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Written by: Dr. Ron Jarmin, Deputy Director and Chief Operating Officer
Serving as the cornerstone of the nation?s economic statistics, the economic census is the most comprehensive measure of our nation?s economic activity. Every five years (for years ending in 2 and 7), the U.S. Census Bureau gathers data about America?s businesses, the jobs they support, and the trillions of dollars of goods and services they produce.
We just completed data collection for the 2022 Economic Census which began in January with companies reporting their 2022 year-end numbers. As we wrap up this phase of the economic census, I?d like to thank all the businesses, large and small, that took the time to respond to the 2022 Economic Census. Your responses make a difference.
The economic census helps every American, especially businesses that rely on high-quality data. It provides national, state and local statistics that businesses and local communities use to understand the structure and evolution of markets, industries and local economies.
But data users also benefit from the economic census indirectly as it?s a critical input to many other statistical products produced by the Census Bureau, the Bureau of Economic Analysis and the Bureau of Labor Statistics, including Gross Domestic Product (GDP), productivity and producer prices. Continue reading...
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