How the Economic Census Helps Everyone
Why should you care about the economic census if you don’t own a business?
- The data produced from the economic census guides business decisions that affect you and the community you live in.
- Businesses use economic census data to decide where to locate (impact on services and local economy), how much to produce (impact on employment), and how their business compares to other businesses in their industry or community (impact on improvements).
- Local communities use economic census data to attract new businesses, assess the economic health of their localities, understand the characteristics of their business base and compare their community to other areas. Individuals can also use economic census data to identify emerging job markets and growing industries.
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America Counts: Stories Behind the Numbers
Census Count of U.S. Businesses: Why Responses Matter
Most people know that the U.S. Census Bureau measures the nation’s population once every 10 years. But fewer know that every five years, it conducts another important survey that measures the nation’s businesses to give us a comprehensive measure of U.S. economic activity across more than 21,000 geographic areas.
Letters for the 2022 Economic Census are scheduled to be mailed this week. The letters will explain how business respondents can fill out the 2022 Economic Census questionnaires online.
The 2022 Economic Census is conducted in 2023 but is based on 2022 data.
The statistics it collects will cover 19 economic sectors that encompass 950 North American Industry Classification System (NAICS) industries. Businesses asked to participate should respond by March 15, 2023.
Continue reading to learn more about:
- Who will receive the 2022 Economic Census
- The cornerstone of economic statistics
- The unique nature of the Economic Census
- How the Economic Census helps everyone
- An overview of the 2022 Economic Census
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Data released in late 2020 from the Census Bureau’s 2017 Economic Census of Island Areas show economies of these territories mirror the U.S. economy in many ways. |
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