April Job Security Index at 140.3, up 3.7%
 
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Job Security Index
Why Job Security Score | Income Loss & Credit Risk | Job Score & Consumer Behavior | Job Score & Credit Risk
Job Score vs. Credit Score | Job Score Validation | For Credit Card Industry | Auto Finance Industry
For Mortgage Industry | For FIs and Insurances | For Banks & Brokerages | For Direct Marketers
For 3C Companies
Job Score Predicts Consumer Behavior
 
Scorelogix helps businesses know their customers better
 
The average consumer today is more financially stretched than ever. This fact is evidenced by record-low personal savings rates, mounting household debt, and rising debt service obligations. Even a short stint of unemployment for an individual can severely curtail their ability to meet all of their financial obligations.
 
Yet even in this new environment, almost all businesses rely primarily on credit bureau scores to predict their customers' financial risk and payment-default risk related to their products and services.
Scorelogix quantifies job loss risk.
 

Scorelogix helps businesses understand and quantify their customers’ risk of unemployment with Job Security Score™, the cutting-edge, patent-pending risk scoring model and technology available only from Scorelogix.

Every month, Scorelogix computes a personal Job Security Score for every worker in the US labor force of 150 million people. This score represents a prediction of an individual's likelihood of becoming unemployed, which in turn indicates the probability of income loss, a clear indication of the individual's future financial risk.

Job loss occurs as the result of a complex mix of economic factors. Even customers with impeccable credit histories have little control over their risk of losing their jobs due to these extrinsic factors beyond their control. Since a majority of delinquencies and consumer bankruptcies happen because of unemployment, businesses that use Job Security Score make a much more sophisticated and accurate prediction of their customers’ levels of financial risk.

Businesses benefit greatly by incorporating Job Security Scores in their decision criteria while evaluating product offerings and services to individuals. Job Security Score gives businesses an edge in accurately forecasting customer's credit risk, lifestyle or financial behavior—resulting in increased revenues and decreased losses. Businesses benefit by gaining faster, more accurate, superior and easier ways to find, approve and retain the right customers. Businesses can enhance their revenues and profitability through development of better customer targeting and loss-prevention strategies incorporating Scorelogix's unemployment risk scoring solutions.

 
Job Security Score = Predictive Power
 

Scorelogix knows unemployment risk. Our superior understanding of employment and job loss risk is based on our continuous research and analysis of the supply and demand factors affecting individuals’ job loss risk—both those unique to the individual’s profile and the macroeconomic variables affecting their specific job. Scorelogix’s advanced knowledge and forward-looking analytical abilities extend across all sectors of the economy and geographic employment markets. In fact, every month, Scorelogix measures the unemployment risk of every single worker in the US economy.

Our approach is simple. Job Security Score is based on real-world data and real economic principals, not speculation, murky models, or guesswork. Combined with our underlying research, proprietary data, and modeling techniques, the same principals which drive Job Security Score are the same core concepts that power our monthly Job Security Index, Re-employability Score for unemployed job seekers, and advanced customer guidance on unemployment duration, unemployment frequency, and a range of other issues.

Scorelogix continuously updates and validates our analytical methods, our data sources, and the performance of our products including Job Security Score. We do this monitoring real individuals in the workforce over time and measure their employment and unemployment experience against our predictions. Job Security Score is consistently proven in its ability to predicatively measure unemployment risk at the individual level.

 
     
 
  Income Loss & Credit Risk | Job Score & Credit Risk