The employment-to-population ratio is an alternative measure to unemployment, capturing the unemployed who leave the labor market over time. The duration of decline overtime is an indication of job growth needed to return to pre-downturn levels. Since 2006, the ratio declined through 2010, showing signs of improvement starting May 2011. Improvements starting again in spring 2012; the 2015 ratio improved 1.2% over the prior year, are now back to pre-recession levels. The October 2018 ratio is at the highest level since TMT began tracking this measure in 1990.
Washoe County’s population-to-employment ratio is the highest since TMT began tracking the metric in 1990, at 0.96% for October 2017. The unavailability of skilled labor could now become more of an issue in the short-term.