WorkforceGPS: the OI Economic Tracker, a daily picture of economic activity

Summary

A WorkforceGPS page describing the Opportunity Insights Economic Tracker, a platform that aggregates data from multiple sources to present a daily picture of economic activity. The interactive dashboard covers small business activity, employment and consumer spending, alongside education, public health and policy milestones, at granular geographic levels and by industry and income level. The page states that the tracker is designed to meet the immediate needs of federal, state and local policymakers and that the data are aggregated and de-identified. It names Opportunity Insights as the source.

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WorkforceGPS

The OI Economic Tracker is a unified platform that aggregates data from multiple sources to present a daily picture of economic activity. The interactive dashboard focuses on key economic indicators — including small business activity, employment, and consumer spending — alongside key contextual factors on education, public health, and policy milestones. Moreover, this data is provided at granular geographic levels and by industry and income level.

The OI Economic Tracker is designed to meet the immediate needs of federal, state, and local policymakers as well as other community leaders. Until now, elected officials have relied on survey-based data and government statistics with a lag time of up to several weeks. Although very valuable, these traditional metrics have shortcomings in assessing immediate economic shocks, like that resulting from COVID-19, when live information at a granular level is critical for shaping appropriate responses. The data reflected in the Opportunity Insights Economic Tracker are aggregated, de-identified, and do not reveal information about specific individuals, transactions, or businesses.

Each external organization that has contributed data to the OI Economic Tracker has done so with the explicit understanding that Opportunity Insights will use the contributed data in the Economic Tracker without precondition, subject to the data privacy standards set by data providers and any associated regulatory protections. The Opportunity Insights Economic Tracker is a freely available public good

Source: Opportunity Insights

More information: info@opportunityinsights.org

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