Breadcrumb

News

Middle Class in America

Reports
Most Americans consider themselves middle class. This raises the question, what does it mean to be middle class? This report examines various definitions, discusses middle-class values and aspirations and presents hypothetical budgets showing how these aspirations might be achieved with different incomes. Finally, we consider whether or not it is harder to live a middle-class lifestyle today than...

Report on the Statistical Discrepancy of Merchandise Trade between the United States and China

Reports
In April 2004, the 15th U.S.-China Joint Commission on Commerce and Trade (JCCT) established a statistical working group. Participating units from the Chinese side include the Ministry of Commerce of the People’s Republic of China and the Chinese General Administration of Customs; the U.S. side includes the U.S. Department of Commerce and the Office of the U.S. Trade Representative. In view of the...

Residential Propane Price Analysis 2008

Reports
Pursuant to the requirements of the Propane Education and Research Act of 1996 (PERA), the Department of Commerce analyzed changes in propane prices relative to other energy sources. The report presents the relevant price data and concludes that propane prices have exceeded the threshold established by PERA. As a result, certain activities of the Propane Education and Research Council (PERC) are...

The Gulf Coast: Economic Recovery Two Years after the Hurricanes

Reports
This series of six reports examines the economic effects of Hurricanes Katrina and Rita on the economy of the Gulf Coast and document the economic recovery of affected states, localities and industries during the two years following the hurricanes. The first report was issued in October 2005, approximately two months after Hurricanes Katrina and Rita devastated the Gulf Coast. The final report,...

Residential Propane Price Analysis Interim Report

Reports
Pursuant to the requirements of the Propane Education and Research Act of 1996 (PERA), the Department of Commerce is required to analyze changes in propane prices relative to other energy sources. This interim report comes 180 days after the latest report found that propane prices exceeded a threshold established by PERA. This report presents the relevant price data and concludes that in 2008...

Innovation Measurement, Tracking the State of Innovation in the American Economy

Reports
The Advisory Committee on Measuring Innovation in the 21st Century Economy was established by the Secretary of Commerce in September 2006 to recommend ways to improve the measurement of innovation in the economy. In its report, the Advisory Committee outlines its recommendations to the Secretary of Commerce for steps to be taken by the government, the business community and government and private...

Residential Propane Price Analysis 2007

Reports
Pursuant to the requirements of the Propane Education and Research Act of 1996 (PERA), the Department of Commerce prepared this analysis of changes in propane prices relative to other energy sources. The report presents the relevant price data and concludes that propane prices have not exceeded the threshold established by PERA.

Macroeconomic and Industrial Effects of Higher Natural Gas Prices

Reports
Over the past year, there has been some concern over the potential economic impact of unusually high natural gas prices. Although natural gas prices declined from $10 per thousand cubic feet (mcf) in December 2005 to about $6 recently, the Energy Information Administration (EIA) expects prices to return to the unprecedented price levels of last year as we move back into this winter’s heating...