Census Bureau Releases 2021 Nonemployer Statistics
The U.S. Census Bureau today released the 2021 Nonemployer Statistics (NES). This annual series provides subnational economic data for businesses that do not have paid employees or payroll and are subject to federal income tax.
The data consist of the number of nonemployer businesses and total receipts. The data are available for approximately 470 industries at the national, state, metropolitan and micropolitan statistical area, combined statistical area and county geography levels. The statistics are also published by Legal Form of Organization (national and state only) and by receipts size class (national only).
NES data originate from business income tax records the Internal Revenue Service provides to the Census Bureau. The data are subject to nonsampling error (such as errors of self-classification by industry on tax forms) as well as errors of nonreporting and coverage. Receipt totals are slightly modified by disclosure avoidance methods used to protect confidentiality. All dollar values are expressed in current dollars, i.e., they are not adjusted for price changes.
 Business Trends and Outlook Survey Data Release
The U.S. Census Bureau today released new data products from the Business Trends and Outlook Survey (BTOS), a survey that measures business conditions and projections on an ongoing basis. The BTOS now includes data for multiunit/multilocation businesses. BTOS will continue to collect data complementary to key items found on other Economic surveys, such as revenues, employees, hours, and inventories. Content inquiring about the use of artificial intelligence or the plan to use artificial intelligence is now available. Additional details on artificial intelligence use and types used will be added for one cycle starting December 4 and released in March 2024. Content is available here: BTOS Content V2 Supplement 11.29.2023_Watermarked.pdf (census.gov)
BTOS data are representative of all employer businesses in the U.S. economy, excluding farms. BTOS provides insight into the state of the economy by providing continuous, timely data for key economic measures every two weeks. By providing continuous data with geographic and subsector detail, BTOS captures the impact of events like natural disasters and economic crises, and assists in monitoring recovery efforts.
|
