Connect with Us

Innovation

STEM Jobs: 2017 Update

Science, technology, engineering and mathematics (STEM) workers help drive our nation's innovation and competitiveness by generating new ideas and new companies.1 For example, workers who study or are employed in these fields are more likely to apply for, receive, and commercialize patents.2 STEM knowledge also has other benefits; while often very specialized, it can be transferred to a wide variety of careers, particularly management occupations, while increased technology in the workplace means that, to handle non-repetitive tasks, workers need the critical thinking and technical skills that come with STEM training.3

How U.S. Companies Use and Adapt the Apprenticeship Model to Create an Innovative Workforce

Innovating and Learning through Failure

In 1956, an assistant professor at a university failed, and failed memorably, when trying to invent a "heart rhythm recorder." The failure occurred when, in trying to complete a circuit, he reached into his equipment box and grabbed the wrong sized resistor. A "Heart Rhythm Recorder" would need to be silent and very sensitive, but his "Wrong-Sized Resistor" model produced a pulse that made it impossible to record faint heart rhythms.

Intellectual Property and the U.S. Economy: 2016 Update

Cover image for Intellectual Property and the U.S. Economy: 2016 Update report.Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being, and overall quality of life for the entire U.S. population.1 As the world leader in innovation, U.S. companies have relied on intellectual prop- erty (IP) as one of the leading tools with which such advances were promoted and realized. Pat- ents, trademarks, and copyrights are the principal means for establishing ownership rights to the creations, inventions, and brands that can be used to generate tangible economic benefits to their owner.

Advancing Data Equality

Department of Commerce seal over skyline of Boston.I lead the Economic and Statistics Administration at the Department of Commerce, I think a lot about the Open Data revolution, and who benefits from it.

I’m actually a lawyer by training, and I started my career working with and fighting for small-to-medium, regional American companies. They made or distributed things from plumbing and auto parts, to construction and medical equipment.

To me, these companies are among the best of American industry. The leaders of these companies were focused on their people and communities. They brought good-paying jobs and opportunities to people and places across the nation that struggle to win in the new global economy. They hoped to grow through innovation, efficiency, sales and exports.

Pages

Subscribe to RSS - Innovation
Subscribe

Subscribe to Economic Indicators

Subscribe with your email address to stay up-to-date with our economic indicators!

Go to top