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Businesses Commit to Alleviate Their Suppliers’ Capital Costs

Photo of Susan HelperA recently released Department of Commerce report, "The Economic Benefits of Reducing Supplier Working Capital Costs," highlighted how much the viability of our nation's supply chain depends on large firms paying on time.  Our small manufacturing firms—which account for more than 1/3 of manufacturing shipments and close to half of employment—fa

The Value of Government Weather and Climate Data

The U.S. Commerce Department’s National Oceanic and Atmospheric Administration (NOAA) collects weather and climate data. As we noted in a recent Commerce Department report on the Value of Government Data, the return to society on investment in government meteorological data is large.

Who is Buying American? Considering U.S. Exports

U.S. goods exports reached over 200 countries in 2013. Some buy more, others buy less, but all buy from America. At first blush, our export markets appear fairly concentrated, geographically speaking (see Figure 1 below). For example, Canada, Mexico, China, Japan, and Germany—our top 5 export markets measured by the value of exports in 2013—collectively captured almost half of the $1.6 trillion in U.S. goods exports, and the top 20 goods export markets as of 2013, captured 78 percent of U.S. export value.

Recent U.S. Export Trends and Foreign Economic Growth

U.S. exports have continued to grow and reach record levels in each of the last few years.  Moreover, forecasters such as the International Monetary Fund (IMF) predict that the world economy will strengthen in the next couple of years, which should further boost U.S. exports.  Today’s blog examines the potential impact of the economies of our trading partners on U.S. exports.

Earnings of New Hires in Manufacturing: Wage Benefits Continue

Recent data confirms previous findings by the Commerce Department’s Economics and Statistics Administration (ESA): new hires in manufacturing continue to earn an average of 38 percent more than their counterparts in non-manufacturing jobs, according to 2012 data. 

Measuring Bytes across Borders

Digitally-deliverable services such as banking and telecommunications are important contributors to U.S. trade and the overall trade balance. When these services are considered as inputs throughout the production process, their value is even more apparent. Virtually no good or service is produced in the United States without input from one of the many digitally-deliverable services. Furthermore, the recent trend towards increased digitization shows no signs of slowing down.

The Impact of the Government Shutdown on the Economic Data Releases

Every month the Department of Commerce’s statistical agencies -- the U.S. Census Bureau and Bureau of Economic Analysis (BEA) --release approximately one dozen principal federal economic indicators (PFEIs) through their parent organization, the Economics and Statistics Administration (ESA). So, exactly what impact did the 16-day government shutdown in October have on those critical data releases?

Spotlight on #GivingTuesday, December 3, 2013

Tuesday, December 3, 2013 marks the first anniversary of #GivingTuesday, a national day of giving at the start of the annual holiday season that celebrates and encourages charitable activities that support non-profit organizations.

Understanding the Trend in Multi-Family Housing Growth During the Recovery

As the housing market continues to recover from the recession, it is interesting to look at how the makeup of the market has changed. As we can see from the following chart, multi-family housing starts have returned to more than 70 percent of their pre-recession peak, while single-family housing starts have only recovered a small amount from their recession low. Moreover, multi-family housing has grown in most major metropolitan areas over the last few years, not just a few large cities.

Expanding Broadband Access to Businesses Nationwide

Just as more Americans are finding broadband essential to life at work and home, most businesses also need high-speed Internet service to remain competitive. The nation has made good headway in efforts to expand broadband access to work places, according to a new report from the U.S. Commerce Department’s National Telecommunications and Information Administration (NTIA) and Economic and Statistics Administration (ESA).

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