January 16, 2002 (The Editor’s Desk is updated each business day.)
First glimpse at NAICS data
In the fall of 2002, the Bureau of Labor Statistics will release industry employment, wages, and establishment count data for 2001 based on the North American Industry Classification System (NAICS) structure.
[Chart data—TXT]
The NAICS employment data above are based on preliminary private sector U.S. totals for the first quarter of 2001.
NAICS uses a production-oriented approach to categorize economic units. Units with similar production processes are classified in the same industry. Thus, NAICS focuses on how products and services are created, as opposed to the Standard Industrial Classification (SIC) focus on what is produced.
The NAICS approach yields significantly different industry groupings than those produced by the SIC approach.
The new NAICS industrial groupings, which better reflect the workings of
the U.S. economy, will help data users track specific industries and
analyze the effects of changes in industrial production processes.
These data are a product of the Covered
Employment and Wages program. Additional information is available from
"A first look at employment and wages using
NAICS," by David R.H.
Hiles, Monthly Labor Review,December 2001.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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