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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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Statement from U.S. Commerce Department Chief Economist Mark Doms on Personal Income and Outlays in June 2011

Submitted on August 2, 2011 - 11:20am
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The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays data for June 2011. Personal income rose 0.1 percent in June, consistent with private-sector forecasts. Wages and salaries, the largest component of income, remained unchanged despite a decline in June hourly earnings. Real consumer spending was also unchanged, in line with private-sector expectations.

Statement from U.S. Commerce Secretary Gary Locke on the Advance Estimate of GDP for the Second Quarter of 2011

Submitted on July 29, 2011 - 9:54am
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WASHINGTON, D.C. – The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2011. Today’s release also contained revisions to prior years. Real GDP grew 1.3 percent at an annual rate, below private-sector expectations of 1.8-percent growth and up from 0.4-percent growth in the first quarter, which was revised down from 1.9 percent. The most notable revision was to 2009, where GDP growth was revised down 0.9 percentage points, indicating that the recession was even more severe than initially estimated. GDP has now grown for eight consecutive quarters.

Statement from U.S. Commerce Secretary Gary Locke on New Residential Construction in June 2011

Submitted on July 19, 2011 - 10:32am
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WASHINGTON – The Commerce Department’s U.S. Census Bureau today released data on new residential construction for June 2011. Housing starts surged 14.6 percent in June, easily surpassing private-sector expectations of a 2.7-percent increase. Permits for new housing units also beat expectations, increasing 2.5 percent in June following an 8.2-percent jump in May. Private-sector analysts had expected a 2.3-percent drop in permits from May to June.

New Commerce Department Report Shows Fast-Growing STEM Jobs Offer Higher Pay, Lower Unemployment

Submitted on July 14, 2011 - 10:09am

WASHINGTON – The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) today released a new report that profiles U.S. employment in the science, technology, engineering and mathematics (STEM) fields. STEM: Good Jobs Now and for the Future offers an inside look at workers who are driving our nation’s innovation and competitiveness and helping America win the future with new ideas, new companies and new industries.

application/pdf iconSTEM: Good Jobs Now and For the Future

Statement from U.S. Commerce Secretary Gary Locke on Retail Sales in June 2011

Submitted on July 14, 2011 - 9:52am

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for June 2011. Retail sales increased 0.1 percent, stronger than private-sector expectations of a 0.2-percent decline. Excluding motor vehicles, retail sales were unchanged, matching private-sector expectations. Sales at gasoline stations declined 1.3 percent, largely due to a May-to-June drop in gas prices.

application/pdf iconStatement from U.S. Commerce Secretary Gary Locke on Retail Sales in June 2011

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