Economic Indicators Dashboard Unveiled

August 25, 2016

 

San José Launches Economic Indicators Dashboard

 Online, interactive access to economic data and trends will be updated quarterly

SAN JOSE, Calif. – You can now find current and trending economic information about San José jobs, talent, real estate and housing with a new interactive dashboard highlighting key economic indicators that is available at sjeconomy.com/indicators.

The San José Office of Economic Development developed the dashboard to provide frequently requested economic data about the city conveniently to the public. The new dashboard provides both a quick snapshot of the San José economic environment, and it allows users to explore richer interactive charts and trend data.

“We believe that this user-friendly presentation of significant economic indicators will be useful to a wide range of San José stakeholders,” said Kim Walesh, OED director.

OED selected the four sets of economic indicators based on the information’s relevance to local business and policy-makers:

  • Jobs – describes current availability of jobs, the unemployment rate, and the size of the local labor force.
  • Talent – provides insights into the demographics of the San José labor force.
  • Real Estate – vacancy rates in office space, R&D space, and industrial space
  • Housing – apartment rents, vacancy rates, and home sale prices

OED will update the data in the dashboard at least quarterly from multiple sources and will issue notices of major data releases as they occur. The city also will be regularly blogging on the trends and issues revealed by the dashboard.  The OED blog is at sjeconomy.com/blog.

“We respond every day to data requests from elected officials and city departments, news media, policy makers, developers, not-for-profits, academic researchers, and corporations,” said Walesh. “This dashboard will help us both meet these needs for current and accurate data and communicate the City’s economic status.”

The data comes from multiple public agencies, third-party data services, and other city departments, and all data sources are listed on the dashboard. Additional indicators may be added in the future depending on stakeholder input and data availability.

An important function for the dashboard is to differentiate between the city of San José and the frequently studied but larger San José Metropolitan Statistical Area that also includes Santa Clara County and San Benito County.

“The San José statistical profile sometimes differs from that of the larger Silicon Valley area, so we separate it out to better support effective policy making and operational priorities for our community,” Walesh said.

The Economic Indicators Dashboard project is aligned with the San José Smart City Vision and leverages the City’s Open Data Policy.

The dashboard was developed by a team of community volunteers from the Code for San José brigade.  Code for San José is an all-volunteer organization that promotes open data, develops civic apps, and organizes events to connect residents with local government.

About San José Office of Economic Development

The San José Office of Economic Development is committed to a vital, competitive San José economy that increases prosperity for people and companies. OED guides the city’s economic strategy, provides assistance for business success, connect employers with trained workers, and provides art and cultural resources to our community. For more information, go to sjeconomy.com.

 About City of San José

San José, Capital of Silicon Valley, is the largest city in Northern California and the 10th largest city in the nation, with an ethnically diverse population of more than one million. San José was founded in 1777, once served as the state capital of California, and encompasses 180 square miles. The City’s website is sanjoseca.gov.

About Code for San José

Code for San José was launched in March 2014 and is a Code for America brigade, a group of volunteers who are passionate about using their skills to advance civic innovation in San José. Members represent a range of skill sets and interests spanning the high tech, local government and non-profit sectors. Code for San José members promote civic innovation by developing useful civic apps, data visualizations and other tools, and they advocate for open data, open government best practices, and local open data policies. For more information go to: codeforsanjose.com/

 

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This news release is available at www.sanjoseca.gov