LinkedIn's Data Suggests AI Not Yet Linked to Hiring Decline

LinkedIn's Chief Global Affairs and Legal Officer Blake Lawit recently stated that the company's data doesn't indicate AI is to blame for the hiring decline, which has been around 20% since 2022.

According to Lawit, LinkedIn's economic graph, which consists of over a billion members, shows that the decline in hiring is more closely tied to a rise in interest rates. He noted that the company hasn't seen the expected impacts of AI in areas such as customer support, administrative, or marketing jobs.

"At LinkedIn… we have an economic graph which is over a billion members. We've got companies, jobs, skills. It's really an amazing real-time view of what's happening in the labor market. And we've looked — because everyone wants to know the answer to this question: Is AI impacting jobs right now? We've looked and, honestly, we haven't seen it," Lawit said during an interview at Semafor's World Economy summit.

However, Lawit didn't rule out the possibility that things could change in the future. He warned that the skills required for jobs are rapidly changing with the rise of AI, with LinkedIn expecting the figure to be 70% by 2030.

• "So, even if you're not changing jobs, your job's changing on you," Lawit said.

LinkedIn's data suggests that the decline in hiring of college-aged young adults getting their first jobs is not "down more" when compared with people who were in the middle of or later in their careers. While this may be a positive sign, it's essential to note that the situation could change in the future as AI continues to evolve.

• The skills required for jobs are rapidly changing with the rise of AI.
• LinkedIn expects the figure to be 70% by 2030.
• The decline in hiring is more closely tied to a rise in interest rates.
• LinkedIn's data suggests that the decline in hiring of college-aged young adults getting their first jobs is not "down more" when compared with people who were in the middle of or later in their careers.