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Doms Briefs Manufacturing Advisory Board

Wednesday, August 29 – Chief economist Doms briefs the National Institute for Science and Technology’s Manufacturing Extension Partnership(MEP) Advisory Board members about the state of U.S. manufacturing.


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DOC Chief Economist Briefing the North American Steel Trade Committee

Doms Briefs ITA's North American Steel Trade Committee

Washington, D.C. - Monday, July 16 - ESA's Chief Economist Mark Doms gave a macro-economic briefing with respect to manufacturing to the North American Steel Trade Committee at the White House Conference Center.  The Committee was established in 2003, under the Department of Commerce's International Trade Administration to promote cooperation on policy matters affecting the North American steel market and industry.


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Employee Compensation per Hour by Major Industry, 2010

Manufacturing Workers Enjoy Higher Pay, More Benefits

Specific findings from “The Benefits of Manufacturing Jobs” include on average, hourly wages and salaries for manufacturing jobs are $29.75 an hour compared to...
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Manufacturing Employment Has Expanded by 489,000 jobs or 4 percent since January

4 Percent Growth in Manufacturing Jobs since Jan. 2010

Manufacturing employment has expanded by 489,000 jobs or 4 percent since January 2010. This growth represents a 4 percent increase - the manufacturing industry's strongest cyclical rebound since the dual recessions in the early 1980's.


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New Report Showing Intellectual Property-Intensive Industries Contribute $5 Tril

Intellectual Property and the U.S. Economy: Industries in Focus

Washington, D.C., April 11, 2012 - The U.S. Commerce Department today released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP).  The...
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Economic Briefing: U.S. International Trade in 2011

Submitted on February 10, 2012 - 12:13pm

Economic Briefing: U.S. International Trade in 2011 Percent Change by year 2007-

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in December 2011

Submitted on February 10, 2012 - 11:36am
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U.S. Secretary of Commerce John Bryson issued the following statement today on the release of 2011 international trade numbers and the December 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. Today’s report showed that the U.S. remains on course to reach President Obama’s National Export Initiative (NEI) goal of doubling exports by the end of 2014. U.S. goods and services exports in 2011 were up 14.5 percent or $265.5 billion from the same period of 2010 to reach a record $2.1 trillion, with record levels of exports in most major merchandise categories. That follows a 16.7 percent overall increase in 2010. U.S.

The State of our Union’s 21st Century Workforce

Submitted on February 6, 2012 - 3:27pm

In his State of the Union address, President Obama laid out an ambitious goal to train 2 million workers with the necessary skills to land a job.  What are those skills in a 21st century economy?  As we have written previously in this blog, the fields of science, technology, engineering and mathematics (STEM) play a critical role in America’s global economic leadership and are vital to securing the highest quality jobs of the future, to decreasing the gender wage gap, and to ensuring America retains global economic leadership through innovation and technology.  (Co-posted on DOC website:ht

Economic Indicator: Private Sector Employment up 257,000 in January 2012

Submitted on February 3, 2012 - 4:24pm
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Some good news on the employment front! The Bureau of Labor Statistics (BLS) released their January 2012 report on the employment situation showing private sector employment increased 257,000 -- the largest increase since April 2011 (264,000).  In addition, private sector employment gains were revised upward by 58,000 in November and 8,000 in December.  Over the past 23 months, the private sector has added jobs every month for a total of nearly 3.7 million jobs.  

Economic Indicator: Light Vehicle Sales Up at start of 2012

Submitted on February 2, 2012 - 5:11pm
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One of the first available indicators about the U.S. economy in 2012 is the measure of retail sales of light vehicles and the news is good: January saw new sales just under 14.2 million (at an annual rate), up from 13.6 in December 2011.  This is highest monthly level since May 2008 (even higher than the August 2009 spike, or as I like to call it “Mount Cash-for-Clunkers”).

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