Colorado Q3 WFI
Colorado ranked as the 14th shows how Colorado has performed for each month of the quarter.
(PRWEB) November 06, 2014
Colorado WFI.
AIM’s September Work Force Index (WFI) for quarter III stood at 70.6. The WFI is a statistically based measurement tool produced by AIM, a not-for-profit organization in Denver, Colorado. The Index is a ratio of unique online job postings and the number of unemployed in Colorado (not seasonally adjusted). The WFI ranges between 0 and 100. A WFI below 50.0 indicates short-term job contraction while an Index above 50.0 indicates job expansion. Colorado’s WFIs, which has been at or above 69.0 for the last five months, are in a range indicating very healthy job growth.
On-Line Openings.
For quarter III, the largest number of online job postings in terms of the number of open positions were in: 1) Sales, followed by 2) Management, and 3) Customer Services positions. As a share of state employment, the largest numbers of job openings in descending order were in: 1) Finance, 2) Engineering, and 3) Customer Services positions.
State Rankings.
In terms of Work Force Indices among the states, North Dakota ranked number one with the highest WFI. North Dakota was followed by South Dakota at number two, Minnesota at three, Kansas at four, and Iowa at five. The state with the lowest index was Maine, followed by California at 49, and Mississippi at 48. Rounding out the bottom five states were New York at 47 and Alabama at 46. Colorado ranked as the 14th shows how Colorado has performed for each month of the quarter. Data in the graph are revised using the latest government data on unemployment and thus may differ from the original AIM release.
About the AIM WorkForce Index
AIM and the Creighton University College of Business produce the AIM WorkForce best in the nation for the third quarter of 2014. The accompanying graph Index each month to track the relationship between the WFI and the changes in the U.S. Gross Domestic Product. This comparative analysis measures the relative strength of the Colorado labor market. It can also be compared to Creighton University’s
monthly survey of bank CEOs in 10 states including Colorado. Creighton’s survey has been pointing to an expansion in the Colorado Rural Mainstreet economy.
This type of information is of value to both the employer and the job applicant as they develop plans and strategies for participation in the local and regional labor market. For more information on the WFI, please visit http://aimforbrilliance.org/workforce-index/, http://business.creighton.edu/economicoutlook, or dol.nebraska.gov.
About AIM
AIM is a not-for-profit community organization that promotes technology to empower people, enhance organizations, and create brilliant communities. AIM’s signature services include: Careerlink – the region’s leading career development website, Infotec – the Midwest’s premier business and IT conference, and Hatchfund – a crowdfunding source for artists. For more information about our services - training, youth programs, research and more - visit http://www.aimforbrilliance.org.