  At LinkedIn, we want to create economic opportunity for everyone in the
global workforce. To make this happen, LinkedIn offers a reactive Job Search
system, and a proactive Jobs You May Be Interested In (JYMBII) system to match
the best candidates with their dream jobs. One of the most challenging tasks
for developing these systems is to properly extract important skill entities
from job postings and then target members with matched attributes. In this
work, we show that the commonly used text-based \emph{salience and
market-agnostic} skill extraction approach is sub-optimal because it only
considers skill mention and ignores the salient level of a skill and its market
dynamics, i.e., the market supply and demand influence on the importance of
skills. To address the above drawbacks, we present \model, our deployed
\emph{salience and market-aware} skill extraction system. The proposed \model
~shows promising results in improving the online performance of job
recommendation (JYMBII) ($+1.92\%$ job apply) and skill suggestions for job
posters ($-37\%$ suggestion rejection rate). Lastly, we present case studies to
show interesting insights that contrast traditional skill recognition method
and the proposed \model~from occupation, industry, country, and individual
skill levels. Based on the above promising results, we deployed the \model
~online to extract job targeting skills for all $20$M job postings served at
LinkedIn.
