July 2 -- The Office of Management and Budget (OMB) seeks public comment by August 16, 2021 on the advisability of adopting the proposed North American Industry Classification System (NAICS) updates for 2022 recommended by its Economic Classification Policy Committee (ECPC), which comprises representatives of the Bureau of Economic Analysis, Bureau of Labor Statistics, U.S. Census Bureau, and other government agencies.
The ECPC recommends an update of the industry classification system to clarify existing industry definitions and content, recognize new and emerging industries, combine industries, and correct errors and omissions. The ECPC also recommends an update of OMB Statistical Policy Directive No. 8, Standard Industrial Classification of Establishments, and to withdraw OMB Statistical Policy Directive No. 9, Standard Industrial Classification of Enterprises.
In large part, this proposed series of revisions are designed to address the view of the ECPC regarding the decreasing usefulness of employing the mode of delivery (online versus in store/print) as an industry delineation criterion in the Wholesale Trade, Retail Trade, and Information sectors. In short, the internet has developed from a specialized activity to a generic method of delivery for goods and services. Therefore, the ECPC has developed recommendations that reevaluate and deemphasize the delivery method as an industry function used in NAICS classification.
Part IV of the FRN presents the ECPC recommendations for content revisions to NAICS United States for 2022. Table 1 lists, in NAICS United States 2017 order, the disposition of all industries that the ECPC recommends for change and their resulting relationship to NAICS United States 2022 proposed industries. Table 2 presents the ECPC recommended NAICS 2022 industries in proposed NAICS United States 2022 order, cross-walked to their NAICS United States 2017 content.
FR notice inviting public comments:
https://www.federalregister.gov/documents/2021/07/02/2021-14249/north-american-industry-classification-system-naics-updates-for-2022-update-of-statistical-policy
