Current Partnerships and Projects
The UCLA Anderson Forecast has partnered with Los Angeles Mayor Eric Garcetti’s office to help launch a new online open data portal called DataLA. DataLA serves as an economic health dashboard for the city. The initiative is a priority for the mayor and is aimed at creating transparency and accountability in city government.
“Our new Open Data portal gives residents access to the same information as their elected officials. With this new tool, academics, developers, journalists and anyone with an interest in Los Angeles can access a one-stop treasure trove of information that was previously scattered across city websites if it was available at all.”
- Mayor Eric Garcetti in an official statement for the May 31, 2014 launch.
The web portal contains up-to-date data on everything from jobs and the economy, to public safety, quality of life and government efficiency. As part of the DataLA project, which launched May 31, 2014, UCLA Anderson Forecast economist William Yu worked closely with the mayor’s team to develop the “UCLA Anderson Forecast Los Angeles City Monthly Employment Estimate,” which shows household employment and payroll employment data.
Yu’s work represents a breakthrough for analyzing employment data on the city level and serve as an alternative to commonly-reported figures from the California Economic Development Department (CA EDD), which calculate the city's share of county employment based on ratios from the 2000 Census. As census data becomes more dated over time, these figures become less accurate.
By comparison, UCLA Anderson Forecast examines the dynamic relationship between monthly Bureau of Labor Statistics surveys and Annual Census surveys over time between City and County and adopts an appropriate weighted moving average method to reduce measurement errors. As noted by the Forecast economists:
"Since the UCLA Anderson Forecast adopts newly updated information to estimate the household employment and unemployment rate, we believe that our estimate may better depict the state of the City’s economy than EDD’s number. As an example, in April 2014, EDD released data that shows the City’s non-seasonally adjusted unemployment rate to be 8.5% ... However, our estimate indicates a lower unemployment rate – 8.2%... In short, we find that the state of the City’s employment is better than EDD’s report suggests."
Through an analysis of the Index and the incorporation of the Index into other economic forecasting models, the Survey is designed to provide more accurate information on future office, retail and industrial space in major California geographical markets.
Read Press Release » View Current and Past Survey Results »
The UCLA Anderson Forecast has partnered with First 5 LA to create an index to measure and understand the current state of human capital in each metropolitan area and each county across the nation. The First 5 LA/UCLA Anderson Forecast City Human Capital Index was computed mainly based on the adult resident’s education attainment in major United States’ cities.
Originally launched in 2012, the groundbreaking First 5 LA / UCLA Anderson City Human Capital Index has since gone beyond measuring education levels to deeper levels of analysis that include the various ways human capital levels provide keys to Los Angeles’ chances for long term prosperity.
View Past Indexes »
The Ceridian UCLA Pulse of Commerce index was a textbook example of innovation and collaboration between academic research and business practice. Developed by UCLA Anderson Forecast Director Ed Leamer (in conjunction with economists at Charles River Associates), the PCITM utilized diesel fuel purchases by over the road truckers using a Ceridian payment card, provided by Ceridian’s Comdata subsidiary, at more than 7,000 truck stops and diesel fuel distribution stations across the country. The index captured in real-time the movement of raw materials, goods-in-process and finished goods to retailers, factories and consumers across the country. As soon as a payment card were swiped the transaction was authorized by and recorded in Ceridian’s system, ready for the numbers to be turned into knowledge.