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Description:
LABOR MARKET ENGAGEMENT INDEX
Summary
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
Copyright Text: U.S. Department of Housing and Urban Development
Spatial Reference: 102100 (3857)
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Spatial Reference: 102100 (3857)
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Child Resources: Info SharedTemplates
Supported Operations: Query ConvertFormat Get Estimates Create Replica