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America Counts: Stories Behind the Numbers
Exploring New Frontiers With the Quarterly Workforce Indicators
The “space economy” continues to soar and younger workers are fueling the industry’s upward trajectory.
The extraterrestrial industry accounted for $142.5 billion (0.5%) of U.S. GDP in 2023, combining activities from the Manufacturing, Transportation, and Information sectors, including Satellite Telecommunications and Guided Missile and Space Vehicle Manufacturing.'
The U.S. Census Bureau released today the first ever Quarterly Workforce Indicators (QWI) at the national industry level. These data will allow users to view and download economic indicators such as employment, job creation, earnings and other measures of employment flows for six-digit North American Industry Classification System (NAICS) codes.
This level of detail opens new paths for analyzing parts of the economy that cross industry groups and provides unprecedented detail on the inner workings of our economy. The powerful new data enable us to boldly go where no one has gone before when examining this workforce of the future.
Continue reading to learn how the space economy impacts GDP and is increasingly driven by younger workers.
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