Thursday, January 27, 2005

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[IWS] BEA: New! COUNTY Estimates of COMPENSATION by INDUSTRY: 1998-2003 [27 January 2005]

IWS Documented News Service
_______________________________
Institute for Workplace Studies                 Professor Samuel B. Bacharach
School of Industrial & Labor Relations          Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor                  Stuart Basefsky
New York, NY 10016                      Director, IWS News Bureau
________________________________________________________________________

Bureau of Economic Analysis (BEA)


County Estimates of Compensation by Industry: 1998-2003 [27 January 2005]
(example of King County, Washington)
http://www.bea.gov/bea/newsrelarchive/2005/lapi0105.htm
or
http://www.bea.gov/bea/newsrelarchive/2005/lapi0105.pdf
[full-text, 4 pages]
or
http://www.bea.gov/bea/newsrelarchive/2005/lapi0105.xls
[spreadsheet]

The Bureau of Economic Analysis (BEA) today releases for the first time county estimates of compensation by industry. Compensationthe sum of wage and salary disbursements and supplements to wages and salaries-is a key statistic in the personal income account. The compensation by industry estimates for 1998-2003 are presented in a new tableCA06, Compensation of Employees by Industry that can be accessed interactively at <http://www.bea.gov/bea/regional/reis>.

[Using Local Area Personal Income at - http://www.bea.gov/bea/regional/reis/
Click on --
Wage and salary summary estimates (CA34) 1969-2003, compensation by NAICS industry 2001-2003 (CA06), compensation by SIC industry 1998-2000 (CA06) (You will be redirected to a new page)
in Step One. This will lead you to county data after selecting a STATE]

The county estimates by industry for 2003 are available 13 months after the end of the calendar year. This release marks an acceleration, by 4 months, in the availability of detailed industry statistics for local areas. Previously, the earliest release of local area estimates by industry was 17 months after the end of the year when earnings by industry-the sum of compensation and proprietors' income-was presented. This acceleration of the release of a key component of substate personal income meets BEA's Strategic Plan goal of improving the timeliness of county-level personal income and its components.

The estimates of compensation by industry, cover 114 industries and aggregates for 3,111 counties. In addition to the county estimates, BEA also is releasing compensation by industry for metropolitan areas, micropolitan areas, combined statistical areas, and BEA economic areas. A sample table for King County, Washington is attached.

Tables presenting the comprehensive measure of personal income for local areas-including CA05, Personal Income by Major Source and Earnings by Industry-will be released April 27, 2005.

_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                 *
Director, IWS News Bureau               *
Institute for Workplace Studies *
Cornell/ILR School                      *
16 E. 34th Street, 4th Floor            *
New York, NY 10016                      *
                                        *
Telephone: (607) 255-2703               *
Fax: (607) 255-9641                     *
E-mail: smb6@cornell.edu                *
****************************************






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