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Statement from U.S. Commerce Secretary Gary Locke on Retail Sales in February 2011

Submitted on March 11, 2011 - 1:43pm

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for February 2011. Retail sales jumped 1.0 percent, a strong monthly gain and the eighth consecutive monthly increase. This figure was slightly below private-sector expectations of a 1.2-percent gain. Sales at motor vehicle dealers increased 2.3 percent. Sales excluding automotive dealers increased 0.7 percent, consistent with private-sector expectations of a 0.7 percent gain.

application/pdf iconStatement from Secretary Locke on Retail Sales, February 2011

Statement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services

Submitted on March 10, 2011 - 10:41am

WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the January 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in January 2011 increased 2.7 percent from December 2010 to $167.7 billion, the highest level for monthly exports on record with record exports in both exports of goods ($120.5 billion), and exports of services ($47.2 billion). U.S. imports of goods and services increased 5.2 percent over this period to $214.1 billion, causing the U.S. trade deficit to increase 15.1 percent since December 2010 to reach $46.3 billion in January 2011.

application/pdf iconStatement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services

Acting Deputy Secretary Rebecca Blank Discusses New Women in America Report at Center for American Progress

Submitted on March 7, 2011 - 3:28pm
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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.

White House Releases First Comprehensive Federal Report on the Status of American Women in Almost 50 Years

Submitted on March 1, 2011 - 1:10pm
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Report released on first day of Women's History Month

Statement from U.S. Commerce Department Chief Economist Mark Doms on Personal Income and Outlays in January 2011

Submitted on February 28, 2011 - 9:46am
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WASHINGTON -- The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for January 2011. Personal income increased 1.0 percent in January, exceeding private-sector expectations of a 0.4-percent rise. Wages and salaries, the largest component of income, rose 0.3 percent, perhaps hampered by more severe than usual weather in some parts of the country. Real consumer spending edged down 0.1 percent in January but has already risen 0.8 percent at an annual rate above its fourth-quarter average.

Statement from U.S. Commerce Department Chief Economist Mark Doms on the Second Estimate of GDP for the Fourth Quarter of 2010

Submitted on February 25, 2011 - 10:47am
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WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the fourth quarter of 2010. Real GDP grew 2.8 percent at an annual rate, less than expectations and revised down from the 3.2-percent advance estimate. The downward revision reflects a wider trade deficit, reduced state and local government spending, and lower personal consumption.

application/pdf iconStatement from U.S. Commerce Department Chief Economist Mark Doms on the Second Estimate of GDP for the Fourth Quarter of 2010

Statement from U.S. Commerce Secretary Gary Locke on Retail Sales in January 2011

Submitted on February 15, 2011 - 11:53am

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for January 2011. Retail sales rose 0.3 percent in January. This figure was slightly below private-sector expectations of a 0.6-percent gain. Excluding automobiles, retail sales grew 0.3 percent in January. Sales at motor vehicle dealers increased 0.6 percent. “Retail sales, along with other indicators of consumer spending, continues to show growth following strong gains in the second half of 2010,” U.S. Commerce Secretary Gary Locke said.

application/pdf iconStatement on Retail Sales, January 2011

Statement from U.S. Commerce Secretary Gary Locke on December 2010 U.S. International Trade in Goods and Services

Submitted on February 11, 2011 - 1:35pm
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WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the December 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in December increased 1.8 percent from November to $163 billion. U.S. imports of goods and services increased 2.6 percent to $203.5 billion, with the overall trade deficit growing by 5.9 percent in December to $40.6 billion. After dropping 14.6 percent in 2009, exports grew 16.6 percent in 2010, compared with an average annual rise of 11.2 percent during 2002-2008.

application/msword iconStatement by Secretary Locke on International Trade in Goods and Services

Chief Economist Doms Delivers Key Address on Economic Outlook for 2011

Submitted on February 10, 2011 - 11:50am
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Chief Economist Mark Doms speaks in KY at 22nd Annual Outlook Conference

Lexington, KY, February 1, 2011 - Chief Economist Mark Doms made a presentation entitled “Innovation, Competitiveness, Economic Growth and Public Policy” at the 22nd Annual Economic Outlook Conference for 2011 sponsored by the University of Kentucky’s Gatton College of Business and Economics at the Lexington Convention Center.

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Statement from U.S. Commerce Department Acting Deputy Secretary Rebecca Blank on Personal Income and Outlays in December 2010

Submitted on January 31, 2011 - 11:54am
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WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for December 2010. Personal income and real personal consumption expenditures rose 0.4 in December, consistent with private-sector expectations. In November, personal income rose a similar 0.4 percent. “Today’s data show consumer spending clearly accelerated at the end of last year,” said U.S. Commerce Department Acting Deputy Secretary Rebecca Blank. “Personal income also posted stronger gains in the fourth quarter compared to the third. Looking ahead, we expect disposable personal income to get a boost from the Middle Class Tax Relief Act of 2010, which increases the take-home pay of many working families.

application/pdf iconStatement on Personal Income and Outlays by Deputy Secretary Rebecca M. Blank