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By the Numbers: U.S. Economy Adds Over 275,000 Jobs in February Exceeding Expectations

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GDP Remains Strong, Wages and Personal Income Continue to Rise Earlier today, the U.S. Labor Department’s Bureau of Labor Statistics (BLS) reported that the U.S. economy added over 275,000 jobs in February – far exceeding expectations. To date, nearly 15 million jobs have been created under President Biden and unemployment has remained under 4 percent—the longest stretch in more than 50 years....

One Year Later: Secretary Raimondo Reiterates Need for America to Lead on CHIPS in Protecting America’s Economic and National Security

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Emphasizes Need to Produce Leading-Edge Chips for AI One year ago, U.S. Secretary of Commerce Gina Raimondo delivered a speech at Georgetown University’s School of Foreign Service where she outlined her vision in implementing President Biden’s historic CHIPS and Science Act. Last week, she provided an update on its implementation and announced that future projects will be prioritized based on...

Build Back Better Challenge Awardee Works to Ensure Black Community Thrives in an AI-Powered Economy

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In conjunction with Black History Month, Commerce Deputy Secretary Don Graves recently released the U.S. Department of Commerce’s 2023 update to its Equity Action Report at a White House Convening on Equity . Among the plan’s highlights was the Economic Development Administration’s (EDA) stewardship of $3 billion in funding distributed to 780 diverse grantees — many working at the forefront of...

Creating an Equitable Economy for all Americans

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The mission of the U.S. Department of Commerce is to create the conditions for inclusive economic growth and opportunity for all Americans. Last week, in conjunction with Black History Month, Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves participated in several events that echo this mission and showcase the Department’s leading role in building an economy in which all can...

Commerce Secretary Gina Raimondo Hosts Launch of HBCU CHIPS Network to Build a Skilled and Diverse Workforce in Producing Semiconductors

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Network Expected to Provide Access and Opportunity for Black Americans Coinciding with Black History Month, Commerce Secretary Gina Raimondo hosted the launch of the HBCU CHIPS Network yesterday, a collaboration between several Historically Black Colleges and Universities (HBCUs) and the Georgia Institute of Technology. This collaboration will help coordinate the resources of these colleges and...

Commerce Deputy Secretary Don Graves Honors Employees for Distinguished and Exceptional Performance at the 75th Annual Commerce Honor Awards

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Announces Recipient of the Ron Brown Excellence in Innovation Award Yesterday, U.S. Commerce Deputy Secretary Don Graves joined Deputy Assistant Secretary for Administration, performing the non-exclusive functions and duties of the Chief Financial Officer and Assistant Secretary for Administration Jeremy Pelter, in announcing individual, group, and organizational Gold and Silver Medal Awards to...

Improving Program Delivery with Innovative Data Practices at the U.S. Department of Commerce

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The American Rescue Plan (ARP), the Bipartisan Infrastructure Law (BIL), the Inflation and Reduction Act (IRA), and the CHIPS and Science Act provide the U.S. Department of Commerce with unprecedented new resources that can be leveraged to advance the mission of creating the conditions for economic growth and opportunity for all communities. To ensure these programs are delivered as effectively...

By the Numbers: U.S. Economy Adds Over 350,000 Jobs in January Exceeding Expectations

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Hiring Increases Due to Rise in Consumer Confidence and Spending Kicking off 2024, the U.S. Labor Department’s Bureau of Labor Statistics reported last week that the U.S. economy added over 350,000 jobs in January – far exceeding expectations. The unemployment rate was 3.7 percent for the third month in a row coming in below 4% for two straight years – the longest such streak since the 1960s. In...