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?

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

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

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

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

This information is not provided in the given data Signup and view all the answers

What is included in the total earnings?

Ordinary time earnings, overtime pay, and ACC earner premiums Signup and view all the answers

Why can compositional changes affect the Quarterly Employment Survey?

Because of changes in the industries' relative importance Signup and view all the answers

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

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

What is the formula to calculate total earnings?

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

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

Kind-of-activity units (KAUs) Signup and view all the answers

What is excluded from the Quarterly Employment Survey data?

Earnings from self-employment Signup and view all the answers

What is the frequency of the Quarterly Employment Survey data?

Quarterly Signup and view all the answers

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

Industry and national levels Signup and view all the answers

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

18, 000 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!