Implementing the North American Industry Classification System at BLS: this new classification system is a more viable way of classifying industries and tracking new businesses and changes in economic activity; however, the transition period may be challenging to both data collectors and data users. (Implementing NAICS at BLS).(Bureau of Labor Statistics) From: Monthly Labor Review | Date: December 1, 2001| Author: Walker, James A.; Murphy, John B. | COPYRIGHT 2001 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Recent years have brought many changes in the U.S. economy. The rapid development of telecommunications and the Internet are only two examples of an incredible continuing evolution and progressively changing business environment. Correspondingly, economists and statisticians are improving their tools for measuring the economy. One basic tool is the classification of businesses by industry. Since the 1930s, government statistical programs have published industry data based on the St...