Profiling American Employers
The purpose of this page is to provide a top to bottom view of what it means to be a business operator in the United States. We will look at and drill into the types of businesses that people are running how many people they employ and how much they are paying their workers.
This is both a really interesting project for us to take on but it’s also a really important one. We see a lot of information on news and specifically financial news relating to “the jobs numbers”, but there’s little information beyond these top-level numbers.
See our Profile of American Employers
Our purpose in taking on this project is to delve into and drill into the details, the locations, types of industries – to help businesses. We will be pointing out both the hot growth spots as well as the areas where we see problems happening. We will be creating a picture of the data that we have at our disposal to highlight opportunities and risks encountered by all businesses all of the time.
Our first profile is going to start in the same place that all of these projects start in. We are going to be painting a picture of “what is the profile of an American Business”. The main reason for starting here is to provide context for the rest of the country. We will be quantifying and comparing each state and to the national averages, and will be comparing counties within states to the state averages. All of our data and articles will be inter-related and inter-linked with each other, so this will hopefully be a very interesting illustration of what it means to run a business in America.
What we DON’T want this to be is something that focuses on the negative, which is what many projects like this are about. Where are there unemployed people and what are those people. We “may” at some point add that into this project, but we are going to focus on the positive – run your business and here is some great information that may help you grow that business.
What will our profiles include?
We will start each profile off with a drill-down into what makes up the total business and employment picture within the region we are focusing on. We will drill in to:
- Government vs. Private Employers
- Goods Creating vs. Service Oriented Employers
- Company Size [based on # of employees]
- Employers by specific industry [various levels of detailed industry descriptions and profiles]
Our snapshots will illustrate and paint a picture of what things “look like” as of a point in time, but will also look at growth rates and patterns within the data. Much of the data that we are using as a source for this project comes from data that is freely available from the Bureau of Labor Statistics and is regularly updated by a team of people. Some of this data is updated and is available on an Annual basis, while much of it is updated on a Quarterly basis, but not all of it.
We will be launching the project in the next few days and will include a link here to the National level profile, which will in turn link to all of the states which will in turn link to the counties – and so on.
The size of a company are aggregated into the following groupings:
- Under 5 employees
- 5 to 9 employees
- 10 to 19 employees
- 20 to 49 employees
- 50 to 99 employees
- 100 to 999 employees
- 1000 or more employees
When we discuss ‘small companies’ we will typically be talking about companies that employ fewer than 50 employees. When discussing ‘mid-sized companies’, we will typically be covering companies that employ 50-999 employees. When discussing ‘large’ companies’ we will be referring to companies employing 1000 people or more.
We will be using the NAICS (North American Industry Classification System) that was implemented by the BLS in 1990 to replace the SIC (standard industry code) system used for decades by the government. The NAICS has gone through a couple of changes since its implementation, but it’s currently the reporting system that drills into the most detail for this subject, so we will be using it.
The 2-digit NAICS codes for industries are:
- 11: Agriculture, forestry, fishing and hunting
- 21: Mining, quarrying, oil & gas extraction
- 22: Utilities
- 23: Construction
- 31-33: Manufacturing
- 42: Wholesale trade
- 44-45: Retail trade
- 48-49: Transportation & warehousing
- 51: Information
- 52: Finance and insurance
- 53: Real Estate, rental and leasing
- 54: Professional and technical services
- 55: Management of companies
- 56: Administration and waste services
- 61: Educational services
- 62: Health care and social assistance
- 71: Arts, entertainment and recreation
- 72: Accommodation and food services
- 81: Other services [except public administration]
- 99: Unclassified