Industry Classification Quiz
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Questions and Answers

What is the primary purpose of the Quarterly Employment Survey (QES)?

  • To provide a short-term indicator of employment and earnings (correct)
  • To provide a long-term indicator of employment and earnings
  • To collect data on agriculture, fisheries, and smaller industries
  • To measure the number of unemployed individuals in New Zealand
  • What is the sample size of the Quarterly Employment Survey (QES)?

  • Approximately 10,000 business locations
  • Approximately 50,000 business locations
  • Approximately 100,000 business locations
  • Approximately 18,000 business locations (correct)
  • What is the reference period of the pay week for the Quarterly Employment Survey (QES) data?

  • The pay week ending on the last day of the month
  • The pay week ending on the 1st of the month
  • The pay week ending on, or before the 20th of the middle month of the quarter (correct)
  • The pay week ending on the 15th of the month
  • What is the purpose of the Quarterly Employment Survey (QES) data in the national accounts?

    <p>To compile the business services industry component of the quarterly national accounts</p> Signup and view all the answers

    What has changed in the Quarterly Employment Survey (QES) as of 2020?

    <p>The level of data collection has changed from business locations (GEOs) to kind-of-activity units (KAUs)</p> Signup and view all the answers

    Which industry had a highest average weekly earnings in New Zealand in 2023 Q4?

    <p>This information is not provided in the given data</p> Signup and view all the answers

    What is included in the total earnings?

    <p>Ordinary time earnings, overtime pay, and ACC earner premiums</p> Signup and view all the answers

    Why can compositional changes affect the Quarterly Employment Survey?

    <p>Because of changes in the industries' relative importance</p> Signup and view all the answers

    What type of jobs are included in the Quarterly Employment Survey?

    <p>Jobs filled by overseas workers resident in New Zealand for less than 12 months, and others</p> Signup and view all the answers

    What is the formula to calculate total earnings?

    <p>Total earnings equals ordinary time earnings plus overtime pay divided by full-time plus part-time employees</p> Signup and view all the answers

    What type of units are used in the new sample design of the Quarterly Employment Survey?

    <p>Kind-of-activity units (KAUs)</p> Signup and view all the answers

    What is excluded from the Quarterly Employment Survey data?

    <p>Earnings from self-employment</p> Signup and view all the answers

    What is the frequency of the Quarterly Employment Survey data?

    <p>Quarterly</p> Signup and view all the answers

    What level of data is provided by the Quarterly Employment Survey?

    <p>Industry and national levels</p> Signup and view all the answers

    What is the approximate number of business locations selected for the Quarterly Employment Survey?

    <p>18, 000</p> Signup and view all the answers

    Study Notes

    Overview of the Quarterly Employment Survey (QES)

    • The QES provides insights into employment, earnings, and hours worked at both industry and national levels.
    • Data is gathered from around 18,000 economically significant businesses across various industries.
    • The reference period for data collection is the pay week ending on or before the 20th of the middle month of each quarter.

    Average Weekly Earnings

    • Average total weekly earnings are calculated as total earnings (ordinary time plus overtime) divided by full-time and part-time employees.
    • Total earnings include ordinary time earnings, ACC earner premiums, bonuses, paid leave, commissions, and overtime pay.
    • The survey examines average weekly earnings across various industries, including finance, healthcare, manufacturing, and more.

    Industry Breakdown

    • Key industries included:
      • Financial and Insurance Services
      • Electricity, Gas, Water, and Waste Services
      • Public Administration and Safety
      • Forestry and Mining
      • Information Media and Telecommunications
      • Professional, Scientific, Technical, Administrative and Support Services
      • Construction
      • Wholesale Trade
      • Transport, Postal and Warehousing
      • Health Care and Social Assistance
      • Manufacturing
      • Rental, Hiring and Real Estate Services
      • Education and Training
      • Arts, Recreation and Other Services
      • Retail Trade
      • Accommodation and Food Services

    Compositional Effects

    • Compositional effects can impact survey results when industries with higher or lower typical earnings change in their importance relative to others.
    • Changes in the makeup of the workforce within industries affect earnings data, such as variations in occupations hired.

    Survey Limitations

    • The QES excludes data from agriculture, fisheries, and some smaller industries, as well as self-employment earnings.
    • It includes jobs filled by overseas workers residing in New Zealand for under 12 months, differing from the Household Labour Force Survey.

    Methodological Changes

    • The QES was redesigned in 2020, shifting data collection from business locations to kind-of-activity units (KAUs).
    • This redesign enhances the relevance and accuracy of the data collected.

    Purpose and Usage

    • The primary aim of the QES is to serve as a short-term indicator of employment and earnings trends.
    • Results are utilized for compiling national accounts and providing valuable insights into labor market conditions in New Zealand.
    • The dataset provides a perspective on filled jobs from a business standpoint and hours paid by businesses.

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    Description

    Test your knowledge of different industries and their categories. From financial services to health care, and from education to recreation, classify each sector correctly. Good luck!

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