Wednesday, November 10, 2010
Useful measurement
The Wash state unemployment director, interviewed by Spokane Public Radio [can't find online link yet], gave an important statistic in a hugely valuable way.
"We have one job available for every 5 people actively seeking employment."
I'd never thought of it that way, and can't recall hearing this proportional style before.
This is undoubtedly the best and smartest indicator of employment. Tells you everything in one number, while the usual 9.5% (or whatever) tells you very little by itself. ¶ 7:39 AM
"We have one job available for every 5 people actively seeking employment."
I'd never thought of it that way, and can't recall hearing this proportional style before.
This is undoubtedly the best and smartest indicator of employment. Tells you everything in one number, while the usual 9.5% (or whatever) tells you very little by itself. ¶ 7:39 AM
