Labor Market Engagement Index, 2020

Description:

LABOR MARKET ENGAGEMENT INDEXSummary

The labor market engagement index provides a summary description of the relative intensity of labor market engagement and human capital in a neighborhood. This is based upon the level of employment, labor force participation, and educational attainment in a census tract (i). Formally, the labor market index is a linear combination of three standardized vectors: unemployment rate (u), labor-force participation rate (l), and percent with a bachelor’s degree or higher (b), using the following formula:

Where means  and standard errors  are estimated over the national distribution. Also, the value for the standardized unemployment rate is multiplied by -1.

Interpretation

Values are percentile ranked nationally and range from 0 to 100. The higher the score, the higher the labor force participation and human capital in a neighborhood.

Data Source: American Community Survey, 2006-2012.
Related AFFH-T Local Government, PHA and State Tables/Maps: Table 12; Map 9.

To learn more about the Labor Market Engagement Index visit: https://www.hudexchange.info/resource/4868/affh-raw-data/Date of Coverage: 02/2018 The Labor Market Engagement Index provides a summary description of the relative intensity of labor market engagement and human capital in a neighborhood.

Resource Link:

https://purl.stanford.edu/ky119gp1187

Identifier:

https://purl.stanford.edu/ky119gp1187

Language:

eng

Publisher:

United States. Department of Housing and Urban Development

Provider:

Stanford

Resource Class:

Datasets

Resource Type:

Polygon data

Subject:

Labor market, Industrial relations, Labor economics, Boundaries, Economy, Location, and Society

Theme:

Boundaries, Economy, Location, and Society

Temporal Coverage:

2020

Date Issued:

2023

Spatial Coverage:

United States

Rights:

This item is in the public domain. There are no restrictions on use.

Rights Holder:

This work is in the Public Domain, meaning that it is not subject to copyright.

Access Rights:

Public

Format:

Shapefile

Georeferenced:

false