NAICS


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Related to NAICS: sic, SIC code

NAICS

North American Industrial Classification System. A system of six digit codes used in business to classify the industry to which a company belongs. The NAICS was created by the U.S. Office of Management and Budget in 1997 to facilitate communication within and between businesses and industries. For example, an iron ore mining company might file under the code 212210.
References in periodicals archive ?
BLS began the incorporation of 2002 NAICS into its major series in September 2002, when it released estimates for 2001 of "covered" employment and wages.
This June, BLS will incorporate NAICS into the monthly establishment employment series; as reported in the February 2003 issue of NABE News, BLS will provide historical data beginning with 1990 for all series and earlier for selected series.
Several other BLS programs are scheduled to incorporate NAICS in 2003.
Given that we live in a world of increasing globalization, NAICS would strive for the compatibility of statistics not only among United States, Canada, and Mexico, but also with Europe and the United Nations.
Like that of the SIC, the structure of NAICS is hierarchical, going from highly aggregated groups to the most detailed groups (table 1).
The structure of NAICS was an improvement over that of the SIC in several important respects.
An interesting element of the NAICS codes is the built-in capacity for each country to designate detailed industries in order to meet national needs.
Most business researchers will be happy to find that frustrating SIC codes such as 8748 "Business Consulting Services, Not Elsewhere Classified (NEC)" are not as imprecise in the NAICS system.
To solicit input from information professionals and to identify pilot test participants for the crosswalk, D&B has created a NAICS Advisory Network.
D&B's NAICS Advisory Network will keep participants informed about the work D&B is doing to convert from the SIC code system, invented by the U.
less insight for analysis within the NAICS system than will
Server Forecast, 2003-2007: Segmentation of the Opportunity by Price Band and NAICS Supersector (IDC #31223), is the first attempt to address the SIC-to-NAICS conversion in the U.