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The Economic Census, see how it adds up.

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Posted by: Unknown on Monday, May 7, 2018 at 8:30:00 am

The U.S. Census Bureau measures the nation’s population once every 10 years.

It also measures U.S. businesses every 5 years with the economic census.

  • The economic census is the most comprehensive measure of the U.S. economy, providing

industry and market statistics at the national, state and local levels.

  • The next economic census will be conducted in the second quarter of 2018 with companies

reporting their 2017 year-end numbers. The economic census is the official five-year

measure of American businesses collected for years ending in “2” and “7.”

  • Economic census data serve as the foundation for the gross domestic product (GDP) and

other leading economic indicators for the nation. These statistics are also used by trade

associations, economic development agencies, governments and individual businesses for

business decisions and policymaking.

 

The economic census gives businesses the information they need to make

informed decisions that affect the health of America's economy. To reduce the

burden on the business community, not all companies receive the economic

census.

  • The economic census is not sent to businesses without paid employees.
  • Less than 4 million of the nearly 8 million employer businesses are required to respond to

the economic census, including those located in the U.S. territories.

  • Administrative records data will be used in lieu of direct reporting for more small

businesses than ever before. Administrative data are available for key data items, such as

revenue, payroll, employment and inventories.

  • Account managers are assigned to the largest companies, representing nearly 25 percent of

establishments.

 

Please respond to the economic census by June 12, 2018.

Your business’ response is required by law (Title 13, U.S.

Code).

  • Federal law protects your economic census responses. Your

answers can only be used to produce statistics.

  • Responses are confidential. Company data are used for statistical

purposes only. The Census Bureau is required by law to keep

information private and secure.

  • Response to the economic census is required by law (Title 13, U.S.

Code).

  • This is the first ever all online economic census collection. Online

reporting is easy, improves accuracy, and reduces cost and

processing times.

  • One exception — small companies located in U.S. territories will

have a paper option available, including a Spanish version for

Puerto Rico.

  • The economic census asks companies to report information for

each location, including employment, payroll, and value of goods

or services produced in 2017. Questions are tailored by industry

and size.

  • For secure online reporting, instructions and a unique company

code will be provided to respondents by the Census Bureau via

official U.S. mail. Respondents will be instructed to set up an

  • online account on the secure website to complete the survey

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