The job market is red hot. There were 11 million job openings and 6.5 million hires in October 2021 alone. Similar numbers for openings and hires have been posted since the summer.Â
And while much has been written about the "Great Resignation," job departures are only half of the story. Record-setting job openings and a record pace of hiring are the other half.Â
So which industries and occupations are growing fastest?Â
In October,
- 1.8 million job postings were open for health care and social assistance roles,
- 1.6 million job postings were open for accommodation and food services roles (which includes restaurants and hotels), and
- 1.1 million job postings were open for retail roles.
That’s according to data from the Bureau of Labor Statistics.
Those were also the industries that saw the most hires in October. In just that month,
- 1.1 million hires were made for accommodation and food services positions,
- 867,000 hires were made for retail positions, and
- 698,000 hires were made for health care and social assistance positions.
In terms of specific occupations, job postings in human resources, loading and stocking, production and manufacturing, and software development increased around 100% since January 2021, per Indeed.
Software engineers, project managers, and salespeople made up the largest percentages of roles hired between April and June 2021, according to data collected by LinkedIn.Â
Another factor for job seekers to keep in mind is the rapid growth of COVID-19 vaccine requirements showing up in job postings -- although less than 1% of job ads on Indeed include a vaccine requirement.Â
Key findings
- There were 11 million non-farm job openings and 6.5 million non-farm hires in October 2021.Â
- Over one million jobs were open in the following industries in October: health care and social assistance, accommodation and food services, and retail.Â
- Over one million hires were made in the accommodation and food services industry in October 2021. The retail industry hired 867,000 workers and 698,000 were hired into health care and social assistance roles.
- Software engineer, project manager, and salesperson were the most common titles of new hires on LinkedIn between April and June 2021.Â
- Job postings on Indeed for human resources, loading and stocking, production and manufacturing, and software development are up around 100% since February 2020.Â
- COVID-19 vaccine requirements are quickly growing on job postings, but still appear on less than 1% of those posted on Indeed.
There were 11 million job openings and 6.5 million hires in October 2021
In October alone, there were 11 million open job openings and 6.5 million hires, both near record levels.Â
Openings and hires saw a sharp drop in March and April 2020 as the COVID-19 pandemic swept through the United States.Â
Hires peaked in May 2020 at just over eight million, while openings have steadily risen since the spring of 2020. May and June 2020 were the only months since the start of that year in which there were more hires than openings.Â
Since June 2020, the gap between job openings and hires has gradually grown to record levels. In response, employers have raised wages and offered other incentives to lure in prospects.
| Non-farm hires, October 2021 | Non-farm openings, October 2021 |
|---|---|
| 6,546,000 | 11,033,000 |
Over one million jobs were open in health care and social assistance, accommodation and food services, and retailÂ
Three industries heavily impacted by the pandemic saw the largest number of job openings and hires in October 2021: accommodation and food services, retail trade, and health care and social assistance.Â
Each of those industries had over one million openings, according to the Bureau of Labor Statistics. Accommodation and food services hires were over one million as well, as Americans are returning to restaurants and hotels. Nearly 900,000 hires were made for retail store occupations as in-person shopping picked up again.Â
Health care and social assistance jobs have been in demand since the start of the pandemic and remain so, with 1.8 million openings and 698,000 hires in October.Â
| Sector | Hires, October 2021 | Openings, October, 2021 |
|---|---|---|
| Accommodation and food services | 1,082,000 | 1,598,000 |
| Retail trade | 867,000 | 1,055,000 |
| Health care and social assistance | 698,000 | 1,823,000 |
Software engineers, project managers, and salespeople were the most-hired employees on LinkedIn between April and June 2021
Software engineer was the most common title of new hires made between April and June, according to data collected by LinkedIn.Â
Just over 3% of hires made in those months were software engineers. Nearly 2% were project managers, 1.6% were salespersons, 1.5% were account executives, and 1.4% were real estate agents.Â
Keep in mind that LinkedIn users have some unique characteristics that can influence their data compared to the rest of the workforce.
They’re more likely to have a college degree, make $75,000 or more, and be in upper management than the general workforce. LinkedIn is also used for marketing and networking, which can attract people with particular occupations.Â
| Job title | Percent of recent hires with this job title on LinkedIn, April to June 2021 |
|---|---|
| Software Engineer | 3.3% |
| Project Manager | 1.9% |
| Salesperson | 1.6% |
| Account Executive | 1.5% |
| Real Estate Agent | 1.4% |
| Account Manager | 1.3% |
| Recruiter | 1.1% |
| Nurse | 0.9% |
| Customer Service Representative | 0.9% |
| Accountant | 0.8% |
| Sales Manager | 0.7% |
| Operations Manager | 0.7% |
| Product Manager | 0.7% |
| Program Manager | 0.6% |
| Attorney | 0.6% |
| General Manager | 0.6% |
| Teacher | 0.6% |
| Financial Analyst | 0.6% |
| Human Resources Administrator | 0.5% |
| Sales Director | 0.5% |
Job postings in human resources, loading and stocking, production and manufacturing, and software development are up 99% or more since February 2020
Job postings can provide another angle to look at which industries and jobs are growing fastest.
