Senator Warner, US Mark Doms, Daniel Castro (CDI), Kathleen Phillips (Zillow), T

Washington, D.C. – The U.S. Department of Commerce’s Under Secretary of Economic Affairs Mark Doms spoke at a panel on Capitol Hill today on the value that government data provides our economy, society and the future for U.S. innovation.  The event was hosted by U.S. Senator Mark Warner (D-VA) and the Center for Data Innovation.  Panelists at the event included:  Daniel Castro, Director, Center for Data Innovation; Kathleen Phillips, Chief Operating...
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Value of Government Data Report

The Department of Commerce’s Economics and Statistics Administration (ESA) released a new report today, entitled “Fostering Innovation, Creating Jobs, Driving Better Decisions: The Value of Government Data”, exploring the huge benefits from a relatively small investment in our nation’s statistical agencies.  These agencies collect,...
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US Mark Doms (r) and Census Director John Thompson at the ACS Users Conference

"Better Data for Better Decisions” is my mantra as I crisscross the country talking to people about making the data we collect easier to find, understand and use. Making government data more accessible or “open” to improve government, business and community decisions is a major initiative in the Commerce Department’s “Open for Business Agenda.” The open...
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Assess Costs Everywhere – Now Even Better!

The Assess Costs Everywhere (ACE) tool outlines the wide range of costs and risks associated with offshore production, and provide links to important public and private resources, so that firms can more accurately assess the total cost of operating overseas.  First released in April 2013, today we have updated the data and deepened the analysis, but the original conclusions remain as fresh as ever...
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US Mark Doms at the Open Data Roundtable

Wednesday, June 18, 2014, was a big day for big data. The Commerce Department participated in the inaugural Open Data Roundtable at the White House, with GovLab at NYU and the White House Office of Science and Technology Policy. The event brought businesses and non-profit organizations that rely on Commerce data together with Commerce Department officials to discuss how to make the data we...
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Hurricane Sandy: Economic Conditions in New Jersey and New York Counties Before and After the Storm

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Hurricane Sandy hit New Jersey on October 30, 2012.

Foreign Direct Investment in the U.S.: Part I - Employment

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Many foreigners find that it is a good investment to set up shop in the United States.  They make investments by acquiring company equities, reinvesting earnings, and issuing intercompany debts. The spending is referred to as foreign direct investment (FDI), and it creates millions of American jobs and boosts U.S. economic growth.  Our colleagues at the Bureau of Economic Analysis (BEA) collect and publish quarterly estimates of both foreign multinationals’ inward investment and U.S.

Retail Sales and Dating: Consider the Ex

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As analysts dig into the upbeat retail sales data released June 13th, which saw sales climb a solid 0.6 percent in May, they often focus on the “exes”:  retail sales excluding motor vehicles, excluding gasoline, etc. These data show retail sales without certain industry segments whose volatility might mask underlying sales trends.  Let’s focus briefly on one ex in particular, retail trade excluding motor vehicles, and compare it to our faithful partner, the headline retail sales and food services series. 

Assess Costs Everywhere: Product Quality

 Recalls are Infrequnt, Especially When Goods are Made in the U.S.