The Business Trends and Outlook Survey (BTOS) will be a new experimental survey with bi-weekly data collection and publication. This continuous near real time data publication will provide a baseline of the U.S. economy and will measure change as a result of current and future economic shocks. The ongoing nature of the BTOS is in response to stakeholder feedback on the Small Business Pulse Survey (SBPS), which was that economic baseline or ânormsâ data would have been helpful to have in comparison to the SBPS data on pandemic impact.
BTOS WFH Question, BTOS Instrument with Final AI supplement Questions
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table that charts list of burden
Total Request
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
660,000
795,000
0
-135,000
0
0
Annual Time Burden (Hours)
110,000
132,500
0
-22,500
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
No
Yes
Miscellaneous Actions
The previously submitted estimate included a higher expected number of responses, resulting in an annual burden estimate of 132,500 hours. A smaller number of responses has led to a reduction in the overall burden estimate.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.