United States. Department of Housing and Urban Development
·
2020
Full Details
Full Details
Title
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.
Publisher
United States. Department of Housing and Urban Development
Subject
Labor market, Industrial relations, Labor economics, Boundaries, Economy, Location, Society
Temporal Coverage
2020
Date Issued
2023
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.