The company’s monthly workforce report indicates that for every 10,000 Linkedin members in Denver, 71.6 arrived there in the past 12 months. The other cities that posted top gains based on the same new arrivals per-10,000-members metric are: Austin, Texas (64.1), Seattle (63.1), Las Vegas (57.7) and Nashville (51.3).
…San Francisco, the report says, is losing talent to other cities with growing tech sectors and lower costs of living. But the number of people moving there continues to outpace the number leaving.
The misalignment between the skills people have (supply) and the skills employers need (demand) is a skills gap. Skills gaps are fundamentally local, and specific to the supply and demand of individual skills. There is an abundance, or surplus, of skills when supply exceeds demand. There is a scarcity, or shortage, of skills when demand exceeds supply. A city with a scarcity of skills needs more people with certain skills, while a city with an abundance of skills has too many people with certain skills.
Skills gaps can be narrowed by people moving to cities where their skills are in demand; by businesses opening up shop in cities where there’s an abundance of the skills they need; by training people to learn the skills that are in demand from employers; and by employers offering higher pay for in-demand skills. In order to narrow skills gaps, cities should seek to understand the dynamics of their own labor markets and create policies to align education and training with employer needs.
Seattle shows up No. 6 on the list of metros with the largest skills gaps.
Unsurprisingly, tech centers dominate the top 10 gap cities.
As you would expect from Linkedin, the report has a lot of information, well-displayed and easily searched. The Seattle report includes some interesting migration data:
There’s much more. Enjoy.