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Office of Faith-Based and Neighborhood Partnerships Hosted the National Chambers of Commerce Leaders Roundtable

On April 4, 2023, the Department of Commerce Office of Faith-Based and Neighborhood Partnerships hosted a roundtable with National Chambers of Commerce leaders to streamline access to resources by unlocking whole of Commerce pathways to economic growth, entrepreneurship, and job creation. The conversation addressed critical opportunities on issues ranging from workforce development to access to...

By the Numbers: Continuing to Outpace Expectations, U.S. Economy Gains Over 300,000 Jobs in March

GDP and Personal Income Rise in All 50 States and the District of Columbia Job creation in March exceeded expectations, with 303,000 jobs added to the U.S. economy, according to the latest report from the Labor Department’s Bureau of Labor Statistics (BLS). Nearly 15.2 million jobs have been created under President Biden and unemployment has remained under 4 percent—the longest stretch in 50 years...

U.S. Remains World's Top Destination for Foreign Direct Investment for 12th Consecutive Year

The United States has been ranked as the top destination for foreign direct investment for the 12th consecutive year according to Kearney’s Global Business Policy Council’s 2024 Foreign Direct Investment (FDI) Confidence Index . The annual survey of global senior executives and investors found that the United States maintains its lead ranking for over a decade due to the growing strength of the U...

Estimating County-Level Regional Price Parities from Public Data

The idea that prices differ by place is a well-known economic concept. Most consumers could easily identify that a day in New York City would cost more than an identical day in rural Texas. To quantify these price differences, the Bureau of Economic Analysis (BEA) publishes regional price parities (RPPs) . By using a weighted average of goods and services across places in a given year, RPPs allow...

During Women’s History Month, Commerce Secretary Gina Raimondo Spotlights Need to Increase Women’s Representation Across Industry

Women make a difference in the lives of Americans every day and are a critical part of the U.S. economy. During Women’s History Month, Commerce Secretary Gina Raimondo echoed this sentiment at various events that both celebrated the vast contributions of women and stressed the importance of advancing women’s full and equal participation in building a more resilient and innovative economy. Through...

Women in STEM: Representation Matters

By Laurie Locascio , Under Secretary of Commerce for Standards and Technology and director of the National Institute of Standards and Technology (NIST) Growing up as a scientist, I did not see role models who looked like me. I grew up in a small town where my father was a physicist — and my role model. He nurtured me to be a scientist just like him. I am so grateful he did not have different...

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

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

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...