Economic Indicator: Retail Sales Growth Strong Over Past 12 Months
Statement from Commerce Secretary John Bryson on International Trade in Goods and Services in February 2012
U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the February 2012 U.S. International Trade in Goods and Services report (PDF) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in February 2012 were up 0.1 percent from January 2012 to reach a record $181.2 billion. In addition, record highs were seen in U.S. exports of total services ($53.2 billion), and capital goods exports ($43.2 billion).
US Commerce Department Releases New Report Showing Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy
WASHINGTON, 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 U.S. Motor Vehicle Industry: Roaring Back in 2012
By any variety of measures, the U.S. motor vehicle industry has made a remarkable comeback after experiencing an incredibly deep decline during the most recent recession. To answer the question of “just how much the motor vehicle industry has comeback?,” this blog examines the recent increases in production, employment, exports, and sales.
Production:
