Local Employment Dynamics (LED)

Local Employment Dynamics (LED) is a data-driven approach that helps to understand how employment changes within a specific area over time. It analyzes patterns such as job creation, job loss, worker mobility, and industry shifts at the local level. By using detailed data sources like tax records and unemployment claims, LED provides insights into the health of local labor markets, allowing policymakers, businesses, and researchers to make informed decisions about economic development, workforce planning, and resource allocation. Essentially, it offers a clear picture of employment trends within communities.