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Jobs, the Skills Gap and Local Communities

Chief Economist Dr. Sue Helper spoke on “Jobs, the Skills Gap and Local Communities” at the Metro Economies Committee Meeting of the U.S. Conference of Mayors 82nd Winter Meeting in Washington, D.C.  Pictured left to right are Dr. Sue Helper, Mayor John Dickert of Racine, WI and Mayor Greg Fischer of Louisville, KY.

The 10th U.S.-China JCCT Statistics Working Group Meeting

Washington, D.C. - November 19, 2013, Department of Commerce Chief Economist Sue Helper and Deputy Assistant US Trade Representative William Shpiece meet with Deputy General Director, Department for General Economic Affairs, Ministry of Commerce of China Song Lihong. This meeting, held under the auspices of the U.S.-China Joint Commission on Commerce and Trade (JCCT), is used as a forum to discuss cooperative measures on bilateral trade statistics. Pictured from left to right are: Han Xi, Liu Ying, William Shpiece, Song Lihong, Susan Helper, Yuan Haiying, Zhang Wei, Wang Jingang.

Manufacturer's Shipments, Inventories, and Orders

September 2013 new orders for manufactured goods increased 1.7 percent, to $490.8 billion. This followed a 0.1 percent decrease in August. September shipments rose 0.1 percent, to $488.9 billion. This followed a 0.2 percent August increase. September unfilled orders rose 0.9 percent, to $1,041.7 billion. This followed a 0.1 percent August increase. And September inventories rose 0.4 percent, to $634.0 billion. This followed a 0.2 percent August increase.

New Residential Construction

Building permits in August 2013 were at a seasonally adjusted annual rate (SAAR) of 918,000, down 3.8 percent from the revised July rate and up 11.0 percent from August 2012. Housing starts in August 2013 were at a SAAR of 891,000, up 0.9 percent from the revised July estimate and up 19.0 percent from August 2012.

Dr. Sue Helper Named U.S. Commerce Department Chief Economist

WASHINGTON — The U.S. Department of Commerce today announced that Dr. Susan Helper will serve as the department’s new Chief Economist, a post within Commerce’s Economics and Statistics Administration. For the past year, Dr. Helper served as Senior Economist at the Council of Economic Advisers.

Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services In June 2013

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the June 2013 U.S. International Trade in Goods and Services data. U.S. exports of goods and services grew to $191.2 billion, from $187.1 billion in May, with monthly exports reaching an all-time record.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in July 2012

Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the July 2012 U.S. International Trade in Goods and Services report (July 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in July 2012 were down 1.0 percent from June 2012 to reach $183.3 billion and imports declined 0.8 percent to $225.3 billion.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2012

WASHINGTON, D.C. – The Commerce Department’s U.S. Census Bureau today released new residential construction data for July 2012. Permits for new housing units were up 6.8 percent from June and up 29.5 percent from July 2011. Housing starts for July 2012 were down 1.1 percent from June, but up 21.5 percent from July 2011.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in June 2012

WASHINGTON, D.C. – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the June 2012 U.S. International Trade in Goods and Services (June 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. The U.S. trade deficit in June shrank a significant 10.7 percent from May, to $42.9 billion, exceeding private-sector expectations. Exports grew a strong 0.9 percent, to a record $185.0 billion, and imports declined 1.5 percent, to $227.9 billion. June exports of goods ($132.8 billion) were also the highest on record.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on the Advance Estimate of GDP in the Second Quarter of 2012

The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2012. Real GDP grew 1.5 percent at an annual rate in the second quarter, consistent with private sector expectations.

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