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Business Employment Dynamics: State and County Data

Business Employment Dynamics: State and County Data. David M. Talan ALMIS Database Seminar San Diego, CA August 16, 2005. Preliminary BED State Data Available. New data product Total private data: 1992-2004 Seasonally adjusted NAICS sector data: 1998-2004 Unadjusted.

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Business Employment Dynamics: State and County Data

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  1. Business Employment Dynamics: State and County Data David M. Talan ALMIS Database Seminar San Diego, CA August 16, 2005

  2. Preliminary BED State Data Available • New data product • Total private data: 1992-2004 • Seasonally adjusted • NAICS sector data: 1998-2004 • Unadjusted

  3. Business Employment Dynamics: Concepts • New data highlight employment gains and losses from business: • Openings • Closings • Expansions • Contractions

  4. Business Employment Dynamics: Concepts • BED data are compiled from records 6.5 million private sector business establishments from the QCEW program • BED reveals the dynamics of the labor market. • BED data show gross flows as well as net employment changes.

  5. Business Employment Dynamics: Methods • Establishments are linked longitudinally • Linkages address mergers, acquisitions, and spin-offs, etc. • 450 million quarterly records and growing

  6. Uses of Business Dynamics Data Business Dynamics data will help: • Assess the employment dynamics of the business cycle • Provide new indicators on the health of the labor market • Highlight the forces behind the net changes of employment

  7. BED—Filling a Data Gap • The BED has generated excitement in the user community as it fills in a data gap: “The new Employment Dynamics data produced by BLS demonstrate quite clearly that new jobs appear even at the same time that other jobs disappear—and in the same industries.”—Janet L. Norwood, Committee on National Statistics, October 28, 2004

  8. Uses of State and Local BED Data • Compare BED data geographically • Identify troubled industries by measuring closing and declining businesses. • Identify growth industries by measuring openings and expanding businesses. • Support existing LMI data

  9. Uses of State and Local BED Data • Measure effectiveness of incentive programs: • business development zones • small/minority business development programs • loans/grants programs • Identify growth areas

  10. Challenges for Publishing State and County BED data • Predecessor / Successor relationships • State systems edits and linkages • Tools needed for State review • Non-disclosure for county data?

  11. State Role in Publishing BED Data • Focus Edits on P/S Review • Imputations • Use Wage Record Editing Tool • Validate State BED data

  12. Summary • Preliminary State BED are available for review and use • Working together we can solve these publication challenges • BED is a new paradigm in labor market analysis

  13. BED References • Web: www.bls.gov/bdm • Email: bdminfo@bls.gov

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