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Blog Category: Economics and Statistics Administration

New U.S. Census Bureau Data on Retail Sales and Business Inventories Show Solid Gains

File photo of Secretary Locke seated at conference tableToday, the U.S. Census Bureau released retail sales data for September 2010 and data on manufacturing and trade inventories and sales for August 2010. Both retail sales and business inventories rose 0.6 percent, exceeding private-sector expectations. Monthly sales for retail and food services in September increased 7.3 percent from September 2009, and business inventories in August rose 4.7 percent from August 2009.

“Retails sales have shown strong growth over the last three months,” U.S. Commerce Secretary Gary Locke said. “This rising trend signals that consumer spending is expanding and that the recovery is broadening. The outlook for sustained growth remains positive, and this administration remains focused on continuing the economic turnaround that has now seen four straight quarters of GDP growth and nine straight months in which the private sector has added jobs.”  Statement  |  Report on retail sales  |  Report on manufacturing and trade

Statement from Secretary Locke on August 2010 U.S. International Trade

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in August 2010 increased by 0.2 percent to $153.9 billion from their July 2010 level. Imports in August increased 2.1 percent over July to $200.2 billion. U.S. exports so far in 2010 are up nearly 18 percent compared to the same period last year.  Report  |  Statement  |  Fact sheet

Commerce Department Releases Report On Women-Owned Businesses in the 21st Century

Six women working in various careers

Commerce's Economics and Statistics Administration (ESA) today released a report on Women-Owned Businesses in the 21st Century that analyzes the changing role of women-owned businesses in the U.S. economy.  The report, prepared at the request of the White House Council on Women and Girls and released today during a White House Entrepreneurship Conference, looks at trends in women-owned businesses from the late 1990s through 2007, explores the characteristics of businesses owned by women as compared to those owned by men, and discusses potential reasons why these firms look different.

“Here’s the good news: women-owned businesses are steadily expanding and now account for $1.2 trillion in economic output,” said Commerce Department Under Secretary for Economic Affairs Rebecca Blank.  “Considering the recent economic environment, this growth shows the important potential of women-owned businesses for future economic growth.”

New Commerce Department Reports Lay Foundation for Measuring Green Economy, Carbon Dioxide Emissions

Photo of ESA Under Secretary Rebecca Blank.

The U.S. Commerce Department’s Economics and Statistics Administration today released two new reports: one that defines and measures the size and scope of the green economy and another that looks at the ways in which the American economy's greenhouse gas emissions have changed over the past decade. Together, they provide valuable analytic tools needed to understand the emerging green economy, quantify greenhouse gas emissions and help inform future policy decisions. (More)(Green Report)(CO2 Report)

Department of Commerce Issues report for Vice President's Middle Class Task Force

Biden, Sibellius, Locke and Chu seated at table.

The Commerce Department’s Economics and Statistics Administration issued a new report for Vice President Biden’s Middle Class Task Force: Middle Class in America. The report, which identifies what it means to be middle class in America today, uses a host of measures to show that it is more difficult today to both attain and maintain a middle-class lifestyle than it was two decades ago. “This report highlights the gravity of the economic realities facing American families aspiring to a middle-class lifestyle," Commerce Secretary Gary Locke said. (More) (Report—PDF) (White House press release) (Middle Class Task Force Web site)