Data and Sources

Introduction to EntrepreneurshipClass Presentation: UNM Gallup Campus

October 4, 2010Kevin Kargacin

University of New MexicoBureau of Business and Economic Research

e-mail: kargacin@unm.edu Phone: 505-277-3038

Major Economic Data Topics

Employment and wagesLabor force and unemploymentPersonal incomeSalesBusiness statistics

NAICS TerminologySector 2-Digit CodeSubsector 3-Digit CodeIndustry Group 4-Digit CodeNAICS Industry 5-Digit CodeUS Industry 6-Digit Code

BackgroundIndustry Coding Schemes

BackgroundIndustry Coding Schemes

NAICS ExampleCode Description Term 44-45 Retail Trade Sector451 Sporting Goods, Hobby, Book & Music Stores Subsector4512 Book, Periodical & Music Stores Industry Group45121 Book Stores & News Dealers NAICS Industry451211 Book Stores US Industry

BackgroundIndustry Coding SchemesNAICS SectorsCode Description11 Agriculture, Forestry, Fishing & Hunting21 Mining22 Utilities23 Construction31-33 Manufacturing42 Wholesale Trade44-45 Retail Trade48-49 Transportation & Warehousing51 Information52 Finance & Insurance53 Real Estate & Rental & Leasing

BackgroundIndustry Coding SchemesNAICS Sectors (continued)Code Description54 Professional, Scientific & Technical Services55 Management of Companies & Enterprises56 Administrative & Support, Waste Management &

Remediation Services61 Educational Services62 Health Care and Social Assistance71 Arts, Entertainment & Recreation72 Accommodation & Food Services81 Other Services92 Public Administration

Key Economic Data SourcesEmployment & WagesNM Dept. of Workforce Solutions

Labor Market Information (static tables)http://www.dws.state.nm.us/dws-lmi.html

Quarterly Census of Employ. & Wages (QCEW, jobs by sector): state & cos.Tables B & D (jobs by sector): state & countiesCurrent Employment Statistics (CES, jobs by sector): state & metrosWages by occupation (wage delivery system): state, metros, & WIAs

LASER (interactive site)http://laser.state.nm.us/

Create customized tables in Excel for above topics and more

Key Economic Data Sources

Labor Force & UnemploymentNM Dept. of Workforce Solutions

Labor Market Information (static tables)http://www.dws.state.nm.us/dws-lmi.html

Tables A & C: state, metros & counties

LASER (interactive site)http://laser.state.nm.us/

Create customized tables in Excel for above topic and more

Key Economic Data Sources

Personal IncomeUS Bureau of Economic Analysis

State and Local Area Personal Income: state, metros & cos.

http://www.bea.gov/regional/index.htm#state

Earnings by sector, and total dividends, interest, rent & transfers

Profiles with average and per capita data

Key Economic Data SourcesSalesNM Taxation & Revenue Dept.

Tax Statshttp://www.tax.newmexico.gov/Pages/TRD-Homepage.aspxGo to “Tax Library” and then “Economic & Statistical Information”

Gross receipts taxes—RP 80 by NAICS Code (2-digit sectors by quarter, detailed sectors by month): state, counties & cities

UNM Bureau of Business and Economic ResearchGross Receipts Fileshttp://bber.unm.edu/econ/grrec.htm

NM Tax & Rev. gross receipts, detailed sectors by quarter: state, counties & cities

Key Economic Data SourcesBusiness StatisticsUS Census Bureau

Economic Census: 5-Year Census http://www.census.gov/econ/census07/index.html

Establishment counts, employment, payroll and sales by detailed industry for yrs. ending in “2” and “7” (2007 is latest): geography varies

Nonemployer Statistics: Annual Surveyhttp://www.census.gov/econ/nonemployer/index.html

Firm counts and receipts for small businesses (those without a payroll): state, metros and counties

County Business Patterns: Annual Surveyhttp://www.census.gov/econ/cbp/index.html

Establishment counts, payroll & employment: state, metros, cos. & zips

Key Economic Data Sources

Census Bureau Business StatisticsAmerican FactFinder—Economic Census and Annual Economic Surveyshttp://factfinder.census.gov/

Key Population Data SourcesPopulation TotalsUS Census Bureau

Population Estimateshttp://www.census.gov/popest/estbygeo.html

Annual total estimates for states, counties and cities

UNM, Bureau of Business and Economic ResearchPopulation Estimates and Projectionshttp://bber.unm.edu/demograp2.htm

UNM-GPS annual total county estimates and 5-yr. county projectionsCensus Bureau estimates for states, counties and cities

Key Population Data SourcesDemographic & Socioeconomic CharacteristicsUS Census Bureau

American Community Survey (ACS)http://factfinder.census.gov/

Detailed socioeconomic data (income, education, housing & more) Currently 2009 annual data for areas with at least 65,000; and 2006-2008 3-yr period estimates for areas with at least 20,000, updated in Jan. 2011 for the 2007-2009 3-yr period.Beginning December 2010, 5-yr. average data over 2005-2009 for areas as small as neighborhoods

UNM, Bureau of Business and Economic ResearchAnnual Estimates with Demographic Characteristicshttp://bber.unm.edu/demo/coestchar.htm

Census Bureau county estimates by age, sex, race, and Hispanic ethnicity

NM Dept. of Workforce Solutions Web Sites

Labor Market Information (static tables)http://www.dws.state.nm.us/dws-lmi.html

LASER (interactive site)http://laser.state.nm.us/

U.S. Dept. of Commerce

Bureau of Economic Analysis

State and Local Area Personal IncomeRegional Economic Accounts

http://www.bea.gov/regional/index.htm#state

U.S. Census Bureau

American FactFinderEconomic Census

http://factfinder.census.gov/