Female workforce participation increased from 30% in April to reach 37% at the end of July: LinkedIn

LinkedIn, the world’s largest online professional network, today announced findings of the second edition of the ‘Labour Market Update’, a monthly update on hiring trends and insights based on LinkedIn's Economic Graph, a digital representation of the Indian economy built by conducting a close analysis of actions of 69+ million members in India. The ‘Labour Market Update’ highlights the hiring rate in India, female representation across the workforce and in key sectors, and the impact on hiring rates for talent with digital skills. Insights from this edition show that hiring continues to recover, gender parity has improved, and disruptive digital skills can help to increase the resilience of professionals to challenges in the current job market.

Hiring picked up by 25 percentage points by end of July as compared to June

The Labour Market Update analysis for July looks at the year-on-year changes in hiring rate, which is a measure of hires divided by LinkedIn membership. Earlier in the year, hiring declines reached a low of below -50% year-on-year in April, before starting to slowly recover. The hiring rate was at -15% year-on-year as of the end of June. In late July, it crossed the 0% mark and reached positive territory of around +10% year-on-year as of the end of July, registering a 25 percentage point improvement compared to the end of June. However, risks of second-wave of infections still remain, and further recovery may also be tempered by weak economic outlook.