Data Dictionary: ACS 2006 -- 2008 (3-Year Estimates)
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Data Source: U.S. Census Bureau
Universe: Universe: Full-time, year-round civilian employed population 16 years and over with earnings
Variable Details
B24041. Industry By Median Earnings In The Past 12 Months (In 2008 Inflation-Adjusted Dollars) For The Full-Time, Year-Round Civilian Employed Population 16 Years And Over
Universe: Universe: Full-time, year-round civilian employed population 16 years and over with earnings
B24041013 Finance and insurance, and real estate and rental and leasing
Percent base:
None - percentages not computed
Aggregation method:
None -- No totals are displayed for this variable when multiple geographies are aggregated.
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Industry
The data on industry were derived from answers to Questions 41 through 43. Written responses to the industry questions are coded using the industry classification system developed for Census 2000 and modified in 2002 and again in 2007. This system consists of 269 categories for employed people, including military, classified into 20 sectors. The modified 2007 census industry classification was developed from the 2007 North American Industry Classification System (NAICS) published by the Executive Office of the President, Office of Management and Budget. The NAICS was developed to increase comparability in industry definitions between the United States, Mexico, and Canada. It provides industry classifications that group establishments into industries based on the activities in which they are primarily engaged. The NAICS was created for establishment designations and provides detail about the smallest operating establishment, while the American Community Survey data are collected from households and differ in detail and nature from those obtained from establishment surveys. Because of potential disclosure issues, the census industry classification system, while defined in NAICS terms, cannot reflect the full detail for all categories.

The industry category, "Public administration," is limited to regular government functions such as legislative, judicial, administrative, and regulatory activities. Other government organizations such as public schools, public hospitals, and bus lines are classified by industry according to the activity in which they are engaged.
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Median Earnings
The median divides the earnings distribution into two equal parts: one-half of the cases falling below the median and one-half above the median. Median earnings is restricted to individuals 16 years old and over with earnings and is computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Derived Measures.") Median earnings figures are calculated using linear interpolation if the width of the interval containing the estimate is $2,500 or less. If the width of the interval containing the estimate is greater than $2,500, Pareto interpolation is used. (For more information on medians and interpolation, see "Derived Measures.")
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Adjusting Income for Inflation
Income components were reported for the 12 months preceding the interview month. Monthly Consumer Price Indices (CPI) factors were used to inflation-adjust these components to a reference calendar year (January through December). For example, a household interviewed in March 2008 reports their income for March 2007 through February 2008. Their income is adjusted to the 2008 reference calendar year by multiplying their reported income by 2008 average annual CPI (January-December 2008) and then dividing by the average CPI for March 2007-February 2008.

In order to inflate income amounts from previous years, the dollar values on individual records are inflated to the latest years dollar values by multiplying by a factor equal to the average annual CPI-U-RS factor for the current year, divided by the average annual CPI-U-RS factor for the earlier/earliest year.
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Full-Time, Year-Round Workers
All people 16 years old and over who usually worked 35 hours or more per week for 50 to 52 weeks in the past 12 months.

Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Civilian Employed
This term is defined exactly the same as the term "employed" above.
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2008 Summary File: Technical Documentation.
 
Age
The data on age were derived from answers to Question 4. The age classification is based on the age of the person in complete years at the time of interview. Both age and date of birth are used in combination to calculate the most accurate age at the time of the interview. Inconsistently reported and missing values are assigned or imputed based on the values of other variables for that person, from other people in the household, or from people in other households ("hot deck" imputation). Data on age are used to determine the applicability of other questions for a particular individual and to classify other characteristics in tabulations. Age data are needed to interpret most social and economic characteristics used to plan and analyze programs and policies. Therefore, age data are tabulated by many different age groupings, such as 5-year age groups.
Median Age
The median age is the age that divides the population into two equal-size groups. Half of the population is older than the median age and half is younger. Median age is based on a standard distribution of the population by single years of age and is shown to the nearest tenth of a year. (See the sections on "Standard Distributions" and "Medians" under "Derived Measures.")
Age Dependency Ratio
The age dependency ratio is derived by dividing the combined under-18 and 65-and-over populations by the 18-to-64 population and multiplying by 100.
Old-Age Dependency Ratio
The old-age dependency ratio is derived by dividing the population 65 years and over by the 18-to-64 population and multiplying by 100.
Child Dependency Ratio
The child dependency ratio is derived by dividing the population under 18 years by the 18-to-64 population, and multiplying by 100.
Limitation of the Data
Caution should be taken when comparing population in age groups across time. The entire population continually ages into older age groups over time and babies fill in the youngest age group. Therefore, the population of a certain age is made up of a completely different group of people in 2000 and 2008. Since populations occasionally experience booms/increases and busts/decreases in births, deaths, or migration (for example, the postwar Baby Boom from 1946-1964), one should not necessarily expect that the population in an age group in Census 2000 should be similar in size or proportion to the population in the same age group in the 2008 ACS. For example, Baby Boomers were age 36 to 54 in Census 2000 while they were age 44 to 62 in the 2008 ACS. Therefore, the age group 55 to 59 would show a considerable increase in population when comparing Census 2000 data with the 2008 ACS data. Beginning in 2006, the population in group quarters (GQ) is included in the ACS. Some types of GQ populations have age distributions that are very different from the household population. The inclusion of the GQ population could therefore have a noticeable impact on the age distribution. This is particularly true for areas with a substantial GQ population.
Question/Concept History
The 1996-2002 American Community Survey question asked for month, day, and year of birth before age. Since 2003, the American Community Survey question asked for age, followed by month, day, and year of birth. In 2008, an additional instruction was provided with the age and date of birth question on the American Community Survey questionnaire to report babies as age 0 when the child was less than 1 year old. The addition of this instruction occurred after 2005 National Census Test results indicated increased accuracy of age reporting for babies less than one year old.