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M4430+02+NAICS+SIC

M4430+02+NAICS+SIC - Introduction to the North American...

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Introduction to the North American Industrial Classification System (NAICS) William Forrester, Ph.D.
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Objectives Introduce the Economic Census How data is collected How data is organized How data is used Structure of the SIC & NAICS systems Limitations of the systems Uses of public economic information Government Private Sector
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How is economic data How is economic data collected by the U. S. collected by the U. S. Government for Government for purposes of economic purposes of economic analysis? analysis?
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U.S. Bureau of the Census Demographic census of households every 10 years Economic census of businesses every 5 years Economic Surveys annually, quarterly, monthly More information at www.census.gov Census Basics Census Basics
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Economic Census Every 5 years (years ending in 2 & 7) Industry/product detail Detailed Geography Economic Surveys Annual, quarterly, monthly Limited detail Mostly national Surveys versus Census Surveys versus Census
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Treated as 8 separate programs $ Mineral Industries $ Construction Industries $ Manufactures $ Wholesale Trade $ Retail Trade $ Transportation, Communications, Utilities $ Finance, Insurance, Real Estate $ Service Industries Economic Census Economic Census
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Administrative records 3 out of 4 businesses Direct collection 97% of output Economic Census Economic Census Data Collection Data Collection
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Increasing Census Coverage Increasing Census Coverage
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How is this economic How is this economic data organized?
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