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Listening to Local Businesses in South Carolina

In the heart of South Carolina’s picturesque horse community, I sat down at the Aiken County Chamber of Commerce to begin the first of two White House Business Council roundtable discussions with local business owners in Aiken and Columbia, S.C. These discussions, focused on rural communities during the month of August, are designed to provide an intimate forum for local businesses to discuss the obstacles they face in creating jobs and growing their businesses.

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

WASHINGTON – The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for July 2011. Personal income rose 0.3 percent in July, slightly below private-sector forecasts of a 0.4-percent increase, though personal income in both May and June was revised upward. Wages and salaries, the largest component of income, rose 0.4 percent. Real consumer spending jumped 0.5 percent, consistent with expectations, representing the largest monthly increase in real consumer spending since August 2009.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2011

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released data on new residential construction for July 2011. Permits for new housing units fell 3.2 percent following a small increase in June. Private-sector analysts had expected a 1.8-percent decline. The decrease was driven by multi-family homes with five or more units. Permits for single-family homes and those with two-to-four units both increased. Housing starts declined 1.5 percent in July after a large increase in June. Private-sector analysts had expected a 4.6-percent decrease.

Statement from Acting U.S. Commerce Secretary Dr. Rebecca Blank on Retail Sales in July 2011

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for July 2011. Retail sales increased 0.5 percent, similar to private-sector expectations, and sales in May and June were revised upward, each by 0.2 percent. Motor vehicle sales increased 0.5 percent in July, and sales at gasoline stations jumped 1.6 percent. Sales excluding those at motor vehicle and parts dealers and gasoline stations also rose 0.5 percent.

Statement from Acting U.S. Commerce Secretary Dr. Rebecca Blank on Retail Sales in July 2011

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for July 2011. Retail sales increased 0.5 percent, similar to private-sector expectations, and sales in May and June were revised upward, each by 0.2 percent. Motor vehicle sales increased 0.5 percent in July, and sales at gasoline stations jumped 1.6 percent. Sales excluding those at motor vehicle and parts dealers and gasoline stations also rose 0.5 percent.

Statement from Acting U.S. Commerce Secretary Dr. Rebecca Blank on Retail Sales in July 2011

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for July 2011. Retail sales increased 0.5 percent, similar to private-sector expectations, and sales in May and June were revised upward, each by 0.2 percent. Motor vehicle sales increased 0.5 percent in July, and sales at gasoline stations jumped 1.6 percent. Sales excluding those at motor vehicle and parts dealers and gasoline stations also rose 0.5 percent.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on U.S. International Trade in Goods and Services in June 2011

WASHINGTON, D.C. – Acting U.S. Commerce Secretary Rebecca Blank issued the following statement today on the release of the June 2011 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 June 2011 decreased 2.3 percent from May 2011 to $170.9 billion. The monthly export value for U.S. consumer goods ($15.0 billion) was the highest on record. U.S.

New Commerce Department Report Finds Greater Wage Parity, Premium for Women in STEM Jobs

WASHINGTON, D.C. – The U.S. Commerce Department’s Economics and Statistics Administration (ESA) today issued the second in a series of reports on science, technology, engineering and mathematics (STEM) jobs and higher education.

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

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays data for June 2011. Personal income rose 0.1 percent in June, consistent with private-sector forecasts. Wages and salaries, the largest component of income, remained unchanged despite a decline in June hourly earnings. Real consumer spending was also unchanged, in line with private-sector expectations.

Statement from U.S. Commerce Secretary Gary Locke on the Advance Estimate of GDP for the Second Quarter of 2011

WASHINGTON, D.C. – 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 2011. Today’s release also contained revisions to prior years. Real GDP grew 1.3 percent at an annual rate, below private-sector expectations of 1.8-percent growth and up from 0.4-percent growth in the first quarter, which was revised down from 1.9 percent.

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