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Brainstorming Natural Capital in Cleveland

GM's Dr. Susan Smyth and DOC Chief Economist Dr. Sue Helper confab in ClevelandOn June 12th, a team from the National Oceanic and Atmospheric Administration (NOAA) and the Economics and Statistics Administration (ESA) headed to Cleveland, OH for the second of five Department of Commerce Natural Capital Business Roundtables. The roundtables will inform development of a DOC website to help businesses incorporate natural capital in their planning and operations. Natural capital includes the air, water, soil and living resources that provide a range of goods and services on which the global economy depends. 

White House Supply Chain Innovation Roundtable Brings Together Manufacturers Committed to Strengthening Small Manufacturers in Domestic Supply Chains

White House Supply Chain Innovation RoundtablePost by Dr. Sue Helper

On July 9, I attended a gathering of two dozen manufacturing executives to discuss ways to improve the competitiveness of America's supply chains. This exciting event is part of the White House Supply Chain Innovation Initiative that the President announced in March.

What Do We Know About Temporary Help Workers in the United States?

Employment in the temporary help services industry continues to grow and reached an all-time high in June, after adding 20,000 jobs. This industry now accounts for 2.4 percent of all private sector jobs in the U.S. economy. 

Data Jobs Will Keep Adding Up

Simple arithmetic tells us that data jobs are good.  They pay well, have low unemployment rates, and are expanding across many industries. More complicated arithmetic projects a bright future of growth.  Over the decade ending 2022, employment in data occupations—in which data analysis and processing are central to the work performed—is projected to grow 14.5 percent, faster than the 10.4 percent projected growth of ("for") non-data jobs. Research first published in The Importance of Data Occupations in the U.S. Economy highlights that these jobs not only are multiplying, but that they pay more than $40 an hour on average.  Data workers also are very unlikely to be unemployed.   This blog examines projected future growth in this field, courtesy of the Bureau of Labor Statistics' 2012-2022 employment projections.

Second Natural Capital Business Roundtable Set for June 12th in Cleveland

First roundtable held in Houston on April 16th and hosted by the Center for Energy Studies at Rice  University's Baker Institute for Public Policy.On June 12th, a joint team from the National Oceanic and Atmospheric Administration (NOAA) and the Economics and Statistics Administration (ESA) will head to Cleveland, OH, for the second in a series of five Department of Commerce Natural Capital Business Roundtables. The information needs that businesses identify during the roundtables will shape the development of a Commerce Department website to help businesses improve their bottom lines by considering natural capital in planning and operations. Natural capital includes the air, water, soil, and living resources that provide a range of goods and services on which the global economy depends.

Recent Trends in Manufacturing

Since the Great Recession, manufacturing has experienced a period of growth. In our June 2014 report, Manufacturing Since the Great Recession, Ryan Noonan and I provided an overview of recent trends in manufacturing. This blog updates those facts.  What we find is that while manufacturing is still recovering, the rebound has slowed somewhat in recent months.

Digitally Deliverable Services Remain an Important Component of U.S. Trade

Last year, DOC economist Jessica Nicholson and I wrote "Digital Economy and Cross-Border Trade: The Value of Digitally-Deliverable Services." In that report, we estimated the total value of U.S. trade in digitally-deliverable services—i.e., services that may be, but are not necessarily, delivered digitally. Since the publication of our report, we have received many requests to provide updated data on this valuable sector of our economy.

With a Low Unemployment Rate, Data Workers are High in Demand

Across the U.S. economy, data jobs are multiplying and the digits on their paychecks are attractive.  New numbers highlight another benefit to workers in this field—very low unemployment rates.  The unemployment rate for data jobs was just 3.1 percent in 2014, or half the national average.

Partly Voluntary, Partly Not – A Look at Part-Time Workers

Regularly working 35 or more hours—the Bureau of Labor Statistics' definition cutoff for "full-time"—is a typical criterion for considering a job to be "good." (Others include the pay and breadth of benefits.)  As the economic expansion continues to unfold, full-time employment is growing. In March 2015, 121 million people were working full-time, up from a low of 110.6 in December 2009, but still somewhat short of the pre-recession high of 121.9 in November 2007. For the 27.7 million workers who worked part-time hours as of March 2015, (i.e.

New ESA report: The Value of the American Community Survey: Smart Government, Competitive Businesses, and Informed Citizens

Better data for better decisions. That's our mantra at ESA. And one of the best sources of data in an increasingly data-driven decision-making world is the American Community Survey.

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