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Manufacturing: A New Commerce Department Report Shows Renewed Expansion

The U.S. manufacturing sector is rebounding at a rate unseen since the late 1990s.  For the first time in more than a decade, output and employment are steadily and simultaneously increasing. A new Commerce Department report, Manufacturing Since the Great Recession,provides an overview of the resurgence of this important economic sector, examining production, international trade and the labor market.

Some of the key findings included in the report are:

Investing in Data, Investing in America

The Department of Commerce's mantra is that America is "Open for Business."  As President Obama highlighted at Tuesday's Investing in America roundtable, this has never been more true.  Today, U.S. and foreign businesses appreciate the competitive advantages that come from locating operations here. The U.S.

Coming Soon: New Statistics Will Provide More Timely Snapshot of How Industries are Performing

Coming Soon: Real Personal Income Statistics for States and Metropolitan Areas

The Bureau of Economic Analysis will soon release real personal income statistics using regional price indexes to adjust BEA’s personal income data for differences in the cost of living across states and metro areas. These new statistics will inform decisions by businesses and households alike – from deciding where to move for a new job or locating a new company to helping economic development offices shape regional marketing plans and comparing economic performances across regions.

Recent U.S. Export Trends and Foreign Economic Growth

U.S. exports have continued to grow and reach record levels in each of the last few years.  Moreover, forecasters such as the International Monetary Fund (IMF) predict that the world economy will strengthen in the next couple of years, which should further boost U.S. exports.  Today’s blog examines the potential impact of the economies of our trading partners on U.S. exports.

Big Data is Big Business for Commerce

Big Data and Open Data are all the rage these days. However, Commerce was into Big Data before Big Data was cool. As far back as 1790, we began collecting data on patents in the U.S. and the Census Bureau conducted the first Decennial Census the same year. In 1870, the National Weather Service was created – which today is one of the biggest data producing agencies around.

Opinion: The New 'Economic Census' Will Help Unleash the Economic Magic of U.S. Government Data

Opinion Editorial, Forbes - Commerce Secretary Penny Pritzker

“If you go back a few hundred years, what we take for granted today would seem like magic – being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago”

Measuring Our Economy—200 Years and Still Counting

More than 200 years ago, we began collecting information about America's economy, providing the first foundation for the detailed portrait we have today.

Today, we continue this long tradition by releasing the first results from the 2012 Economic Census. A precursor to the modern-day Economic Census was initiated for the 1810 Census when Congress approved a bill requiring the collection of information on manufacturing establishments.

The Commerce Department’s Strategic Plan: The Value of Government Data

Census Bureau Budget Update—Investment Now Will Save Taxpayer Dollars Later

I'm pleased to announce that the Census Bureau's FY 2014 appropriation of $944 million allows us to turn the corner from the program reductions we've had to make over the last couple of years. With this funding, we can advance our agenda of innovation and increase the amount of data that we provide to the nation.

Data are the fuel that power the 21st century economy and America's dynamic economy require equally dynamic measures to capture and disseminate those changes. Unleashing more data is a key priority in the Commerce Department's "Open for Business Agenda."

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