LinkedIn's Economic Graph is a project that seeks to create a digital map of the global economy with real time and near-real time data. Each time a LinkedIn member adds data to LinkedIn (for example, when a member adds a new skill, when a company lists a new job opening or a school adds a new alumni) that data becomes part of the Economic Graph. As of this writing, LinkedIn has more than 433 million members contributing data to the project. Because LinkedIn recognizes the importance of member privacy, the Economic Graph is built with anonymized data and insights are aggregated or visualized as trends.
An important goal of the Economic Graph project is to provide policymakers, employers, workers and educators with data-driven insight about labor markets across all segments of the world. Another important goal of the project is to align employers’ needs in various parts of the world with the curriculum that is taught in schools and universities to reduce skill gaps and ensure that students are more likely to get jobs after they graduate. Even though job titles can mean different things in different businesses and locations, the deep learning algorithms used by LinkedIn for search allows data to be viewed at a granular level, thereby providing an accurate view of labor market supply and demand in a given geographic area or industry.
LinkedIn estimates that about 45,000 companies across the globe currently use the LinkedIn website to recruit new employees and there are about 35,000 skills that employees and employers use in a standard manner. In addition to job title(s), members provide information about their knowledge base, detailing information about the skills they are using in their current position as well as those that were required for previously-held positions. Because the majority of LinkedIn members regularly update their profiles, the data in LinkedIn’s Economic Graph is considered to be fresher than many other types of data that recruiters typically have access to.
See also: social graph
In this breakout session at the 2015 Code for America summit, LinkedIn representatives share how the Economic Graph is being used with 40 partner cities to identify skill gaps and find ways to reduce them.