OMAHA, NEBRASKA - AIM's May Work Force Index (WFI) soared to 84.6 from April's very healthy 69.1. The WFI is a statistically based measurement tool produced by AIM, a nonprofit organization based in Omaha, Nebraska. The Index is a ratio of unique online job postings and the number of unemployed in Iowa (not seasonally adjusted). The Index ranges between 0 and 100. A WFI below 50.0 indicates short-term economic contraction while an Index above 50.0 indicates economic expansion. At 84.6, Iowa's WFI is in a range indicating healthy and improving job openings.

In June online job postings listed the largest number of open positions in absolute numbers in 1) Sales, followed by 2) Management, and 3) Skilled craftsman. As a share of employment, the largest number of job openings in descending order were: 1) Finance, 2) Engineering and 3) Customer Service positions.

In terms of indices among the states, North Dakota ranked number one with the highest WorkForce Index. North Dakota was followed by Vermont, at number two, Florida at three, Kansas at four, and Iowa at five. The state with the lowest index was Maine, followed by California and then Mississippi. New York ranked at 47th and Rhode Island at 46th rounded out the bottom five states. Iowa ranked as the 5th best in the nation for June 2014, which was an improvement over the state's May ranking of 8th.

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About the AIM WorkForce Index

AIM and the Creighton University College of Business produce the AIM WorkForce Index each month to track the relationship between the WFI and the changes in the U.S. Gross Domestic Product. This comparative analysis measures the relative strength of the Iowa labor market. It can also be compared to Creighton University's monthly survey of bank CEOs in 10 states including Iowa. Creighton's survey has also been pointing to an expansion in the Iowa Rural Mainstreet economy. See Rural Mainstream Index

This type of information is of value to both the employer and the job applicant as they develop plans and strategies for participation in the local and regional labor market. For more information on the WFI, please visit http://aiminstitute.org/aim-workforce-index/ or http://business.creighton.edu/economicoutlook.

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