Analyst offers more than simply a comprehensive set of fundamental labor market and education data like total jobs, industry growth, or program completions. It also includes a variety of more advanced metrics that let you get a deeper look at the economy of your region. One of the most advanced types of data in Analyst is shift share data.
Location quotient (which we explained here) provides a look at which industries and occupations are most concentrated in your region. But shift share takes that kind of perspective on regional strengths one step further by breaking down the way in which any industry has grown over a period of time and letting you see what part of that change was due to trends in the national economy. With that portion removed, you’re able to isolate the job growth that can be directly attributed to the unique factors in your region.
Shift share is complex, so it might be easier to understand by seeing the data itself. To help with that, watch this video to see how to explore shift share data in Analyst.
For more information on how EMSI calculates shift share data, read this overview or download this white paper. And to learn more about how Analyst and shift share data can help your organization make better, more data-informed decisions, contact Josh Wright.