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Assess Costs Everywhere: Today’s Cheap Labor May Be More Costly Tomorrow

The Department of Commerce recently introduced the Assess Costs Everywhere tool, which outlines the costs and risks firms need to weigh when considering location of manufacturing operations and supply chains. Labor is at the top of the list. Indeed, businesses cite labor costs as a top factor driving production-location decisions. While perceptions of less expensive labor abroad may have led some businesses to locate outside the U.S., some companies have found that expected savings from foreign labor have whittled away over time in numerous and unexpected ways.

ACE Tool Helps U.S. Businesses Fully Assess the Advantages of Manufacturing and Sourcing In America

I have the pleasure of meeting frequently with business owners from across the country.  They talk about where their challenges are in growing and sustaining their businesses, and they also talk about how locating production abroad hasn't always turned out as well as they had hoped.  Not surprisingly, during our current economic recovery and expansion, news reports and private consultants have repeatedly echoed that thinking.  Increasingly we hear that U.S.

Where can I find that? ESA Shows How to Use Its Agencies’ Local and Regional Data for Economic Planning

When disaster strikes an American community, local and regional planners focus on saving lives and property, but once the winds stop or the waters recede, the process of assessing the damage and economic impacts begins. Developing an accurate economic and demographic baseline is a key early step in this process, as it gives planners the starting point from which to assess the damage and plan the recovery.

Economic Indicator: Diminishing Housing Inventory a Sign of Recovering Market

Yesterday, the U.S. Census Bureau released data on new housing starts and building permits. Inventory is an important component of the construction data and recently, as the market has been recovering and completed homes have been selling relatively fast, the aggregate new housing inventory has been declining to some of the lowest levels on record.

U.S. Recognizes Another Year of Export Growth

Last year was another record-setting year for U.S. exporters.

Economic Indicator: Updated Upward Housing Trends

This blog post updates our post from August 16 on housing, and the most recent data shows that the upward trends in the nation's housing market continues.

Exports of Cars and Trucks: Driving Growth in the U.S. Motor Vehicle Industry

The U.S. motor vehicle industry is coming back, with production at its highest levels since October 2005, and with over 156,000 new jobs added since President Obama's rescue of the industry in June 2009. An important and little known driver of this expansion is increased exports of U.S. made cars and trucks to record levels.  

Economic Indicator: Positive trends in the housing sector

While more work needs to be done to restore economic security for families nationwide, a look at the recent data on the housing market shows continued improvements that are welcome news given the challenges experienced by homeowners since the recession.  Earlier today, the Commerce Department's Census Bureau released data on new residential construction in July 2012.

U.S. Manufacturing continues to create jobs in the U.S.

Earlier Friday, August 3rd, the Bureau of Labor Statistics (BLS) released a report showing that the private sector added 172,000 jobs last month, and overall employment rose by 163,000. While there's more work to be done, the economy is creating jobs on a consistent basis.  The economy has added private sector jobs for 29 straight months, for a total of 4.5 million jobs.  In fact, since the beginning of the year, the economy has added over 1.1 million private sector jobs. Today's employment report provides further evidence that the U.S.

Electronic and Mail Order Sales Jump 14 Percent Over The Year

Monday, July 16th, the Census Bureau will release its June advance estimates of retail sales.  Current consensus expectations are for sales to tick up following two months of declines.  When the data come out, many of us will jump right to the figures for general merchandise stores.

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