On Indeed, job postings in the human resources, loading and stocking, and production and manufacturing industries are up over 100% over the past year.Â
Software development job postings are up nearly 100%, as well.Â
Logistics support job ads have increased 90% since February 2021 as companies scramble to manage supply chain crunches across the pandemic economy.Â
Since February 2020, just as the pandemic was beginning in the United States, job postings in the food preparation and services sector are up 116%.Â
Ads in the installation and maintenance sector, veterinary sector, and security and public safety sector are each up over 100% from the start of the pandemic as well.Â
| Sector | Increase, Feb. 2021 to Nov. 2021 | Increase, May 2021 to Nov. 2021 | Increase, Feb. 2020 to Nov. 2021 |
|---|---|---|---|
| Human Resources | 110% | 75% | 66% |
| Loading & Stocking | 107% | 35% | 61% |
| Production & Manufacturing | 102% | 28% | 80% |
| Software Development | 99% | 70% | 50% |
| Logistic Support | 90% | 56% | 64% |
| Medical Information | 86% | 40% | 83% |
| Pharmacy | 85% | 26% | 31% |
| Accounting | 82% | 57% | 92% |
| Personal Care & Home Health | 76% | 21% | 48% |
| Scientific Research & Development | 74% | 44% | 71% |
| Medical Technician | 74% | 40% | 66% |
| Administrative Assistance | 71% | 34% | 75% |
| Mathematics | 69% | 53% | 76% |
| Banking & Finance | 67% | 48% | 77% |
| Marketing | 66% | 39% | 64% |
| Information Design & Documentation | 66% | 56% | 46% |
| Nursing | 64% | 31% | 53% |
| Childcare | 63% | 28% | 63% |
| Industrial Engineering | 62% | 46% | 62% |
| Insurance | 62% | 21% | 69% |
| Project Management | 62% | 45% | 53% |
| Construction | 62% | 1% | 39% |
| Cleaning & Sanitation | 61% | 15% | 46% |
| Media & Communications | 60% | 51% | 4% |
| Physicians & Surgeons | 59% | 42% | 64% |
| Legal | 59% | 41% | 53% |
| Veterinary | 56% | 11% | 107% |
| Security & Public Safety | 56% | 21% | 104% |
| Dental | 53% | 18% | 53% |
| Electrical Engineering | 51% | 39% | 16% |
| Community & Social Service | 51% | 25% | 41% |
| Arts & Entertainment | 49% | 25% | 53% |
| Therapy | 49% | 39% | 57% |
| Installation & Maintenance | 47% | 19% | 105% |
| Driving | 47% | 11% | 73% |
| Retail | 46% | 17% | 23% |
| IT Operations & Helpdesk | 46% | 41% | 72% |
| Management | 43% | 31% | 89% |
| Customer Service | 43% | 15% | 66% |
| Food Preparation & Service | 41% | 20% | 117% |
| Architecture | 41% | 34% | 44% |
| Education & Instruction | 37% | 32% | 42% |
| Civil Engineering | 37% | 35% | 43% |
| Sales | 28% | 13% | 49% |
| Sports | 22% | 25% | 95% |
| Hospitality & Tourism | 18% | 25% | 49% |
| Beauty & Wellness | 3% | 11% | 65% |
Teaching, JavaScript, curriculum development, and account management were the most sought-after skills for trending jobs between April and June 2021
The most important job skills for the top trending jobs on LinkedIn are teaching, the programming language JavaScript, curriculum development, account management, and sales management.Â
Understanding how to work with investment properties and first-time home buyers are also top-ten skills -- no surprise, given the red-hot housing market.
| Most important skills for the top trending jobs, April to June 2021. |
|---|
| Teaching |
| JavaScript |
| Curriculum Development |
| Account Management |
| Sales Management |
| Investment Properties |
| Working with First-Time Home Buyers |
| Team Building |
| Operations Management |
| Legal Writing |
| Recruiting |
| Construction Management |
| Program Management |
| Civil Litigation |
| Account Reconciliation |
| Sales Operations |
| Inventory Management |
| Financial Analysis |
| General Ledger |
| Customer Satisfaction |
Microsoft, Amazon Web Services, Facebook, and JPMorgan Chase led in hiring on LinkedIn between April and June 2021
Microsoft, Amazon Web Services, Facebook, JPMorgan Chase, and Apple made the largest number of hires on LinkedIn between April and June.Â
Large companies in industries that have seen some of the fastest recent job growth dominated the list.
