Net Percent Change in Local Jobs
- Analysis of Performance
- Metric Definition
- Why Is This Important?
- City Organization Impact on Performance
- Benchmark Information
Analysis of Performance
Total employement continued to rise, slightly, between Q3 and Q4, from 87,808 jobs to 88,115 jobs, for .35% net increase. Though this demonstrates postive growth, it does fall below the 2% target, putting us in the Red.
Job change measures the number of new jobs available in an economy. The net job change accounts for layoffs as well as new positions; a healthy economy will have a given number of new jobs created each month/quarter despite some layoff activity.
Why Is This Important?
Job change is often seen as a leading indicator of economic activity, meaning that it can project economic expansion or contraction. Jobs also constitute the essential building block of any economy and are therefore essential to measure.
City Organization Impact on Performance
Medium - The activities of the Economic Health Office are intended to influence local job creation, but final hiring activity is also inluenced by outside economic conditions.
Benchmarking in progress