A U.S. Census Bureau worker helps collect data on horseback. Photo via fb.com
The majority of U.S. businesses should have now received their economic census forms from the U.S. Census Bureau. The completed forms are due by Feb. 12, unless an extension is filed.
The economic census data is collected twice per decade and covers more than 1,000 industries in all sectors of the private, non-farm economy.
The information gathered includes basic information on revenue, employment and payroll and industry-specific topics such as the products and services a business provides. The data creates a snapshot of the U.S. economy.
“The economic census provides accurate benchmark statistics that are fundamental building blocks of economic indicators, such as the gross domestic product, monthly retail sales and the producer price index,” said Thomas Mesenbourg, acting director of the Census Bureau. “Information about the economy available only from the economic census helps businesses plan and grow, and helps guide government policies.”
An advanced report of the census findings will be published in December 2013, with additional information released between 2014 and 2016.
The U.S. Census Bureau began mailing out forms to selected small companies and very large companies this fall. More than 4 million forms were been mailed to businesses in 2012.
Businesses can seek out help in filling out their forms at the newly created Census Bureau website. Additional information about using economic census data can be found at http://www.census.gov/econ/census/.