Economic Sectors - The Twelve Sectors: Overview, Construction, Naics 23, Education And Health Services, Financial Activities, Naics 52–53Additional TopicsEconomic Sectors - The Twelve Sectors: OverviewThe American workforce is made up of many different types of jobs that are categorized into sectors defined by the North American Industry Classification System (NAICS; pronounced "Nakes"). Adopted in 1997, NAICS was devised by the U.S. Economic Classification Policy Committee in conjunction with Statistics Canada and the Instituto Nacional de Estadística, Geografia e Inform… Economic Sectors - Construction, Naics 23The construction sector includes all businesses that contribute to the development of land, roads, utilities, buildings, and such structures as bridges and dams. Included are firms that build new projects and those that provide maintenance, repairs, and alterations to existing structures. For the most part, such enterprises are managed from a central location with work performed elsewhere. The Ann… Economic Sectors - Education And Health ServicesThe education and health services supersector includes all instructional and training facilities, including private schools and universities, that are not funded by the government. Nongovernmental organizations that provide child day care, medical care, and social assistance are also included. Businesses of this type that are government owned (public schools and hospitals, for example) are conside… Economic Sectors - Financial Activities, Naics 52–53The financial activities supersector comprises the banking, insurance, and real estate industries, including businesses that, according to Industry at a Glance, facilitate "transactions involving the creation, liquidation, or change in ownership of financial assets." The real estate sector includes businesses that manage properties for others, appraise real estate, and facilitate pro… Economic Sectors - GovernmentThe government sector encompasses all local, state, and federal government agencies as well as public schools and public hospitals. This includes law enforcement agencies, courts, and legislative assemblies, but, for the purposes of industry tracking, does not include military personnel. According to the BLS in Industry at a Glance, the government sector employed approximately 21,575,000 people in… Economic Sectors - Information Industry, Naics 51The production and distribution of information falls under the information supersector of the American economy. This sector includes book and software publishing, Internet service providers, and television broadcasting, as well as the motion picture and sound recording industries. Although the information sector is relatively small, representing only about 2.6% of employment and 1.9% of business e… Economic Sectors - Leisure And Hospitality, Naics 71–72The leisure and hospitality supersector includes businesses in the arts, entertainment, recreation, spectator sports, accommodation, and food service industries. This includes performance venues, gambling outlets, golf courses, amusement parks, arcades, hotels and other lodging sites, food service establishments, and privately funded exhibit spaces and historic sites. According to the Bureau of Ec… Economic Sectors - Manufacturing, Naics 31–33An organization is considered part of the manufacturing sector if its primary business is to transform raw materials into new products through mechanical, physical, or chemical processes. Manufacturing covers many separate industries, including aerospace, apparel, computers, automobiles, pharmaceuticals, printing, steel, and textiles, among others, and provides products that contribute and support… Economic Sectors - Natural Resources And MiningThe natural resources and mining supersector includes all agriculture, forestry, fishing, hunting, and mining enterprises. Farms engaged in growing crops and raising animals are included in this sector, as are lumber and fishing operations, coal mining, petroleum and natural gas extraction, and other mining and quarrying activities. In addition to farms, businesses in this sector include ranches, … Economic Sectors - The Service IndustryThe service industry combines two of the supersectors identified above: Professional and Business Services (NAICS 54–56) and Other Services (NAICS 81). The service industry includes businesses whose main function is to provide a professional or trade service rather than a product. Professional and business services include legal, accounting, architectural, engineering, advertising, marketin… Economic Sectors - Transportation And UtilitiesThe transportation and utilities supersector comprises businesses that transport passengers or cargo by air, rail, water, road, or pipeline. The sector also includes businesses that provide storage of goods and that support transportation activities. Also tracked in this sector are private enterprises that generate, transmit, or distribute such utilities as electric power, natural gas, and water. … Economic Sectors - Wholesale And Retail TradeThe wholesale and retail supersector encompasses private businesses that trade in products that they do not produce. Wholesalers buy large quantities of finished goods from manufacturers and sell the goods in smaller lots to businesses engaged in retail trade. Retailers then offer the goods for sale to consumers at an increased price, usually figured as a percentage of the wholesale cost. 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