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Statement from U.S. Commerce Secretary Penny Pritzker on December Jobs Numbers

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today released the following statement on the December jobs report which showed that U.S. employment rose by 252,000 last month.

Monthly Wholesale Trade: Sales and Inventories November 2014

November 2014 sales of merchant wholesalers were $452.2 billion, down 0.3 percent (+/- 0.5%)* from last month. End-of-month inventories were $547.2 billion, up 0.8 percent (+/- 0.4%) from last month.

Made In America: Chemicals

U.S. International Trade in Goods and Services

The November 2014 international trade deficit decreased 7.7 percent from September, to $39.0 billion. Exports decreased 1.0 percent to $196.4 billion, and imports decreased 2.2 percent to $235.4 billion. 

Manufacturers' Shipments, Inventories, and Orders

November 2014 new orders for manufactured goods decreased 0.7 percent, to $492.7 billion. Excluding transportation, new orders fell 0.6 percent. Shipments fell 0.6 percent, to $495.7 billion. Unfilled orders increased 0.4 percent to $1,179.1 billion. And inventories rose 0.1 percent, to $656.3 billion.

Construction Put in Place

Construction spending in November 2014 was $975 billion at a seasonally adjusted annual rate, down 0.3 percent from the revised October 2014 estimate but up 2.4 percent from November 2013.

New Commerce Department Report Examines Competition Among U.S. Broadband Service Providers

Washington, D.C.  - A new report released today by the U.S. Commerce Department's Economics and Statistics Administration (ESA) examines, for the first time, competition at the full range of speeds of Internet service in the U.S.  The ESA report titled, "Competition Among U.S. Broadband Service Providers," finds that far more competition exists at slower speeds than at higher speeds. 

Bureau of Economic Analysis Awards Ceremony: Dr. Abe Dunn Receives First-Ever Landefeld Innovation Award

Washington, D.C. - Deputy Secretary Bruce Andrews, Under Secretary Mark Doms, BEA Director Brian Moyer, and BEA Chief Economist David Johnson present Dr. Abe Dunn, Senior Economist in the Bureau's Office of the Chief Economist, with the first J. Steven Landefeld Award for Innovation for his ground-breaking work on measuring health care expenditures.

Statement from U.S. Commerce Secretary Penny Pritzker on the International Trade in October 2014

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the October 2014 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $197.5 billion in October from $195.2 billion in September. Record monthly levels were reached in exports of non-petroleum goods, including a record in capital goods, as well as in charges for the use of intellectual property. The goods and services deficit decreased by $0.2 billion to $43.4 billion in October.

Businesses Commit to Alleviate Their Suppliers’ Capital Costs

A recently released Department of Commerce report, “The Economic Benefits of Reducing Supplier Working Capital Costs,” highlighted how much the viability of our nation’s supply chain depends on large firms paying on time. Our small manufacturing firms—which account for more than 1/3 of manufacturing shipments and close to half of employment—face elevated capital costs, relative to large firms, because of lack of access to loans and higher interest rates. Large firms exacerbated these constraints through the Great Recession when they delayed payment for the good they ordered.

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