The first two digits of a NAICS code designate a major economic sector,such as agriculture or manufacturing.

Question

Quizplus · Accepted Answer

The first two digits of a NAICS (North American Industry Classification System) code do indeed designate a major economic sector. There are 20 different sectors, such as agriculture, forestry, fishing and hunting (11), mining (21), manufacturing (31-33), wholesale trade (42), retail trade (44-45), transportation and warehousing (48-49), information (51), finance and insurance (52), real estate and rental and leasing (53), professional, scientific, and technical services (54), management of companies and enterprises (55), administrative and support and waste management and remediation services (56), educational services (61), health care and social assistance (62), arts, entertainment, and recreation (71), accommodation and food services (72), other services (except public administration) (81), public administration (92), and military (92).

The First Two Digits of a NAICS Code Designate a Major