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BEA Economic AreasAligning Workforce & Economic InformationAssociation of Public Data Users APDU 2008 Annual Meeting The Brookings InstitutionWashington, DC
Duke TranRegional Product DivisionU.S. Bureau of Economic Analysis
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Presentation Overview
What are BEA Economic Areas?
Who uses them?
What is the plan for future redefinition?
Needs for new data sources
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U.S. Bureau of Economic Analysis
Mission: Promote a better understanding of the U.S.
economy by providing the most timely, relevant, and
accurate economic accounts data in an objective and cost-
effective manner
Role: The Nation’s economic accountant for National,
International, Industry, and Regional accounts
Products: GDP, Personal Income, Corporate Profits,
Balance of Payments, Input-Output Tables, Travel and
Tourism, etc.
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BEA’s Regional Accounts
Role: Provide users a consistent framework to
study detailed geographic distribution of U.S.
economic activity and growth nationwide
Products: GDP by State and Metropolitan Area
Personal Income by State and Local Areas
Economic Multipliers
BEA Economic Areas
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What Are BEA Economic Areas?
BEA Economic Areas define the relevant regional markets surrounding metropolitan areas
Each area consists of a central market area and surrounding counties that are economically related to the central area
Current set, redefined in 2004, 179 areas
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Geography Hierarchy
3,141 counties in the 2000 Census:
OMB’s definition: Core Based Statistical Areas (939)
Metropolitan Statistical Areas (363)
Micropolitan Statistical Areas (576)
Combined Statistical Areas (123)
BEA Economic Areas: Component Economic Areas (344)
BEA Economic Areas (179)
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The Process
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Benefits of Using BEA EA’s
EAs provide a useful alternative geography
to metropolitan areas because EAs cover
all counties in the Nation
EA’s county aggregations are useful for
both research and production purposes
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Uses of BEA Economic Areas
BEA’s Regional program
Other Federal government agencies
Local and regional authorities
Private and academic researchers
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The Challenge ─ Data Availability
Availability: Elimination of the long form in
the 2010 Census
Alternative sources:
American Community Survey
Local Employment Dynamics
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American Community Survey (ACS)
Replacing long form in the decennial
censuses:
Availability
Geographies
Using ACS to redefine BEA EAs:
Benefits
Challenges
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Local Employment Dynamics (LED)
What is Local Employment Dynamics?
LED’s tools and datasets
LED’s data characteristics
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LED’s Benefits / Issues
BENEFITS
Current
Population vs.
sample
Integrated and
consistent
Linkages to other
data
ISSUES
LED employment
data exclusions
LED not yet national
in scope.
LED partnership
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Next Steps
Compare results from the new data sources
Prepare analysis to address: ACS & LED strengths and weaknesses Geographic details Commuting home-to-work Socioeconomic characteristics Annual and multi-year data summaries
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More Information, Questions?
Duke TranRegional Product Division
U.S. Bureau of Economic Analysis
Washington, DC 20230
202.606.9230
Duke TranRegional Product Division
U.S. Bureau of Economic Analysis
Washington, DC 20230
202.606.9230
