Effort Index:
We developed this index as an easy way to quickly discern how difficult it is to fill positions by industry and within different counties. The value displayed is the ratio of the total number of job postings divided by the number of unique jobs posted. In other words, if there are 4 unique jobs that are posted, and a total of 12 postings, then on average each job had to be posted 3 times. The “Effort Index” in this case would be “3”, i.e., 12 total postings divided by 4 unique postings.
Gap intensity:
Gap Intensity modifies the Effort Index based upon the ratio between the total number of jobs and the unique postings in an industry. If there are a lot of posting in a particular industry, for example, the Gap Intensity will be greater. But if the industry only has a few postings compared to the number of existing jobs, the Gap Intensity will be lower. In other words, the Gap Intensity is a measure of the relative magnitude of the total hiring challenge.
Notes:
Sources:
Site Data last updated on:
Colorado IIJA/IRA Workforce Dashboard
Contact:
This site was developed through a public-private partnership in the State of Colorado