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

WASHINGTON - The Commerce Department's U.S. Census Bureau today released June 2012 data on new residential construction. Housing starts in June 2012 were at a seasonally adjusted annual rate of 760,000, up 6.9 percent from May’s revised estimate and up 23.6 percent from June 2011. Starts of multifamily structures increased 12.8%, and single-family starts rose 4.7%. Building permits for the month were at a seasonally adjusted annual rate of 755,000, down 3.7 percent from the revised May rate but up 19.3 percent from one year earlier.

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

WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the May 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in May 2012 increased 0.2 percent from April 2012 to reach $183.1 billion, with record exports in total services ($52.4 billion), and foods, feeds, and beverages ($11.8 billion).

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

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released new residential construction data for May 2012. Permits for new housing units climbed 7.9 percent from April. Housing starts were down 4.8 percent from April but up 28.5 percent from May 2011.

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in April 2012

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the April 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in April 2012 were down 0.8 percent from March 2012 to reach $182.9 billion.

U.S. goods and services exports year-to-date through the first four months of 2012 were up 6.0 percent or $41.4 billion from the same period of 2011 to reach $725.8 billion.

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in March 2012

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the March 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in March 2012 were up 2.9 percent from February 2012 to reach a record $186.8 billion. Record highs were seen in U.S. exports of both total services ($54.1 billion), and goods ($132.7 billion), with record levels of exports of industrial supplies ($44.3 billion) and capital goods ($44.4 billion).

New U.S. Commerce Department Report: Manufacturing Jobs Provide Higher Pay, More Benefits

Manufacturing jobs becoming more skilled and heavily reliant on science, technology, engineering and math (STEM) fields.

WASHINGTON, May 9, 2012 – The U.S. Commerce Department’s Economics and Statistics Administration (ESA) today released “The Benefits of Manufacturing Jobs,” an analysis of wages and benefits of manufacturing workers, which finds that total hourly compensation for manufacturing workers is 17 percent higher than for non-manufacturing workers. This includes premiums in both wages and employer-provided benefits, such as health insurance and retirement plans.

Statement from Deputy U.S. Commerce Secretary Rebecca Blank on Personal Income and Outlays in March 2012

WASHINGTON – The Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for March 2012. Personal income increased 0.4 percent from February to March, slightly above private sector expectations for an 0.2 percent rise. Real personal consumption expenditures (PCE) increased 0.1 percent and nominal PCE rose 0.3 percent. Real disposable personal income (DPI) increased 0.2 percent and nominal DPI rose 0.4 percent. The personal saving rate as a percentage of DPI was 3.8 percent in March.

Statement from U.S. Commerce Secretary John Bryson on Retail Sales in March 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau released retail sales data for March 2012 this morning. Retail and food services sales were $411.1 billion, growing 0.8 percent from February to March 2012 and increasing 6.5 percent from one year earlier. This exceeds private-sector forecasts of an 0.3 percent monthly increase. Excluding automobiles, retail and food services sales in March were $338.1 billion, up 0.8 percent from February (compared with private sector expectations for 0.5 percent) and up 6.1 percent from March 2011.

Statement from Commerce Secretary John Bryson on International Trade in Goods and Services in February 2012

U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the February 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in February 2012 were up 0.1 percent from January 2012 to reach a record $181.2 billion. In addition, record highs were seen in U.S. exports of total services ($53.2 billion), and capital goods exports ($43.2 billion).

US Commerce Department Releases New Report Showing Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy

WASHINGTON, April 11, 2012 – The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).

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