U.S. Department of Commerce Blog
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The Department of Commerce's mission is to create the conditions for economic growth and opportunity for all communities. Through its 13 bureaus, the Department works to drive U.S. economic competitiveness, strengthen domestic industry, and spur the growth of quality jobs in all communities across the country.
U.S. Department of Commerce Blog
2d ago
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 ..read more
U.S. Department of Commerce Blog
2d ago
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 ..read more
U.S. Department of Commerce Blog
1w ago
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 ..read more
U.S. Department of Commerce Blog
1w ago
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 ..read more
U.S. Department of Commerce Blog
3w ago
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 ..read more
U.S. Department of Commerce Blog
3w ago
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 ..read more
U.S. Department of Commerce Blog
3w ago
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... Science, Technology, Engineering and Math [STEM ..read more
U.S. Department of Commerce Blog
3w ago
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 a more resilient and innovative economy ..read more
Build Back Better Challenge Awardee Works to Ensure Black Community Thrives in an AI-Powered Economy
U.S. Department of Commerce Blog
1M ago
In conjunction with Black History Month, Commerce Deputy Secretary Don Graves recently released the U.S. Department of Commerce’s 2023 update to its Equity Action Report at a White House Convening on Equity . Among the plan’s highlights was the Economic Development Administration’s (EDA) stewardship of $3 billion in funding distributed to 780 diverse grantees — many working at the forefront of ..read more
U.S. Department of Commerce Blog
1M ago
The mission of the U.S. Department of Commerce is to create the conditions for inclusive economic growth and opportunity for all Americans. Last week, in conjunction with Black History Month, Commerce Secretary Gina Raimondo and Deputy Secretary Don Graves participated in several events that echo this mission and showcase the Department’s leading role in building an economy in which all can... Diversity, Equity, Inclusion, and Accessibility (DEIA ..read more