Percentage Growth in Goods Exports, U.S., Europe and World, 1992-2012

U.S. goods and services exports reached an all-time record in 2012, totaling $2.2 trillion. Export records were seen across the board, including in: capital goods, automotive vehicles, parts, and engines; consumer goods; and travel and tourism. This announcement follows the release of the 2012 U.S. International Trade in Goods and Services (...
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Manufacturing Share of Total Earnings by Statistical Area

A new report reviews the importance of manufacturing to local economies throughout the United States.  The manufacturing sector added roughly 500.000 new jobs from the beginning of 2010 through the end of 2012, and contributed...
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Employee Compensation per Hour by Major Industry, 2010

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

The U.S. Commerce Department 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 full report can be found online at...
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Crude Oil and Gasoline Prices in 2012

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

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

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. 

Economic Briefing: U.S. International Trade in 2011

Economic Briefing: U.S. International Trade in 2011 Percent Change by year 2007-