The Department of Commerce is proposing to continue its information collection via the Business Trends and Outlook Survey (BTOS). This survey helps gather detailed, frequent, and timely data on U.S. economic conditions and trends. With a target of 795,000 respondents, the survey will be conducted biweekly and seeks to include more multi-unit businesses for comprehensive economic representation. The department is also revising the survey to focus on core questions and plans to extend it for another three years, along with a possibility of including updated questions on artificial intelligence. Public comments are invited within 30 days on the proposed collection.
Simple Explanation
The government wants to keep asking lots of businesses questions every two weeks to see how the economy is doing, like how you'd check up on your plants to make sure they're growing. They're changing the questions a bit and might ask new ones about robots and computers, and people can tell them what they think about this plan.