By: Janet Harrah
The business press tends to focus on the latest data measuring the U.S. economy. They often report with breathless excitement the smallest movements in indicators, which range from the unemployment rate to the Dow Jones average. Quite often, however, a comprehensive outlook and the associated detailed analysis are overlooked in favor of an emphasis on what is happening right now. While they do give a certain perspective, these up-to-the-minute measures do not always tell the whole story. The Economic Census provides the detail often missing from the latest estimates.
The Economic Census is the U.S. Government's official five-year measure of American business and the economy. It is conducted by the U.S. Census Bureau in years ending in 2 and 7. The 2012 results for smaller geographies (metropolitan areas, cities and counties) from the Economic Census are being released throughout 2015.
My blog posts this year will be presenting results of the 2012 Economic Census for the Cincinnati MSA, starting with data on the region’s manufacturing sector.