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September 2011 exports highest on record

Economic Indicator: Foreign trade data show U.S. well on its way to NEI goal of doubling exports in five years

Broadband Internet Adoption Moves Forward, but Digital Divide Still Persists

The Economics and Statistics Administration (ESA) and the National Telecommunications and Information Administration (NTIA) released a report today entitled "Exploring the Digital Nation:  Computer and Internet Use at Home." This report investigates broadband Internet use in the United States and finds that disparities continue to exist in broadband Internet adoption among demographic and geographic groups.

Economic Indicator: Tough Economic Times Continue for State and Local Governments

Last week's gross domestic product (GDP) report confirmed that our economy continues to grow (2.5 percent in the third quarter), although not as quickly as we would like.

Economic Indicator: GDP and Jobs - What’s Going On?

Let's go back in time by 2 months to August:  stock markets were reeling and fears of a double dip recession were being increasingly espoused (at least according to Google's recollection) and a measure of consumer sentiment plunged.  However, a funny thing happened to those naysayers' predictions: the economy continued to grow, clearly not strongly enough, but it continued to grow.  Consumers 

Economic Indicator: Jobs Numbers Don’t Show Double Dip

Given the turmoil in world financial markets over the past couple of months, with stock market indices testing new yearly lows, fears about the U.S. labor market and economy have been amplified; according to Google search, "double dip" became an increasingly popular search term (and not because of a surge in the demand for ice cream). 

Education Promotes Racial and Ethnic Equality in Science, Technology, Engineering and Math Jobs

Yesterday, ESA released a report examining the representation of minorities in science, technology engineering and mathematics (STEM) jobs -- the third in a series of reports on STEM.   Education Helps to Enable Racial and Ethnic Equality in STEM suggests that higher education is a gateway to high-quality, high-paying STEM jobs, and demographic groups with higher college graduation rates tend to see higher shares of STEM workers.

NO SMOKE AND MIRRORS FOR GDP: A Note on BEA’s Recent Revisions

Today's second estimate of GDP for the second quarter of 2011 showed that growth was revised down from 1.3 percent to 1.0 percent. BEA revises its GDP estimates frequently, but that's actually a good thing for policy makers, because revisions incorporate new and better information that becomes available. And that provides a better understanding of what's actually happening in the economy.

Economic Indicator: Foreign trade and the value of international tourists to the U.S. economy

Living in Washington, D.C. is a constant reminder of the draw of our nation's capital for tourists from all over the world.  When foreign visitors come to the United States, they spend money on hotels, restaurants, donuts, and other U.S. goods and services. This influx of cash helps our economy, but by how much? 

STEM: Where are the women?

Today ESA released the second in a series of reports on STEM – science, technology, engineering and mathematics: Women in STEM:  A Gender Gap to Innovation finds that women earn significantly more in STEM than non-STEM professions, and experience a smaller wage disparity -- yet they are woefully underrepresented in STEM college degrees and professions.

Economic Indicators: 2011 Q2 GDP and Annual Revisions

This morning the Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate of Gross Domestic Product (GDP) for the second quarter of 2011. The economy grew at a 1.3-percent pace in the second quarter following 0.4-percent growth in the first quarter. On the one hand, GDP has grown for eight consecutive quarters. On the other, our economy has been hit with some pretty heavy headwinds, like sharp jumps in energy prices, stress in European financial markets, and supply chain disruptions from the tragedy in Japan.

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