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1 The Economic Census and You. 2 What Users Need to Know Economic Census Overview and uses How the data are classified (NAICS) How the data are published.

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Presentation on theme: "1 The Economic Census and You. 2 What Users Need to Know Economic Census Overview and uses How the data are classified (NAICS) How the data are published."— Presentation transcript:

1 1 The Economic Census and You

2 2 What Users Need to Know Economic Census Overview and uses How the data are classified (NAICS) How the data are published (1997 / 2002) Working with the data Local data from current programs

3 Economic data collected from businesses Demographic data collected from households Census Terminology

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5 Advance Monthly Retail Sales Manufacturing and Trade: Inventories and Sales Monthly Wholesale Trade Manufactures Shipments, Inventories and Orders - Quarterly Services Survey [NEW] Housing Starts Value of New Construction Put in Place Housing Completions New Homes Sold and for Sale US International Trade in Goods and Services Quarterly Financial Report (two releases) Housing Vacancies Principal Economic Indicators

6 Surveys vs Census Economic Census Every 5 years (years ending in 2 & 7) Industry/product detail Detailed Geography Economic Surveys Annual, quarterly, monthly Limited detail Mostly national

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8 The Economic Census is indispensable to understanding Americas economy… --Alan Greenspan, Chairman, Federal Reserve Board of Governors

9 9 Public Sector Uses Benchmarking Tracking economic change Attracting new businesses Assisting business development

10 Sound and timely economic data are the fuel that powers business decision making… --Thomas J. Donohue, President, United States Chamber of Commerce

11 Private Sector Uses Study your industry Market share Product trends Strategic planning Whats my share? How does my firm compare?

12 Private Sector Uses Study your industry Market share Product trends Strategic planning Study business markets Site locations Sales territories Forecasting sales Where are my customers? suppliers? competitors?

13 Private Sector Uses Study your industry Market share Product trends Strategic planning Study business markets Site locations Sales territories Forecasting sales Evaluate investments Estimate market size Data for loan applications

14 14 Economic Census Coverage Sector contribution to GDP

15 15 Economic Census Coverage

16 Increasing Census Coverage

17 Administrative records 3 out of 4 businesses Direct collection 97% of output Economic Census Data Collection

18 18 Industry Classifi- cation

19 Economic Census Table Data classified by industry

20 Standard Industrial Classification System Developed in 1930's Updated every years Dominated by manufacturing SIC

21 NAICS North American Industry Classification System

22 NAICS North American Industry Classification System

23 New Numbering System Example DescriptionCodeLevel Information51 Sector Broadcasting (except Internet) 515 Subsector Radio and Television Broadcasting 5151 Industry Group Radio Broadcasting Industry Radio Stations U.S. Industry

24 24 NAICS Sectors 11 Agriculture, Forestry, Fishing, and Hunting 21 Mining 22 Utilities 23 Construction Manufacturing 42 Wholesale Trade Retail Trade Transportation and Warehousing 51 Information 52 Finance and Insurance 53 Real Estate and Rental and Leasing 54 Professional, Scientific and Technical Services 55Management of Companies and Enterprises 56 Administrative and Support and Waste Management and Remediation Services 61 Educational Services 62 Health Care and Social Assistance 71 Arts, Entertainment and Recreation 72 Accommodation and Food Services 81 Other Services (except Public Administration) 92 Public Administration

25 New Sectors SIC DivisionNAICS Sector Transportation, Communications, and Utilities Utilities Transportation and Warehousing Finance, Insurance, Real Estate Finance and Insurance Real Estate and Rental and Leasing Retail Trade Accommodations and Food Services Service Industries Professional, Scientific, and Technical Svc Administrative & Support and Waste Management & Remediation Svcs Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Information

26 New Sectors SIC DivisionNAICS Sector Transportation, Communications, and Utilities Utilities Transportation and Warehousing Finance, Insurance, Real Estate Finance and Insurance Real Estate and Rental and Leasing Retail Trade Accommodations and Food Services Service Industries Professional, Scientific, and Technical Svc Administrative & Support and Waste Management & Remediation Svcs Educational Services Health Care and Social Assistance Arts, Entertainment, and Recreation Information

27 27 Accommodation and Food Services Accommodation and Food Services Created from Service Industries Hotels and other lodging Retail Trade Eating and drinking places

28 28 Retail vs Wholesale Wholesale Trade Sells to business Office or warehouse Advertise to trade Display little or no merchandise Retail Trade In SIC Sells to consumers In NAICS Location attracts public Advertise to public Display merchandise

