Which state has suffered the worst change in its economy over the past 12 months? Here are the bottom 20 in job openings and layoffs:
Oddly, there are only five states that are on both lists (Alaska, Hawaii, Nevada, Indiana, and Utah). You'd think there would be overlap, wouldn't you?
Kevin is always crying for normalization, but he slips up on this one. To know what these numbers mean they should be compared with the numbers in more normal times - no recovering from a pandemic.
To be fair, media stories usually don't do the comparison either - it would reduce the size of the numbers.
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To know what these numbers mean they should be compared with the numbers in more normal times - no recovering from a pandemic.
Perhaps the point is to know what the numbers are now, in the times we actually live in—an abnormal time.
I find it absurd that job opening or low in NY, NJ. Sure does not fit the narrative.
We don't know they're "low" in New York or New Jersey. We just know they've declined. Perhaps job openings are still very healthy by historical standards, but last year they were off the charts.
Maybe you could line up those states by total nonfarm employment (employees) as an index and set the benchmark (index = 100) at December 2021?
Overlap would be expected in states where employment was transitioning between fields, er, practicae? /industries.
In states “simply” growing or contracting, not so much.
Yay! To Maine for increasing hiring by 8000 over the month
Tourism, tourism, tourism, Indiana, and Utah.
Well, true. That is our leaf peeping season. I wonder if it will hold up…? I hope so