Headquarters jobs for 1.8 million
February 12, 2002
Management of companies and enterprises is a new sector in the North American Industry Classification System (NAICS). The sector is composed of corporate and regional headquarters offices and holding companies and employs roughly 1.8 million workers.
Under the Standard Industrial Classification (SIC) system, the headquarters of a multinational corporation with its primary interests in the auto industry, for example, would be placed in the automobile manufacturing industry. Under NAICS, this location is moved out of manufacturing and into the new management sector. Analysts now will be able to track developments such as what happens to headquarters employment over the business cycle and which States are gaining employment in this sector.
Although relatively small—it is third from the bottom in terms of the numbers of establishments in the 20 NAICS sectors and sixth from the bottom in terms of employment—the sector reports a high wage. Only the finance and insurance sector had a higher average weekly wage.
These data are preliminary private sector U.S. totals for the first quarter of 2001 from the Covered Employment and Wages program. Additional information is available from "A first look at employment and wages using NAICS," by David R.H. Hiles, Monthly Labor Review, December 2001.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Headquarters jobs for 1.8 million on the Internet at https://www.bls.gov/opub/ted/2002/feb/wk2/art02.htm (visited June 02, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.