Scorelogix Issue 9 2012 Construction Job Security Index Report
- ID: 2315160
- October 2012
- 8 Pages
Scorelogix launched the Construction Job Security Index starting from March 2008. The Construction Job Security Index™ is a measure of job security in the Construction Industry. Higher scores indicate higher levels of job security.
Every month, Scorelogix® produces the Scorelogix® Job Security Index, a snapshot of the nation’s job security level, by location, occupation, and industry. Launched in March 2004 and published monthly since February 2006, the Scorelogix® Job Security Index is based on an analysis of thousands of Job Security Scores for individuals across the nation and represents how economy, technology, international trade and competition, outsourcing, etc, impact jobs and job security.
Founded in 2003, Scorelogix is a data analytics and predictive modeling company and offers proprietary solutions for risk mitigation and revenue maximization. Scorelogix’s cutting-edge, patent-pending algorithms and risk solutions help lenders minimize credit risk and losses and allow marketers reduce to solicitation costs and maximize revenues. Scorelogix is a pioneer and industry leader in predicting consumer income stability/risk, job security, and affordability. Scorelogix solutions increase profitability for credit unions, marketers, credit card issuers, banks and insurances and many others.
Scorelogix’s list of innovative products include the Job Security Score, Job Security Index, Income Stability Score, Debt Collectability Score, Unemployment Rate Index, and the Local Economic Health Index. Scorelogix's invention, the Job Security Score™ (JSS), is a better predictor of consumers' ability to pay than credit bureau scores, the Income Stability Score™ (ISS) is a better customer targeting tool, and the Debt Collectability Score™ (DCS) is a better tool for increasing collections effectiveness. Scorelogix's proprietary ZIP level economic indicators - the Local Economic Health Index™ (LEHI), Job Security Index™ (JSI), and the Unemployment Rate Index™ (URI) - uniquely measure economic activity for every ZIP. SHOW LESS READ MORE >
1. Job Security Index (Construction Industry) highlights
2. Job Security Index Summary
3. Construction Job Security Index in Census Divisions
a. Scorelogix Construction Industry Job Security Index
b. Scorelogix Construction Industry Job Security Index Monthly Change
c. National and Construction Job Security Index
a. Top 10 States by Construction Job Security in August
b. Bottom 10 States by Construction Job Security in August
c. Census Division Construction Job Security in August
6. About Scorelogix Construction Job Security Index™
7. About Scorelogix Job Security Score™
8. About Scorelogix
The Scorelogix® Construction Job Security Index™ increased by 44.7% or 38.7 points in September 2012 compared to August 2012. After the sharp increase last month, the index continued the rising trend this month which accords with Scorelogix August prediction. Based on the trends in previous years, Scorelogix forecasts that this sector will continue to increase in the foreseeable future.
The sector has seen increased recovery due to government spending on infrastructure in the second half of 2011. However, the seasonal pattern in the construction sector naturally leads to lower demand in winter seasons. So historically, this index has had its worst figures from January to March every year and then recovered later in April or May and then kept growing in the months afterwards. Therefore, Scorelogix predicts the sector to experience positive growth in the next 2 to 3 months.
Monthly updates of the Scorelogix Construction Job Security Index, the Scorelogix National Job Security Index and Job Security Indexes for selected industries may be purchased individually or by subscription. Custom reports for specific geographic regions and other industrial groups down to the zip code level can also be purchased.