29 Two Views of 1997 Retail Trade

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31 Establishment A store, warehouse, factory, etc. at a single physical location

32 Company One or more establishments under common ownership or control

33 NAICS Manual Definition for each industry Definition for each industry Alphabetic index Alphabetic index Correspondence tables Correspondence tables 2002 Edition NAICS02 to NAICS97 NAICS97 to NAICS Edition NAICS97 to SIC SIC to NAICS97 In print and at

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35 Brie between NAICS and SIC

36 36 Assembling Time Series SIC (1997) NAICS

37 Changes for NAICS 2002 SectorType of changeNew industries ConstructionMajor changesResidential remodelers Wholesale TradeSeparated Agents and Brokersaffects all industries Wholesale electronic markets Retail TradeSubdivided 2 industries Discount dept stores Electronic shopping Electronic auctions InformationRenumbering Moved Internet Internet publishing and broadcasting

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43 Economic Census Products

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47 Industry Series Goods-producing Construction, Mining, Manufacturing Separate reports for each 6-digit industry Incl. products and materials National, limited state data Service-producing Sectors 22, 42 to 81 New for 2002 Reports for groups of industries Includes products National data only

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52 Economic Census Geography U.S. States Metro areas Counties Places of 2,500+ Inhabitants ZIP Codes

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54 Likely Sequence of States

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56 Comparative Statistics Economy-wide For 1997, shows SICs by State For 2002, will show NAICS97 by State No substate geography

57 Bridge between NAICS and SIC 2002: Bridge between NAICS 02 and NAICS 97 National data Basis for converting other data

58 Subject Reports Separate reports for each sector In service-producing sectors Product lines state data for many industries Metro data for wholesale, retail, accommodations only Establishment and firm size Miscellaneous subjects limited state data

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60 E-Commerce Statistics New for 2002 Economy-wide, 3-digit NAICS Includes sales via Internet and other U.S., state data

61 ZIP Code Statistics Primarily establishment counts by size Not in print or PDF

62 ZIP Code Statistics Scope: Selected sectors only

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64 Nonemployer Statistics Businesses w/o paid employees account for 70% of all businesses 3.5% of all sales Excluded from other census reports U.S., State, county & metro data Updated annually

65 Other Reports Censuses of Island Areas Business Expenses Survey of Business Owners

66 66 Women Black Hispanic American Indians and Alaska Natives Asians and Pacific Islanders Minority Summary Company Summary Survey of Business Owners Formerly the surveys of Minority- and Women-Owned Business Enterprises

67 SBO includes Nonemployers All Firms includes employers and nonemployers Most census figures limited to Firms with paid employees

68 SBO Report Schedule

69 New name: Survey of Business Owners Race counts will include multi-race Classification by NAICS New owner characteristics: age, education, hours worked, disability New business characteristics: home-based, family-owned, franchising, year started, financing Whats New for 2002

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72 72 Whats New for 2002? NAICS –New industries –Fewer out-of-scope industries Industry Series for service sectors E-Commerce Expanded Survey of Business Owners American Factfinder & CD-ROM features converge Micropolitan Statistical Areas

73 1997 Metropolitan Areas

74 2002 Metropolitan Areas

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81 The Economic Census: Accessing the Data

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96 96 Media Conventional Printed reports (only a few) PDFs on the Internet Print-on-Demand reports Databases On CD-ROM (1997) or DVD-ROM (2002) On Internet--via American Factfinder Drill-down tables on the Internet

97 97 American FactFinder and DVD-ROM Free No waiting for a new disc No installation Works with UNIX and Mac, not just Windows No internet hookup Faster retrieval Extra functionality More export formats flat ASCII, dbf, 123 No limits on exports Includes 97 SIC data Includes 97 ZIP data AFF Advantages CD / DVD Advantages

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124 Census Economic Data for Local Areas 5-year intervals –Economic Census –Survey of Business Owners Annual –County Business Patterns –Nonemployer Statistics –Annual Survey of Manufactures –Statistics of U.S. Business

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130 County Business Patterns P reported by 1997 NAICS P2003 and future - reported by 2002 NAICS Establishments, employment and payroll No sales or receipts

131 Annual Survey of Manufactures Establishments with paid employees

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133 Provide feedback via a PDF of this session is available at: -or-

134 Bob Coats (919) North Carolina State Data Center N.C. Office of State Budget & Management


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