Personal income increased 0.4% in July after showing no change in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July after remaining unchanged in June. Real DPI, income adjusted for taxes and inflation, increased 0.2 percent...

Real gross domestic product (GDP) increased 3.0 percent in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. The growth rate was 0.4 percentage point more than the “advance” estimate released in July. In the first quarter, real GDP increased 1.2 percent. The second‐quarter increase in real GDP reflected increases in both consumer spending...

Hurricane Harvey brought catastrophic flooding to Texas and Louisiana this week. Please heed the advice of local emergency management officials and refer to your local weather forecast at www.weather.gov. Safety tips and resources: Check your local forecast for updates, and abide by instructions from local authorities to protect life and property Take preparation actions now, and be sure you know...

Small businesses and independent inventors both serve a vital role in our nation’s economy. And, helping those with limited resources is an important goal of the United States Patent and Trademark Office (USPTO). The USPTO’s Patent Pro Bono Program provides free legal assistance to financially under-resourced inventors and small businesses interested in securing patent protection for their...

In connection with American Dream Week (July 31 – August 4, 2017), the U.S. Department of Commerce is proud to highlight the important role Commerce agencies play in creating jobs and economic opportunities in American communities across the nation. “America’s capabilities are limitless and America’s workers are unmatched” – President Donald J. Trump President Trump is committed to increasing...

In connection with American Dream Week (July 31 – August 4, 2017), the U.S. Department of Commerce is proud to highlight the important role Commerce agencies play in creating jobs and economic opportunities in American communities across the nation. Obtaining the capital needed to start or grow a business can often be an impediment to entrepreneurs looking to achieve the American Dream of business...

In connection with American Dream Week (July 31 – August 4, 2017), the U.S. Department of Commerce is proud to highlight the important role Commerce agencies play in creating jobs and economic opportunities in American communities across the nation Blog by Joe Matal, Performing the Functions and Duties of the Under Secretary of Commerce for Intellectual Property and Director of the USPTO At Camp...

In connection with American Heroes Week (July 24 – 28, 2017), the U.S. Department of Commerce is proud to highlight its own American heroes and the important role Commerce agencies play in serving and protecting American communities. Did you know the National Oceanic and Atmospheric Administration (NOAA) has a corps of commissioned officers, one of the seven uniformed services of the United States...