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Data is the Key to the Factory of the Future

New tool shows manufacturing in America carries huge potential savings; a reshoring success “toy story”

This week, as we celebrate the country’s vital manufacturing sector, we are excited to unveil a new tool that will allow manufacturers to calculate potentially significant savings that can be realized by manufacturing in America.

GDP Turns up in Second Quarter

Real gross domestic product (GDP) increased 4.6 percent in the second quarter of 2014, according to the "third" estimate released by the Bureau of Economic Analysis. The second-quarter growth rate was revised up 0.4 percentage point from the "second" estimate released in August. In the first quarter, real GDP decreased 2.1 percent.

Data Innovation Summit: Taking Advantage of Boston’s Big Data Movement

I was honored to deliver the keynote address this morning to over 800 of today's data leaders.  In preparation I had one goal: to tell the story of data -- how far the Department of Commerce has come and it's potential for the future. These are exciting times. Over the past decade, jobs in data fields have grown at a rate 6 times faster than the economy as a whole, and these jobs pay 73% more than the typical American job.

Lessons Learned: Exploring the Value of Open Data on Capitol Hill

United States Senator Mark Warner (VA) with Under Secretary Mark Doms at Capitol Hill Briefing on the value of government data.Government data helps drive our economy and will increasingly become more important in the future.

Government Data: the Driver of Innovation

Daniel Castro, Director, Center for Data InnovationWhen the U.S. government began gathering data for the first decennial census in 1790, few would have predicted the enormous role that government-collected data would eventually have on the nation.

1776 Roundtable: Businesses Growing Out of Data

US Mark Doms Addresses Businesses at 1776Washington, D.C. - Yesterday morning, I visited start-up hub1776, to discuss the Department of Commerce's efforts to make government data more accessible and informative – to build businesses, grow the economy and help governments and individuals make more informed decisions.

The Value of Government Weather and Climate Data

The U.S. Commerce Department’s National Oceanic and Atmospheric Administration (NOAA) collects weather and climate data. As we noted in a recent Commerce Department report on the Value of Government Data, the return to society on investment in government meteorological data is large.

BEA’s New Statistical Product Enriches Understanding of Consumer Behavior at the State Level

On August 7th, the Commerce Department's Bureau of Economic Analysis (BEA) will premiere a new report on consumer spending, "Personal Consumption Expenditures by State." This represents a major advancement in the level of information available on consumer spending behaviors at the sub-national level. Why is it important? Because consumer spending is a major driver of the U.S. economy's overall health.

Who is Buying American? Considering U.S. Exports

U.S. goods exports reached over 200 countries in 2013. Some buy more, others buy less, but all buy from America. At first blush, our export markets appear fairly concentrated, geographically speaking (see Figure 1 below). For example, Canada, Mexico, China, Japan, and Germany—our top 5 export markets measured by the value of exports in 2013—collectively captured almost half of the $1.6 trillion in U.S. goods exports, and the top 20 goods export markets as of 2013, captured 78 percent of U.S. export value.

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