WASHINGTON – The Commerce Department’s U.S. Census Bureau today released data on new residential construction for May 2011. Permits for new housing units jumped 8.7 percent in May. Private-sector analysts had expected a 0.7 percent decline. Housing starts advanced 3.5 percent in May. Private-sector analysts had expected a 4.8 percent increase. Both permits and starts in April were revised up.

“While May’s housing data exceeded expectations, we recognize the imperative for a continued and full economic recovery that includes a healthy housing sector as well as continued job growth” said Locke. “This administration is committed to pursuing policies that will do just that, helping America win the future,” he said.

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WASHINGTON, D.C. – The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) today reported that foreign direct investment (FDI) in the United States over the past decade has supported more than 5 million U.S. jobs that, on average, paid 30 percent more than other jobs. The findings, presented in a new ESA report entitled “Foreign Direct Investment in the United States,” point the way toward policies that could expand the number of foreign partners investing in the United States and, in so doing, create more high-paying U.S. jobs.

ESA Foreign Direct Investment Issue Brief

WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the October 2012 U.S. International Trade in Goods and Services (PDF) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. In October 2012, imports of goods and services declined 2.1 percent from September to reach $222.8 billion, and exports of goods and services reached $180.5 billion, down 3.6 percent over this period. As a result, the October 2012 international trade deficit increased to $42.2 billion from September, which was better than market expectations.

WASHINGTON, Friday, March 25, 2011 – The U.S. Commerce Department’s Bureau of Economic Analysis today released the third estimate of gross domestic product (GDP) for the fourth quarter of 2010. Real GDP grew 3.1 percent at an annual rate, higher than the previous estimate of 2.8 percent and exceeding private sector expectations. The increase in GDP is a result of higher private investment and inventories than were originally reported.

Washington, D.C., March 4, 2011 - Acting Deputy Secretary Rebecca Blank joined Tina Tchen, executive director of the White House Council on Women and Girls; Preeta Bansal, senior policy advisor and general counsel of the Office of Management and Budget; and a panel of experts at the Center for American Progress today to discuss the findings of a new White House report, “Women in America: Indicators of Social and Economic Well-Being.” The discussion focused on women’s present role in families, education, employment, health, and crime in American Society.