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Services and trade.

Although the Federal statistical community has initiatives underway to improve data on service-providing industries, analysts still are challenged to make ingenious use of the data available and make adjustments on the fly to data that do not quite meet their needs. A recent example is an analysis of services trade and employment that appeared in NBR Analysis from the National Bureau of Asian Research.

Among the challenges the authors faced was developing a crosswalk between the "service type" categories used to compile trade statistics and the North American Industry Classification System (NAICS) used in employment statistics. Only after finishing that chore could they calculate the export and import penetration rates needed to designate the most trade-sensitive industries.

In the service-providing sector, this exercise revealed 15 export-sensitive industries in which 10 percent or more of revenue came from exports or the export penetration rate was rising by at least 0.4 percentage point per year. The study also listed 11 import-sensitive service industries in which imports of the service accounted for at least 10 percent of total supply or in which the import penetration rate was rising by 0.4 percentage point or more.

Nine industries appeared on both lists, mostly in transportation-related activities. Also in common were soft-ware publishers and lessors of intangible assets such as patents, trademarks, and other intellectual property (except copyrights). The noncommon import-sensitive industries were related to insurance, while those on the export sensitive list included investment activities, arts and entertainment, and industrial equipment repair.
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Title Annotation:Precis
Publication:Monthly Labor Review
Article Type:Brief article
Geographic Code:1USA
Date:Dec 1, 2006
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