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Foreign Direct Investment in the United States: Update to 2013 Report

Office of the Chief Economist SealThe United States remains an attractive destination for foreign direct investment (FDI) for a variety of reasons, including a large consumer base, a productive workforce, a highly innovative environment, and legal protections.  As a result, foreign firms make investments in the United States on a regular basis by establishing new operations, purchasing existing operations of another company, or providing additional capital to their existing U.S. operations. This report, which updates a report released in 2013, examines recent trends in FDI and highlights newly released “greenfield” FDI data from the Bureau of Economic Analysis (BEA).1 Foreign direct investment trends identified in the earlier report have continued to 2015.

Digital Matching Firms: A New Definition in the “Sharing Economy” Space

Office of the Chief Economist SealIncreasingly, consumers and independent service providers are engaging in transactions facilitated by an Internet-based platform. The digital firms that provide the platforms are often collectively referred to as belonging to the "sharing" or "collaborative" economies, among other descriptors.

What is Made In America?

Made In America Industry Collage

Ninth in a Series of Manufacturing Profiles: What is Made in America? These profiles are a follow-up to the ESA report "What is Made in America?" which estimates the dollar value and domestic-production percentage of what America produces.

Made In America: Primary Metal Products

In 2013, shipments from the U.S. manufacturing sector totaled $5.8 trillion. How much of these shipments do we make in the United States? This series of manufacturing profiles by the U.S. Commerce Department's Office of the Chief Economist (OCE) will answer that question one industry at a time. This ninth profile explores primary metal products. Previous profiles examined machinery; food, beverages and tobacco products; transportation equipment (excluding motor vehicles); chemicals; apparel, leather, and allied products; petroleum and coal productscomputer and electronic products; and fabricated metal products.

The Pay Premium for Manufacturing Workers as Measured by Federal Statistics

Historically, manufacturing jobs have offered relatively high pay. However, there is not a consensus on the size of the pay premium for manufacturing jobs relative to the economy as a whole or even whether a premium continues to exist. This report turns to evidence to answer those questions, using ten federal datasets, each of which allows us to calculate and compare the average pay of manufacturing workers and the average pay of workers overall. The following datasets are included:

Taking the High Road: New Data Show Higher Wages May Increase Productivity, Among Other Benefits

There is a wealth of evidence that manufacturing jobs are good jobs. But not all manufacturing jobs are created equal. Published data highlight the considerable variation in pay and productivity across manufacturing industries. For example, workers in the computer and electronic product manufacturing industry earn an average of $34 per hour (as of May 2015), while those in apparel manufacturing earn an average of $17 per hour.

Temporary Help Workers in the U.S. Labor Market

The number of jobs in the temporary help services industry reached an all-time high of 2.9 million in May 2015, accounting for 2.4 percent of all private sector jobs in the U.S. economy. This short report looks at the latest official U.S. government statistics on the temporary help services industry and its workforce to provide an overview of its role in the labor market and the U.S. economy. The temporary help services industry tends to be a leading indicator of employment and fluctuates with the business cycle.

The Value of the American Community Survey: Smart Government, Competitive Businesses, and Informed Citizens

Cover Image - The Value of the American Community Survey: Smart Government, Competitive Businesses, and Informed CitizenThe American Community Survey (ACS) is the largest continuous household survey in the United States, providing a wealth of information about the economic, social, and demographic characteristics of persons, as well as housing characteristics.

An Update on Temporary Help in Manufacturing

The temporary help services industry has bounced back from the recession and continues to grow.  Newly available data are enabling the Economics and Statistics Administration (ESA) to re-examine this important industry and update a report on the temp industry that we published last year.1 Although we don't know exactly how many temporary workers actually work in the manufacturing sector, we estimate that temps fill somewhere in the range of 8 to 10 percent of all jobs in production occupations in the manufacturing sector.2 Because temps are not counted as manu

Supply Chain Innovation: Strengthening America’s Small Manufacturers

Small firms play an increasingly important role in U.S. manufacturing, and now account for almost half of America's manufacturing employment.

Dense networks of these small manufacturers are vital to the process of taking a product from concept to market, and the exchange of manufacturing know-how across suppliers is essential for the diffusion of the new products and innovative processes that give U.S. manufacturing its cutting edge. 

The Importance of Data Occupations in the U.S. Economy

The growing importance of data in the economy is hard to dispute. But what does this mean for workers and jobs? A lot, as it turns out: higher paying (over $40/hour), faster growing jobs.

In this report we identify occupations where data analysis and processing are central to the work performed and measure the size of employment and earnings in these occupations, as well as in the industpies that have the highest concentration of these data occupations.

Competition Among U.S. Broadband Service Providers

More than one quarter of American homes have not adopted Internet service, many citing cost as their primary reason. Since market competition can significantly affect consumer prices, we set out to ask: how many Internet service providers (ISPs) are available to consumers at different levels of download speeds?

The Economic Benefits of Reducing Supplier Working Capital Costs

Large firms depend on suppliers for most of their value-added. Many suppliers are small and their viability is closely tied to their ability to access and manage working capital. The Obama Administration’s SupplierPay initiative was developed to bring companies together to address the working capital challenges facing small firms. This paper explores the potential economic benefits -- throughout the supply chain -- of reducing suppliers’ working capital costs.

Temporary Help in Manufacturing

The temporary help services industry has bounced back from the recession and continues to grow. According to data from the Bureau of Labor Statistics’ Current Employment Statistics (CES) program, the temporary help industry only accounts for 2 percent of all employment in the U.S. economy (as of July 2014), but accounts for 11 percent of all the jobs created since the end of the recession. Growth has continued steadily in 2014, with 107,100 temp jobs added during the first seven months of the year.

Fostering Innovation, Creating Jobs, Driving Better Decisions: The Value of Government Data

Executive Summary

Everyone is talking about the importance of data to our society as data improves all of our decisions: those we make as individuals, as businesses, as governments.

Government has been in the data business for quite some time, going back to the first Decennial Census in 1790. Since then, the U.S. Government has played a key role in providing valuable data to our country.

The Systemically Important Auto Supply Chain

NABE Industry Conference, May 29, 2014 - Keynote address "The Systemically Important Auto Supply Chain" delivered by Dr. Susan Helper, Chief Economist, The Department of Commerce.

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