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GDP Growth Rate Revised Up

Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. The growth rate was revised up 0.6 percentage point from the "advance" estimate released in October. In the second quarter, real GDP increased 3.9 percent.

U.S. Secretary of Commerce Penny Pritzker Announces First-ever Commerce Data Service

WASHINGTON – Today, U.S. Secretary of Commerce Penny Pritzker announced the launch of the first-ever Commerce Data Service at Techonomy 2015 in Half Moon Bay, CA. Consisting of software engineers, data scientists, computer programmers, and web developers, the mission of Commerce Data Service is to develop cutting-edge software products and web services to improve access to and use of departmental data resources of all 12 bureaus.

International Trade in Goods and Services in September 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the September 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $187.9 billion in September from $184.9 billion in August. The total trade deficit improved by 15 percent in September to $40.8 billion. Exports of total services were a record, reaching $60.6 billion for the month.

Commerce Data Advisory Council to Hold Third Meeting at NOAA Facility in Boulder - See on Live Stream

The 3rd meeting of the Commerce Department’s Data Advisory Council will be held on October 29-30, at the NOAA research facility in Boulder, Colorado. The council will discuss the power of unlocking environmental data, workforce capabilities to improve data operations, cybersecurity issues, and other Council matters. Employees interested in the role Commerce data can play across the public and private sectors are encouraged to follow the live stream.

On Manufacturing Day, U.S. Commerce Department Unveils Report Showing Pay Premium Exists for Manufacturing

WASHINGTON – As "America's Data Agency," the Commerce Department today released a new report drawing on evidence from 10 federal data sets to show that a pay premium exists for workers in manufacturing industries. The report by the Economics and Statistics Administration's Office of the Chief Economist rebuts criticisms about the existence of a manufacturing pay premium, and based on the evidence, clearly demonstrates that manufacturing jobs pay better than jobs in other sectors, with earnings up to 32 percent higher.

International Trade in Goods and Services in July 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the July 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $188.5 billion in July from $187.7 billion in June. The total trade deficit improved by 7.4 percent in July to $41.9 billion. Exports of financial services; other business services; telecommunications, computers, and information services; as well as insurance services all reached records highs in July.

Gross Domestic Product Second Quarter 2015 Statement

WASHINGTON —The U.S. Commerce Department's Bureau of Economic Analysis today released its second estimate of gross domestic product (GDP) growth for the second quarter of 2015. Real GDP rose 3.7 percent at an annual rate in the second quarter, well above the first quarter's 0.6 percent pace and the BEA's initial second-quarter estimate of 2.3 percent growth.

Commerce Data Advisory Council to Hold Second Gathering at Intel Headquarters in Santa Clara

See on Live Stream at 9:00 A.M. PT

SANTA CLARA – The Commerce Data Advisory Council (CDAC) will hold its second meeting at Intel's Headquarters in Santa Clara, California on Thursday, July 30. Appointed by Secretary Pritzker, the 19-member Council provides guidance on areas such as data management practices; common, open data standards; policy issues related to privacy, latency, and consistency; effective models for public-private partnership; external uses of Commerce data; and methods to build new feedback loops between the Department and data users. The Council is comprised of leading technologists and data leaders who work for some of the most innovative public and private sector organizations, including: Intel, Google, IBM, LinkedIn, PayPal, Amazon Web Services, City of San Francisco, Indiana University, and more.

Millennials Outnumber Baby Boomers and Are Far More Diverse, Census Bureau Reports

Millennials Outnumber Baby Boomers and Are Far More Diverse, Census Bureau ReportsMillennials, or America's youth born between 1982 and 2000, now number 83.1 million and represent more than one quarter of the nation's population. Their size exceeds that of the 75.4 million baby boomers, according to new U.S. Census Bureau estimates released today. Overall, millennials are more diverse than the generations that preceded them, with 44.2 percent being part of a minority race or ethnic group (that is, a group other than non-Hispanic, single-race white).

These latest population estimates examine changes among groups by age, sex, race and Hispanic origin nationally, as well as in all states and counties, between April 1, 2010, and July 1, 2014.

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