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Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2012

WASHINGTON, D.C. – The Commerce Department’s U.S. Census Bureau today released new residential construction data for July 2012. Permits for new housing units were up 6.8 percent from June and up 29.5 percent from July 2011. Housing starts for July 2012 were down 1.1 percent from June, but up 21.5 percent from July 2011.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in June 2012

WASHINGTON, D.C. – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the June 2012 U.S. International Trade in Goods and Services (June 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. The U.S. trade deficit in June shrank a significant 10.7 percent from May, to $42.9 billion, exceeding private-sector expectations. Exports grew a strong 0.9 percent, to a record $185.0 billion, and imports declined 1.5 percent, to $227.9 billion. June exports of goods ($132.8 billion) were also the highest on record.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on the Advance Estimate of GDP in the Second Quarter of 2012

The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2012. Real GDP grew 1.5 percent at an annual rate in the second quarter, consistent with private sector expectations.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in June 2012

WASHINGTON - The Commerce Department's U.S. Census Bureau today released June 2012 data on new residential construction. Housing starts in June 2012 were at a seasonally adjusted annual rate of 760,000, up 6.9 percent from May’s revised estimate and up 23.6 percent from June 2011. Starts of multifamily structures increased 12.8%, and single-family starts rose 4.7%. Building permits for the month were at a seasonally adjusted annual rate of 755,000, down 3.7 percent from the revised May rate but up 19.3 percent from one year earlier.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in May 2012

WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the May 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in May 2012 increased 0.2 percent from April 2012 to reach $183.1 billion, with record exports in total services ($52.4 billion), and foods, feeds, and beverages ($11.8 billion).

Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in May 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released new residential construction data for May 2012. Permits for new housing units climbed 7.9 percent from April. Housing starts were down 4.8 percent from April but up 28.5 percent from May 2011.

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in April 2012

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the April 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in April 2012 were down 0.8 percent from March 2012 to reach $182.9 billion.

U.S. goods and services exports year-to-date through the first four months of 2012 were up 6.0 percent or $41.4 billion from the same period of 2011 to reach $725.8 billion.

Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in March 2012

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the March 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in March 2012 were up 2.9 percent from February 2012 to reach a record $186.8 billion. Record highs were seen in U.S. exports of both total services ($54.1 billion), and goods ($132.7 billion), with record levels of exports of industrial supplies ($44.3 billion) and capital goods ($44.4 billion).

New U.S. Commerce Department Report: Manufacturing Jobs Provide Higher Pay, More Benefits

Manufacturing jobs becoming more skilled and heavily reliant on science, technology, engineering and math (STEM) fields.

WASHINGTON, May 9, 2012 – The U.S. Commerce Department’s Economics and Statistics Administration (ESA) today released “The Benefits of Manufacturing Jobs,” an analysis of wages and benefits of manufacturing workers, which finds that total hourly compensation for manufacturing workers is 17 percent higher than for non-manufacturing workers. This includes premiums in both wages and employer-provided benefits, such as health insurance and retirement plans.

Statement from Deputy U.S. Commerce Secretary Rebecca Blank on Personal Income and Outlays in March 2012

WASHINGTON – The Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for March 2012. Personal income increased 0.4 percent from February to March, slightly above private sector expectations for an 0.2 percent rise. Real personal consumption expenditures (PCE) increased 0.1 percent and nominal PCE rose 0.3 percent. Real disposable personal income (DPI) increased 0.2 percent and nominal DPI rose 0.4 percent. The personal saving rate as a percentage of DPI was 3.8 percent in March.

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