YourEconomy.org:
- Is quick and easy to use, with web access to unprecedented amounts of economic and job related time series data at an establishment level
- Includes more small businesses: in addition to all sole proprietorships and partnerships, YE now includes more "cottage" establishments (small-scale business activity that can be conducted in homes)
- Incorporates all industry classifications - including agriculture, postal, and military
- Presents a dynamic view of the U.S. economy - showing changes at individual establishments for U.S., state, MSA, county, and ZIP code regions throughout the entire time series from 1990 - 2010
- Presents mobility and migration information - tracked each year for individual establishments for all regions in YE
Although YE's dataset is large and detailed, finding unique, relevant data is a simple matter of following our “building block” approach.
A breakdown of YE data search options includes:
SECTORS
To better track business activity, YE took all businesses in your community and put them into 3 unique establishment sectors:
RESIDENT: stand-alone businesses in the area or businesses with headquarters in the same state.
NONRESIDENT: businesses that are located in the area but headquartered in a different state. Why? Local businesses have more influence on job creation than establishments headquartered outside of the state.
NONCOMMERCIAL: educational institutions, post offices, government agencies and other nonprofit organizations.
STAGES
The Resident sector is then subdivided into stages that reflect different operational and management issues that companies face as they grow from startups to mature companies.
STAGES Self-Employed - 4: defined stages provide different frameworks for understanding the needs of businesses and supporting their growth - helping communities better leverage resources. Regardless of their industry sector, companies in the same developmental stage experience similar challenges. And, as companies move through these stages, not only do their internal needs change, but their external needs - what they need from the community - change as well.
FACTORS
YE's Composition & Growth section uses three key growth factors to determine net new establishments and net new jobs:
OPENED: the difference between births and deaths (openings and closings) of establishments.
EXPANDED: the difference between establishments that have increased jobs compared to those that have contracted their labor force.
RELOCATED: a look at establishments that have moved into a designated region versus those that have left the region, along with the resulting impact on jobs.