Read the full LinkedIn Climate Talent Stocktake below and hear from Efrem Bycer, Sr. Lead Manager of Sustainability and Workforce Policy Partnerships at LinkedIn, on how we can address the green skills gap: https://lnkd.in/dgbgC9mj #GreenerTogether #GreenJobs #GreenSkills

Join us in an insightful virtual conversation exploring the critical trends impacting mid-market enterprises (MMEs). LinkedIn’s Chief Economist, Karin Kimbrough, HP's SVP and Managing Director of North America, Anneliese Olson, and LinkedIn’s Director of Data Science and Economic Graph, Sharat Raghavan will share some of the latest findings from LinkedIn’s 2024 Mid-Market Enterprise Economy Report, sponsored by HP. Tune in to hear how these firms (500–1,000 employees) are adapting to technological shifts like AI, navigating economic uncertainties while driving innovation, and more. #LinkedInHPReport 

When it comes to generative AI, you don’t have to be a tech expert or coder to build your skills. Since late last year, we’ve seen a 142x increase globally in LinkedIn members adding AI aptitude skills to their profiles — and it's not just workers in technical roles who are adding those skills. "Employers are keen to take on talent that is familiar and adept with basic AI skills,” says Karin Kimbrough, Chief Economist at LinkedIn. Our data shows that 71% of leaders say they would rather hire a less experienced candidate with AI skills than a more experienced candidate without. So how can you gain critical, in-demand skills for the AI-powered economy? Check out these free LinkedIn for Learning courses and get started today: https://lnkd.in/dTHqwJE

The world of work is changing fast, and leaders must keep pace. New research from LinkedIn sheds light on changes in executive-level roles in the US. Here are some key insights: 📌 The skills needed to lead are shifting, with emotional intelligence and social abilities becoming more important. The top fastest growing soft skills for executives include presentations, strategic thinking, and communication. 📌 The path to leadership is becoming less linear. Execs are coming into roles with more experience across industries, job functions, and companies. For instance, 88% of leaders in executive positions in 2018 had spent their entire careers in a single job function — and this year that percentage is down to 57%. 📌 A new wave of leaders is rising, with more younger workers and women stepping into executive roles. Millennials currently make up 44% of exec roles and are on track to surpass Gen X (currently 48% of exec roles) in 2025. We’ve also seen a 10% increase of women leaders over the past five years. Read more in the complete report below. ✍️: Caroline Liongosari, Silvia Lara, Sharat Raghavan