Question

In: Economics

Participate in a discussion regarding labor market conditions. After reviewing the “EYE on Your Life” caption...

Participate in a discussion regarding labor market conditions. After reviewing the “EYE on Your Life” caption titled, Your Labor Market Status and Activity, on page 161 in the textbook, access the U.S. Bureau of Labor Statistics (BLS) Website, at www.bls.gov/sae/, to view employment rates within your place of residence. At the BLS State and Metro Area Employment, Hours, and Earnings website, scroll-down to the “Latest SAE News Releases” Section. Please select and review the most current “pdf” format report from the following categories: ? Metropolitan Area Employment and Unemployment ? Regional and State Employment and Unemployment Discuss and contrast how your Metropolitan Area and State employment and unemployment rates compared to the Rest of the U.S. by briefly summarizing the information within these categories. Such as, identifying the civilian labor force and unemployment rates, or unemployment rates significantly different from that of the U.S., or reviewing the charts at the end-of-the reports to determine where it might be easier to find a job.

Solutions

Expert Solution

The Current Employment Statistics (CES) program produces detailed industry estimates of employment, hours, and earnings of workers on nonfarm payrolls. CES State and Metro Area produces data for all 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, and about 450 metropolitan areas and divisions. CES National Estimates produces estimates for the nation.

Each month, CES surveys approximately 149,000 businesses and government agencies, representing 651,000 individual worksites.

Revision of NAICS for 2017
OMB published a notification of potential revision to NAICS for 2017 in a May 22, 2014,
Federal Register notice (79 FR 29626-29629). This notice solicited comments on: 1) new and
emerging industries for consideration in potential revisions to NAICS for 2017; 2) the electronic
dissemination of NAICS 2017; and 3) updating the structure of the oil and gas industries for
NAICS 2017. This notice also provided an update on the treatment of manufacturing units that
outsource all transformation activities. In addition, OMB published a notification regarding
implementation of the Factoryless Goods Producer (FGP) classification in NAICS 2017 in an
August 8, 2014, Federal Register notice (79 FR 46558-46559). This notice stated the directive
of the August 17, 2011, Federal Register notice (76 FR 51240-51243) was no longer in force, to
allow for additional research, testing, and evaluation of FGPs.
After considering all proposals from the public, consulting with a number of U.S. data users and
industry groups, and undertaking extensive discussions with Statistics Canada and Mexico's
Instituto Nacional de Estadística y Geografía (INEGI), the ECPC formulated a set of
recommendations for revisions to NAICS for 2017. OMB published a solicitation of public
comments on these recommendations in an August 4, 2015, Federal Register notice (80 FR 46480-
46484). After reviewing comments to that notice and conducting further consultation with data
users and industry groups, OMB decided to adopt the ECPC recommendations presented in the
August 4, 2015, notice. OMB published a notice of final decisions regarding NAICS revisions for
2017 in an August 8, 2016,

2017 NAICS United States Structure
U.S.
Detail
Same as
5-digit
Total
1 1 Agriculture, Forestry, Fishing
and Hunting
5 19 42 32 32 64
2 1 Mining, Quarrying, and Oil
and Gas Extraction
3 5 11 24 4 28
2 2 Utilities 1 3 6 10 4 14
2 3 Construction 3 10 28 4 27 31
31-33 Manufacturing 21 86 180 265 95 360
4 2 Wholesale Trade 3 19 71 0 71 71
44-45 Retail Trade 12 27 57 17 49 66
48-49 Transportation and
Warehousing
11 29 42 25 32 57
5 1 Information 6 11 25 12 19 31
5 2 Finance and Insurance 5 11 31 15 26 41
5 3 Real Estate and Rental and
Leasing
3 8 17 11 13 24
5 4 Professional, Scientific, and
Technical Services
1 9 35 20 29 49
5 5 Management of Companies
and Enterprises
1 1 1 3 0 3
5 6 Administrative and Support
and Waste Management and
Remediation Services
2 11 29 25 19 44
6 1 Educational Services 1 7 12 7 10 17
6 2 Health Care and Social
Assistance
4 18 30 16 23 39
7 1 Arts, Entertainment, and
Recreation
3 9 23 3 22 25
7 2 Accommodation and Food
Services
2 6 10 8 7 15
8 1 Other Services (except Public
Administration)
4 14 30 30 19 49
9 2 Public Administration 8 8 29 0 29 29
Total 9 9 311 709 527 530 1057


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