Newsroom

Statement from U.S. Commerce Department Acting Deputy Secretary Rebecca Blank on Personal Income and Outlays in April 2011

The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for April 2011. Personal income increased 0.4 percent in April, consistent with private-sector expectations. Wages and salaries, the largest component of income, rose a solid 0.4 percent, supported by improvements in the labor market. Real consumer spending rose 0.1 percent in April and is up 1.0 percent at an annual rate above its first-quarter average.

Statement from U.S. Commerce Department Chief Economist Mark Doms on the Second Estimate of Gross Domestic Product for the First Quarter

WASHINGTON - The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the first quarter of 2011. Real GDP grew 1.8 percent at an annual rate in the first quarter, unchanged from last month’s advance report and slightly below private-sector expectations of an upward revision. Corporate profits grew by $21.9 billion in the first quarter of 2011 to a level of $1,700.2 billion.

New Commerce Department Report Shows Record Services Trade Surplus that Continues to Grow

Categories:

WASHINGTON, D.C. – The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) today released a report showing U.S. trade in private services totaled $526.6 billion in 2010, representing a trade surplus that is growing, rising from $66.7 billion in 2003 to $168 billion in 2010.

Deputy Under Secretary Nancy Potok Receives Distinguished Public Service Award

WASHINGTON, April 29, 2011 – Deputy Under Secretary Nancy Potok received the Distinguished Public Service Award from the George Washington University Chapter of Pi Alpha Alpha, a national honor society formed to encourage and recognize outstanding scholarship and accomplishment in public affairs and administration. Established in 1974, Pi Alpha Alpha and its more than 39,000 members seek to advance the ideals of integrity, professionalism, and creative performance in public service. The award ceremony was preceded by an induction dinner for new members of the chapter, where Dr. Potok delivered remarks. Dr. Potok holds a Ph.D. from the University’s Trachtenberg School for Public Policy and Public Administration.