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Commerce Department Hosts First Meeting of 2010 Federal Economic Statistics Advisory Committee

U.S. Commerce Department Acting Deputy Secretary Rebecca M. Blank welcomed members of the newly-formed Federal Economic Statistics Advisory Committee (FESAC) Friday during the group's first meeting as a function of the Commerce Department. The committee will advise agency heads of the U.S.

Acting Deputy Secretary Blank Speaks at U.S. Chamber of Commerce on Women In Business and the Economy

WASHINGTON, December 14 — Commerce Acting Deputy Secretary Rebecca Blank discussed women in business at a forum today at the U.S. Chamber of Commerce. Dr. Blank highlighted key findings from a recent Commerce Department report on “Women-Owned Businesses in the 21st Century,” produced by ESA, and addressed the prospect and opportunities of starting a business in today’s economy.

The Women in Business forum included a series of remarks and panels with successful women from the public and private sectors.

ESA's White Receives 2010 Presidential Rank Award

Secretary Gary Locke and Acting Deputy Secretary Rebecca Blank join ESA in congratulating James K. (Kim) White for receiving the Presidential Distinguished Rank Award. Conferred by the President of the United States, the Distinguished Rank Award is considered the Nation’s highest civil service award, recognizing the extraordinary accomplishments of a small number of career Senior Executive Service leaders, professionals, and scientists who have consistently demonstrated excellence in results-oriented leadership and unsurpassed service to the nation.

Statement from Commerce Under Secretary Rebecca Blank on the Second Estimate of GDP in the Third Quarter of 2010

WASHINGTON, November 23 — The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2010. Real GDP grew at a 2.5 percent annual rate in the third quarter, revised up from the advance estimate of 2.0 percent and slightly higher than private-sector expectations of a 2.4 percent increase. The upward revision reflected data that were not available for the advanced estimate.

September Marks the Fifth Consecutive Month of Double-Digit Travel and Tourism Export Growth

According to newly released data from the Commerce Department, international visitors traveling to the United States pumped an estimated $11.7 billion into the U.S. economy during the month of September, up $1.7 billion compared to the same period last year. This marks the fifth month of double-digit growth and ninth straight month of overall growth in U.S. travel and tourism exports. Total travel and tourism-related exports have increased, on average, $1.2 billion a month in 2010.

Commerce Department Under Secretary for Economic Affairs Rebecca Blank Named Acting Deputy Secretary

WASHINGTON, November 18 — The U.S. Commerce Department announced today that Rebecca Blank, currently the Under Secretary for Economic Affairs, will become its Acting Deputy Secretary. In her new, temporary role, she will focus on matters of management and policy for the department’s 12 bureaus, functioning as Commerce’s chief operating officer.

New Commerce Department Reports Lay Foundation for Measuring Green Economy, Carbon Dioxide Emissions

Washington, DC - The U.S. Commerce Department’s Economics and Statistics Administration today released two new reports: one that defines and measures the size and scope of the green economy and another that looks at the ways in which the American economy's greenhouse gas emissions have changed over the past decade. Together, they provide valuable analytic tools needed to understand the emerging green economy, quantify greenhouse gas emissions and help inform future policy decisions.

Report on Gross Domestic Product Statistics for Four U.S. Territories Released

Washington, DC—The U.S. Department of Commerce released newly-developed Gross Domestic Product (GDP) statistics for American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands. The statistics are a product of a joint effort of the Department of Commerce’s Bureau of Economic Analysis and the Interior Department’s Office of Insular Affairs.

Commerce Issues Report on Role of Patent Reform in Supporting Innovation and Job Creation

Reforming America’s patent system will accelerate economic growth and job creation, and expand America’s ability to innovate, according to a new report released today by the U.S. Department of Commerce. The paper, titled “Patent Reform—Unleashing Innovation, Promoting Economic Growth and Producing High-Paying Jobs,” was authored by the Commerce Department’s Chief Economist Mark Doms, the United States Patent and Trademark Office’s (USPTO’s) Chief Economist Stuart Graham and USPTO’s Administrator for External Affairs Arti Rai.

New Commerce Report Shows Growing Exports Key to Job Creation

Washington, DC – A U.S. Department of Commerce report released today confirms the importance of exports to the U.S. economy and the increasingly globalized marketplace. According to Exports Support American Jobs, in 2008, exports accounted for a record 12.7 percent of U.S. gross domestic product (GDP), and during a period of relatively flat job growth across the economy, supported a record number of jobs – more than 10 million.

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