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Statement from U.S. Commerce Department Chief Economist Mark Doms on Personal Income and Outlays in February 2011

Submitted on March 28, 2011 - 10:24am
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WASHINGTON, DC -- The U.S. Commerce Department’s Bureau of Economic Analysis today released data on personal income and outlays for February 2011. Personal income increased 0.3 percent in February, nearly consistent with private-sector forecasts of a 0.4-percent increase. Wages and salaries rose a favorable 0.3 percent. Real consumer spending also increased 0.3 percent in February and has risen a moderate 1.0 percent at an annual rate above its fourth-quarter average. Additionally, personal income figures for both December and January were revised upward.

Statement from U.S. Commerce Department Acting Deputy Secretary Rebecca Blank on the Third Estimate of GDP for the 4th Quarter of 2010

Submitted on March 25, 2011 - 11:54am
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WASHINGTON, Friday, March 25, 2011 – The U.S. Commerce Department’s Bureau of Economic Analysis today released the third estimate of gross domestic product (GDP) for the fourth quarter of 2010. Real GDP grew 3.1 percent at an annual rate, higher than the previous estimate of 2.8 percent and exceeding private sector expectations. The increase in GDP is a result of higher private investment and inventories than were originally reported.

Statement from U.S. Commerce Secretary Gary Locke on New Residential Construction in February 2011

Submitted on March 16, 2011 - 11:12am
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WASHINGTON, March 16, 2011 – The Commerce Department’s U.S. Census Bureau today released data on new residential construction in February 2011. Permits for new housing units fell 8.2 percent in February, while private-sector analysts had expected a small 1.2-percent rise. Housing starts dropped 22.5 percent in February. Private-sector analysts had expected a moderate 4.4-percent decline. However, analysts still generally expect a notable pick-up in housing activity for both 2011 and 2012.

application/pdf iconStatement by Secretary Locke on New Residential Construction in February 2011

Statement from U.S. Commerce Secretary Gary Locke on Retail Sales in February 2011

Submitted on March 11, 2011 - 2:43pm

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released retail sales data for February 2011. Retail sales jumped 1.0 percent, a strong monthly gain and the eighth consecutive monthly increase. This figure was slightly below private-sector expectations of a 1.2-percent gain. Sales at motor vehicle dealers increased 2.3 percent. Sales excluding automotive dealers increased 0.7 percent, consistent with private-sector expectations of a 0.7 percent gain.

application/pdf iconStatement from Secretary Locke on Retail Sales, February 2011

Statement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services

Submitted on March 10, 2011 - 11:41am

WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the January 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in January 2011 increased 2.7 percent from December 2010 to $167.7 billion, the highest level for monthly exports on record with record exports in both exports of goods ($120.5 billion), and exports of services ($47.2 billion). U.S. imports of goods and services increased 5.2 percent over this period to $214.1 billion, causing the U.S. trade deficit to increase 15.1 percent since December 2010 to reach $46.3 billion in January 2011.

application/pdf iconStatement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services

Acting Deputy Secretary Rebecca Blank Discusses New Women in America Report at Center for American Progress

Submitted on March 7, 2011 - 4:28pm
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Washington, D.C., March 4, 2011 - Acting Deputy Secretary Rebecca Blank joined Tina Tchen, executive director of the White House Council on Women and Girls; Preeta Bansal, senior policy advisor and general counsel of the Office of Management and Budget; and a panel of experts at the Center for American Progress today to discuss the findings of a new White House report, “Women in America: Indicators of Social and Economic Well-Being.” The discussion focused on women’s present role in families, education, employment, health, and crime in American Society.

White House Releases First Comprehensive Federal Report on the Status of American Women in Almost 50 Years

Submitted on March 1, 2011 - 2:10pm
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Report released on first day of Women's History Month