Global Talent Trends Report - October 2023

Macroeconomic and workforce trends to help you navigate the changing world of work

In this report, we surface data insights from both LinkedIn’s Economic Graph and our member community to better understand how labor-market trends impact candidates, employees and workplaces. You can view the full report here.

A few highlights…

📉 Trends in the labor market

While a mild recession remains a significant risk in North America, chances of a non-recessionary soft landing have increased due to moderating inflation. GDP growth should be soft in North America, Europe and Latin America. 

📉 Trends in hiring

Hiring declines have likely peaked with a few industries showing resilience, and even some of the most hard-hit sectors showing moderating hiring declines.

📉 Trends in career development, skills and internal mobility

With labor markets cooling over the past year, there is a renewed decline among employees’ confidence in their careers. Employer alignment with 1) employees’ top values and 2) career development opportunities to bolster employee skills and internal mobility can serve to fill talent gaps and boost employee retention.

🌟 Employees today want more opportunities to explore new roles and learn new skills. By bringing TA and TD together, you’ll better help both your people and your organization at the same time.