In a recent Trendlines magazine article, Lecia Parks Langston talks about the fluidity of the labor market and new hire data from the Local Employment Dynamics (LED) program. She writes:
Guess how many people were hired during the worst quarter of the “Great Recession” in Utah? Go ahead and take a guess. Well, you most likely guesstimated low. Almost 127,000 Utah workers found a new job in the first quarter of 2010. In other words, almost 12 percent of the jobs tracked by the LED system were held by a “new hire.” And, that’s the worst quarter. These figures appear even more remarkable over time. New hires averaged more than 200,000 per quarter between 2007 and 2010.
To read the whole article, click here.