Our name, the Census Bureau, suggests to
many only the decennial census of the population. However, we have more
individual statistical programs measuring the economy than those measuring the
population. From the Census Bureau, the country learns the economic health of
the manufacturing, retail, and other service sectors. The Census Bureau
supplies the country with key import and export data, which measure the
relative success of American goods abroad and our consumption of other
countries’ products. We track the construction of new homes and how housing
starts are changing across the country. We measure the fiscal condition of
state and local governments. We inform the country about the annual financial
position of US corporations and on capital investment in new and used
structures and equipment together with expenses for information and
communications technology infrastructure. We measure the volume and change in
businesses owned by women and minorities. There are hundreds of separate
statistical programs that we run, which in these times of economic hardship,
are the key metrics about how we’re doing as an economy.
The data provided by the Census Bureau underlies much about what we know
about our economy and our people. For example, the Bureau of Economic Analysis
uses the statistics from the economic census to benchmark gross domestic product
(GDP) estimates and prepare input-output tables – the fundamental tool for
national and regional economic planning. During benchmark years, such as 2012,
about 90 percent of the data used in calculating GDP comes from the Census
Bureau. The Bureau of Labor Statistics uses Census Bureau statistics to
benchmark producer price indexes and prepare productivity statistics. The
Federal Reserve Board uses our statistics to prepare indexes of industrial
production.
Businesses use our statistics for site location, industry and market
analysis, to make investment and production decisions, to gauge
competitiveness, and to identify entrepreneurial opportunities. Detailed
industry information for small geographic areas permits state and local
agencies to forecast economic conditions, plan economic development,
transportation, and social services. Watch how the Greater Houston Partnership finds that data from the American
Community Survey and uses it to encourage economic
development in Houston.
As you can see, the Census Bureau is about much more than just counting the
population once a decade. By measuring America’s people, places and our
economy, the Census Bureau provides a wealth of information about who we are as
a society and where we are going.