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Electronic and Mail Order Sales Jump 14 Percent Over The Year

Monday, July 16th, the Census Bureau will release its June advance estimates of retail sales.  Current consensus expectations are for sales to tick up following two months of declines.  When the data come out, many of us will jump right to the figures for general merchandise stores.

Manufacturing Workers Enjoy Higher Pay, More Benefits

Earlier today, we released "The Benefits of Manufacturing Jobs," an analysis of wages and benefits of manufacturing workers.  The report finds that total hourly compensation for manufacturing workers is 17 percent higher than for non-manufacturing workers (Figure 1).  This includes premiums in both wages and employer-provided benefits, such as health insurance and retirement plans. 

Economic Briefing April 24, 2012: STEM Across the “Gen(d)erations”

Last year, ESA issued a series of reports on science, technology, engineering, and mathematics (STEM) employment.  Newer data are now available and we updated some key results from these reports. Overall, the new data reaffirm the importance of STEM jobs to the U.S. economy (we are happy to share the details with anyone who is interested).

Economic Indicator: Retail Sales Growth Strong Over Past 12 Months

Retail sales increased a strong 0.8 percent in March (exceeding expectations) following similarly strong gains in January and February.  Taken together, retail sales grew a whopping 8.0 percent at an annual rate from the fourth quarter of 2011 to the first quarter of 2012 and jumped 6.4 percent from the same quarter last year.

Small-and-medium-sized Companies Increasingly Contribute to U.S. Exports

Yesterday, the Census Bureau and the Bureau of Economic Analysis released the International Trade in Goods and Services report for February 2012.  The U.S. international trade deficit decreased from $52.5 billion (revised) in January to $46.0 billion in February, as imports decreased and exports increased.  U.S. exports increased slightly from January 2012 to $181.2 billion.  Through the first two months, U.S. exports of goods and services are up 8.5 percent over the same period of 2011. 

Intellectual Property-Intensive Industries Contribute $5 Trillion, 40 Million Jobs to US Economy

America's entrepreneurs, businesses, and workers are the primary source of new ideas that drive innovation. Patents, trademarks, and copyrights – the main protections in our IP system – are critical tools that help commercialize innovative, game-changing ideas, from advances in healthcare technology to improved consumer products. By creating a better environment for our private sector to capitalize those ideas, IP protections help foster the innovation and creativity that leads to a stronger economy and more jobs.

The U.S. Motor Vehicle Industry: Roaring Back in 2012

By any variety of measures, the U.S. motor vehicle industry has made a remarkable comeback after experiencing an incredibly deep decline during the most recent recession.  To answer the question of "just how much the motor vehicle industry has comeback?," this blog examines the recent increases in production, employment, exports, and sales.

Vehicle Sales Start Strong in 2012

One closely followed measure of consumer spending is motor vehicle sales (where "motor vehicle" means cars and light trucks), and as you've likely seen in the news, motor vehicle sales have taken off in the first three months of 2012.

Manufacturing doing pretty well so far in 2012

In case you missed it yesterday, data on orders and shipments of durable goods (which account for around half of all manufacturing output and value added) were released by the U.S. Census Bureau.  This is a good opportunity to assess how the manufacturing sector in 2012 is doing, and to do that, we look at a variety of indicators.   

International Trade: U.S. and India


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