What does every business need but not every industry has?
The Indicator from Planet Money

What does every business need but not every industry has?

B2Upper-intermediateSeptember 29, 20269 min

What rhymes with "snakes" and helps the government classify economic activity? NAICS — or the North American Industry Classification System. These codes categorize every industry from artificial turf installation to zucchini farming. But they’re not exactly easy to get. Today we look at one business’ quest for a NAICS code and what makes them so valuable. Fact checking by Leyla Doss. Your Next Listen — How to take the temperature of the US consumer Connect with The Indicator — Sign up for The Indicator’s weekly newsletter! — Buy the Planet Money book — Find our socials, YouTu...

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I'm a fellow econ nerd.

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what we use to categorize industries like 114 for fishing, hunting, and trapping, or

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0:00

N-P-R. Every five years, a sort of Olympics of government data collecting happens. Kind of. It's when changes to the NAICS codes are awarded.

0:15

And that time is coming up. But what are NAICS codes? Can't believe you don't know, Sally. Just kidding.

0:22

I'm a fellow econ nerd. It stands for North American Industry Classification System. what we use to categorize industries like 114 for fishing, hunting, and trapping, or mining 212 but not for oil and gas, which has its own code. Their main purpose is to

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