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Doms Briefs Manufacturing Advisory Board

Wednesday, August 29 – Chief economist Doms briefs the National Institute for Science and Technology’s Manufacturing Extension Partnership(MEP) Advisory Board members about the state of U.S. manufacturing.


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DOC Chief Economist Briefing the North American Steel Trade Committee

Doms Briefs ITA's North American Steel Trade Committee

Washington, D.C. - Monday, July 16 - ESA's Chief Economist Mark Doms gave a macro-economic briefing with respect to manufacturing to the North American Steel Trade Committee at the White House Conference Center.  The Committee was established in 2003, under the Department of Commerce's International Trade Administration to promote cooperation on policy matters affecting the North American steel market and industry.


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Employee Compensation per Hour by Major Industry, 2010

Manufacturing Workers Enjoy Higher Pay, More Benefits

Specific findings from “The Benefits of Manufacturing Jobs” include on average, hourly wages and salaries for manufacturing jobs are $29.75 an hour compared to...
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Manufacturing Employment Has Expanded by 489,000 jobs or 4 percent since January

4 Percent Growth in Manufacturing Jobs since Jan. 2010

Manufacturing employment has expanded by 489,000 jobs or 4 percent since January 2010. This growth represents a 4 percent increase - the manufacturing industry's strongest cyclical rebound since the dual recessions in the early 1980's.


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New Report Showing Intellectual Property-Intensive Industries Contribute $5 Tril

Intellectual Property and the U.S. Economy: Industries in Focus

Washington, D.C., April 11, 2012 - The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).  The...
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Crude Oil and Gasoline Prices in 2012

Submitted on February 22, 2012 - 3:47pm

Crude Oil and Gasoline Prices in 2012

The recent positive economic news strengthens hope that the economy will continue to gain momentum during 2012.  However, one potential fly in the (petroleum-based) ointment is rising oil (and hence gasoline) prices. 

Economic Indicator: Another sign of the resurgence of the automobile industry

Submitted on February 15, 2012 - 4:25pm

Today, the Federal Reserve released their Industrial Production data for January 2012. Motor vehicle assemblies in January 2012 were 10.17 million (SAAR) the highest since February of 2008.

Economic Indicator: Another sign of the resurgence of the automobile industry

Statement from Commerce Secretary John Bryson on Retail Sales in January 2012

Submitted on February 14, 2012 - 11:27am
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WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for January 2012. Total retail sales grew 0.4 percent from December 2011 to January 2012.  Excluding automobiles, January 2012 retail sales grew 0.7 percent. 

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