Introduction to Local Area Dashboards

INTRODUCTION

IMPLAN has added a new section to the Data Library in order to assist users who are researching the specificities of regional economies. The Data Library Local Area tab (LA) provides a standard set of dashboards made up of relevant statistics for many of the topics that local area researchers examine. IMPLAN Data Library does the data work for you by organizing sets of metrics to address specific topics of interest, so you can focus on gaining insights and telling your story with confidence. The information gathered in the LA dashboards encapsulate various data topics that aid the local area researcher in understanding a broader view of the local economy.

DETAILS

From the IMPLAN Data Library welcome page, navigate to the top ribbon where you will find Dashboards, Explores, Looks, and now Local Area.

Sections of the Local Area tab include:

Regional Overview

The Regional Overview Dashboard is tailored to researchers who are interested in studying Industries within a single locality. From the Dashboard you can filter on Dollar Type, Data/Dollar Year, State, and County to get the following data tiles:

Top 10 Industries: Top 10 IMPLAN 546 Industries in the local area by either Output, Employment, or Total Value Added
Top Ten Industry Growth Rates: Top 10 IMPLAN 546 Industries in the local region by either Output, Employment, or Total Value Added growth rates (this table includes 1 year, 3 year and 10 year growth rates)
Shift Share: 1 year growth effect for total employment, broken down by national growth effect, industry mix effect, and competitive share effect to measure actual employment growth
Top 10 Occupation Growth Rates: Top 10 3-digit Occupation Codes in the local region by either Wage and Salary Employment growth rates or Wage and Salary Income growth rates (this table includes 1 year, 3 year and 10 year growth rates
Single Values (Reflecting Growth in all 546 Industries):

Current Employment Growth - 1 year
Current Output Growth - 1 year
Current Value Added Growth - 1 year
Current Labor Income Growth - 1 year

Regional Industry Compare

The Regional Industry Compare Dashboard is ideal for researchers who want to look at an Industry in two different regions, two different Industries in the same region, or maybe even two different Industries in two different study regions. From the Dashboard you can filter on Dollar Type, Data/Dollar Year, State 1, County 1, State 2, County 2, and Industry 1 and Industry 2 to get the following data tiles for each Region/Industry:

Output and Total Value Added Growth Rates: Total growth, 1 and 3 year growth rate for Output and Value Added.
Regional Industry Details:
- - Total Employment
  - Labor Income
  - Wage and Salary Employment
  - Employee Compensation
  - Proprietor Employment
  - Proprietor Income
  - Output per Worker
  - Value Added per Worker
  - Average Employee Compensation
  - Average Proprietor Income
Location Quotient: State and National Location Quotients for Output and Total Value Added
Shift Share: 1 year growth effect for total employment, broken down by national growth effect, industry mix effect and competitive share effect to measure actual employment growth

Regional Occupation Compare

The Regional Occupation Compare Dashboard is very similar to the Regional Industry Compare Dashboard, with the main difference being what you would be researching occupations instead of Industries. Local area researchers may want to study an occupation in two different regions, two different occupations in the same region, or maybe even two different occupations in two different regions. From the Dashboard you can filter on Dollar Type, Data/Dollar Year, State 1, County 1, State 2, County 2, Aggregation scheme, Occupational Level, and Occupation 1 and Occupation 2 to get the following data tiles for each Region/Occupation:

Wage and Salary Employment and Income Growth Rates: Total growth, 1 and 3 year growth rate for Wage and Salary Employment and Wage and Salary Income
Average Wage & Salary Income:
- Per Hour
- Per Year
Location Quotient: State and National Location Quotients for Employment and Income
Shift Share: 1 year growth effect for Total Employment, broken down by national growth effect, industry mix effect and competitive share effect to measure Actual Employment growth

Industry Growth and Trends

The Industry Growth and Trends Dashboard is ideal for researchers who want a quick snapshot of a single Industry within a single study region. From this Dashboard you can filter on Dollar Type, Data/Dollar Year, State, County, Aggregation Scheme, and Industry to get the following data tiles:

10 year Growth column chart: Industry specific Output, Labor Income, Total Value Added, and Total Employment columns
Quarterly Growth column chart: Industry specific Output, Labor Income, Total Value Added, and Employment columns
Top 10 Occupations: Top 10 5-digit Occupation Codes in the local region by either Average Wage and Salary Income, Average Wage and Salary Income per hour, or Wage and Salary Employment
National Location Quotient column chart: National Location Quotients for Employment, Labor Income, Output, and Total Value Added
Shift Share: 1 year growth effect for Total Employment, broken down by national growth effect, Industry mix effect, and competitive share effect to measure Actual Employment growth

Occupational Growth and Trends

The Occupational Growth and Trends Dashboard is great for a user who needs quick data on a single Occupation, Occupations by Industry, or even Industries by Occupation within a local region. From this Dashboard you can filter on Dollar Type, Data/Dollar Year, Occupation level, State, County, Aggregation Scheme, Industry and Occupation to get the following data tiles:

10 year Growth column chart: Industry/Occupation specific Wage and Salary Employment as well as Wage and Salary Income columns
10 year Growth column chart: Industry/Occupation specific Average Compensation per Hour and Average hours per Year columns
Quarterly Growth column chart: Industry/Occupation specific Wage and Salary Employment, Average Wage and Salary Income, and Average Wage and Salary Income per Hour columns
Top 10 Industries by Occupation: Top 10 Industries for an Occupation in a local economy by either Wage and Salary Income, Average Wage and Salary Income, or Average Wage and Salary Income per Hour
National Location Quotient column chart: National Location Quotients for Employment and Wage and Salary Income
Shift Share: 1 year growth effect for Total Employment, broken down by national growth effect, industry mix effect, and competitive share effect to measure Actual Employment growth