ECONOMY
Issue #274
9 Jan 2022
The LinkedIn Hiring Rate (LHR) is the percentage of LinkedIn members who added a new employer to their profile in the same month the new job began, divided by the total number of LinkedIn members in that country
Is this the most accurate signal we have on whether hiring is actually happening or not? It’s much better than job ad volume. Or anything else I can think of. The December insights report from LinkedIn’s Workforce Insights newsletter is interesting (hiring cooling btw, likely due to Christmas + Omicron), but I include it in here mainly to raise awareness of the LHR measurement - seems like a metric we should all be more familiar with.