Health Care has Seen a -3.2% Decrease in Hiring Since 2018
- Gross hiring across all US industries has shown a -2.9% decrease compared to the beginning of 2018.
- Interestingly, the industry with the largest increase in hiring was ‘Public Safety’ at +6.4%.
- Other prominent public service sectors, including ‘Education’ and ‘Health Care’ has seen a decrease in hiring with -5.9% and -3.2% retrospectively.
- The industry that has had the largest decease in hiring year-on-year was ‘Arts’ with -13.7%.
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.
Interestingly however, the unemployment rate remains unchanged at 3.8 percent as of March 2019, with the number of unemployed people in the US equating to around 6.2 million.
To explore the subject further, digital marketing agency Reboot Digital Marketing (@rebootonline) analyzed the latest findings found within the report ‘The Workforce Report March 2019’ by LinkedIn* 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. Remarkably, a surprising industry that has seen the highest increase in hiring is ‘Public Safety’ at +6.4% year-on-year.
Despite the substantial positive increase for this sector, both ‘Education’ and ‘Health Care’ has seen a decrease in hiring with -5.9% and -3.2% retrospectively.
Ranking just after ‘Public Safety’, Reboot Digital Marketing can also reveal the next five industries that had the highest notable increase in hiring between February 2018- 2019 were:
Software and IT 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 the following ten industries had the largest most notable decreases in hiring from 2018-2019:
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 finally Design as well as Real Estate with -6%.
Shai Aharony, Managing Director of Rebootonline.com commented:
“Our digital agency has grown over the last two years and recruiting skilled people is essential to our expansion. We have large numbers of candidates applying for roles; however, they often do not possess the correct skills or relevant work experience in the IT and marketing field. If you are looking for employment in a particular industry, make sure your CV reflects your talent in this area. Take a course or gain additional qualifications relevant to the job role which makes you enticing to prospective employers. Internships and work experience are also valuable tools to gain knowledge and bridge the skills gap.”
*Methodology: “Hiring rate” is the count of hires divided by the total number of LinkedIn members in the US. The count of hires is those that have added a new employer to their profile in the same month the new job began. The figures represent the year on year percentage change between February 2018 to February 2019.