In addition to Microsoft and AWS, Apple and Oracle were among the top 20 for new hires on LinkedIn between April and June as the pandemic continues to buoy demand for technology solutions.Â
Financial services companies like Fidelity Investments, Northwestern Mutual, Wells Fargo, Citi, and Morgan Stanley each cracked the top 20 as well.Â
Real estate companies such as Keller Williams Realty, eXp Realty, and Compass were among the companies that made the most hires during the spring, in line with the record home buying.
| Companies in all industries in all regions, U.S. ranked by the largest number of hires on LinkedIn | Company |
|---|---|
| 1 | Microsoft |
| 2 | Amazon Web Services (AWS) |
| 3 | |
| 4 | JPMorgan Chase & Co. |
| 5 | Apple |
| 6 | Northwestern Mutual |
| 7 | Accenture |
| 8 | Fidelity Investments |
| 9 | Keller Williams Realty, Inc. |
| 10 | Wells Fargo |
| 11 | eXp Realty |
| 12 | General Motors |
| 13 | Target |
| 14 | Lowe's Companies, Inc. |
| 15 | Starbucks |
| 16 | Compass |
| 17 | Citi |
| 18 | Morgan Stanley |
| 19 | The Home Depot |
| 20 | Oracle |
California, Texas, and Florida have the most job openings and are hiring the most workers
California, Texas, Florida, New York, and Pennsylvania had the most job openings and made the most hires in September -- no surprise, given that these are the five most populous states and have among the largest economic output.Â
California had over 1.1 million job openings in September along with 660,000 hires. There were 807,000 job openings in Texas that month and 613,000 hires.Â
By comparison, states with smaller populations and less economic output had a fraction of those numbers. Wyoming, the least populous state, had just 19,000 openings and 14,000 hires in September.Â
| State | Job openings, September 2021 | Hires, September 2021 |
|---|---|---|
| California | 1,155,000 | 660,000 |
| Texas | 807,000 | 613,000 |
| Florida | 609,000 | 414,000 |
| New York | 543,000 | 315,000 |
| Pennsylvania | 420,000 | 210,000 |
COVID-19 vaccination requirements on job postings are skyrocketing, but still appear on less than 1% of job ads
Requirements for Covid-19 vaccination are becoming more commonplace in job postings, but were on less than 1% of Indeed job ads in July 2021.
Still, vaccine requirements on software development job postings were up over 12,500% between February and July. Job ads for marketing roles that required vaccination against COVID-19 were up 11,000% over that period.Â
Searches for jobs that do not require vaccination are also on the rise, according to Indeed. Those searches are mainly in healthcare but make up a minuscule percentage of all searches.Â
| Sector | Job postings requiring vaccination per million postings, February 2021 | Job postings requiring vaccination per million postings, July 2021 | Increase, February 2021 to July 2021 |
|---|---|---|---|
| Software development | 3.5 | 437.9 | 12,511% |
| Marketing | 9.9 | 1109.6 | 11,208% |
| Education | 33.3 | 2166 | 6,505% |
| Sales | 8.9 | 374 | 4,202% |
| Loading & Stocking | 19.7 | 769.9 | 3,908% |
| Management | 18.7 | 627.6 | 3,356% |
| Accounting | 39 | 1184.3 | 3,037% |
| Retail | 9.5 | 209.1 | 2,201% |
| Driver | 18.9 | 368.7 | 1,951% |
| Food Preparation & Service | 43.4 | 814.3 | 1,876% |
The fastest-growing industries
The COVID-19 pandemic has shaped the job market over the past two years, with industries most disrupted by the pandemic economy seeing explosive demand for workers. Reskilling and upskilling give job seekers even more power.
And while job hires have been at record highs for most of the past year, there are still some six million jobs left unfilled.Â
This dynamic has befuddled employers that are struggling to coax prospects with newfound bargaining power to return to their pre-pandemic jobs in certain industries, like food service, hospitality, and retail. Those industries are still the fastest-growing, offering the most jobs and seeing the most hires.Â
How long the gap between job openings and hires lasts remains to be seen. What is clear is that most industries are desperate for workers -- and workers know it. Now isn’t a bad time to be looking for a job.
Sources
- Bureau of Labor Statistics (2021). "Job Openings and Labor Turnover Surveys."
- Indeed (2021). "Indeed Job Postings Tracker: Data Through September 24."
- Indeed (2021). "Job Postings Requiring Vaccination Climb."
- Indeed (2021). "Job Postings Requiring Vaccination Soar."
- LinkedIn (2021). "EG Insights Report."
