Census Bureau releases summary statistics on U.S. manufacturing in 2018
This week’s release of the Annual Survey of Manufacturers (ASM) from the Census Bureau provides the most detailed statistics on the U.S. manufacturing sector and provides a snapshot of where the sector stood prior to the pandemic. Based on the 2018 summary statistics, the Census Bureau offers the following preliminary insights which can also be seen in the image below.
New Business Formation Statistics: Census Bureau updates BFS format, invites user feedback
With the Census Bureau’s July 17 release of the 2019 2nd Quarter update, the bureau’s Business Formation Statistics (BFS) changed format.
New data release from ACS
American Community Survey released its one-year estimates for 2017 on Sept. 13, with new statistics on income, poverty, educational attainment and a variety of other topics. ACS reports that many large metropolitan areas saw an increase in income and a decrease in poverty rates between 2016 and 2017.
Tax Revenues Still Lag Behind Pre-Recession Peak in 26 States
U.S. state tax revenues declined for the first time since the recent economic crisis, according to reports from the Rockefeller Institute of Government and the Pew Charitable Trusts. The small drop in revenues is not being viewed as a sign of another fiscal collapse, but does indicate that the recovery may be slowing. For the 26 states in which revenues still have not returned to 2008 levels, the slowdown may suggest that a full recovery could still be years away.
Los Angeles Leads U.S. Metros in Manufacturing Jobs
The Los Angeles-Long Beach-Santa Ana metropolitan area is home to the largest number of manufacturing jobs in the country, according to data from the U.S. Bureau of Labor Statistics (BLS). Approximately 510,900 people are employed by manufacturing firms in the Los Angeles metro, about 100,000 more than in the Chicago-Joliet-Naperville area, which is ranked second for manufacturing employment. Other top metros include New York-Northern New Jersey-Long Island, Houston-Sugar Land-Baytown and Dallas-Fort Worth-Arlington.
Researchers Find 'Second Tier' Regions Experiencing Fast Rates of Change in Concentration of High-Skilled Workers
If a concentration of highly skilled workers is an important leading indicator to more widespread economic growth, which regions are leading the way? Using data from the Current Population Survey (CPS) to compare the educational attainment rates of the nation’s largest labor forces from 2005 to 2013, authors from the Cleveland State University Maxine Goodman Levin College of Urban Affairs determine where America’s highest-skilled jobs are clustering.
U.S. R&D Spending Growth Lags Behind Growth of National Economy
According to a new brief from the National Science Foundation (NSF), preliminary 2011 data indicates that U.S. total research and development (R&D) in 2011 was $414.0 billion (in current dollars), an increase of $7.3 billion from 2010 totals ($406.7 billion). These results mark the second straight year of growth in U.S. R&D expenditures following a $1.8 billion decline in 2009 — only the second decline in current dollars since the early 1950s.
Intra-University R&D Collaboration on the Rise
Research collaborations between institutions of higher education are becoming an increasingly important facet of U.S. R&D, according to the National Science Foundation (NSF). A new NSF InfoBrief reveals that pass-through funds, R&D expenditures transferred from one institution to another, represented seven percent of total expenditures in 2009. In 2000, they represented only five percent of expenditures.
Recovery Act Helped Maintain U.S. R&D Spending During Economic Crisis
American Recovery and Reinvestment Act (ARRA) funding allowed the U.S. federal government to maintain steady funding of research and development (R&D) during the economic crisis. Now that the vast majority of those funds have been spent, however, the U.S. will have to step up its support of R&D to remain competitive. Earlier this year, the National Science Foundation (NSF) National Center for Science and Engineering Statistics released some illuminating data on how an increase in federal spending helped buoy U.S.
Survey Highlights FY09 R&D Spending by State Agencies
An InfoBrief from the National Science Foundation's (NSF) provides a preview of the results of NSF's latest survey of R&D activities performed and funded by state government agencies in FY09. Though the InfoBrief is not a comprehensive guide to state R&D spending, the summary sheds some light on state research priorities. A total of $1.2 billion in spending was reported by state agencies, which also were asked about the type of R&D performed with those funds.
U.S. R&D Spending Remained Steady Through Recession, With Help From ARRA
The National Science Foundation (NSF) National Center for Science and Engineering Statistics (NSCES) has released a series of InfoBriefs that track U.S. R&D spending from 2009-10, as the country endured and began to recover from the recession. In 2009, U.S. R&D spending suffered its first decline since the 1950s, though that decline was minimal (0.6 percent) and much smaller than the drop in U.S. GDP (2.5 percent). After adjusting for inflation, the $400.5 billion spent on R&D in 2009 represents a slightly larger decrease (1.7 percent) than in current dollars.
NSF Analyzes Federal Funding for R&D from 2008 to 2010
The National Science Foundation (NSF) released a report on federal research and development (R&D) spending — Federal Funds for Research and Development: Fiscal Years 2008–10. It percents data collected from NSF surveys sent to all 27 federal agencies that were conducting R&D programs in early 2008. Total R&D spending is reported as both outlays and obligations for those three fiscal years (FY). In this report, the basis for reporting is determined by fiscal year:
Startups Continue Several Multi-Decade Declining Trends, According to Kauffman Study
The pace of business startups in the U.S. has exhibited a long-run decline that started in the early 1980s and has continued through 2010, according to a new report — Where Have All the Young Firms Gone? — from the Kauffman Foundation. Using data from the U.S. Census Bureau's Business Dynamics Statistics (BDS), the report found several other long-run declines in the business activity of U.S.
U.S. Patents and Patents per 100K Residents by State, 2005-2010
The number of annual U.S. patents of all types increased from 82,586 in 2005 to 121,179 in 2010, according to the U.S. Patent and Trademark Office (USPTO). After falling in 2007 and 2008, and making only minor gains in 2009, patents jumped by 27.5 percent last year. Overall, the number of patents grew 46.7 percent between 2005 and 2010, while patents per capita increased by 40.6 percent. California continues to have the highest number of annual patents in the country, generating about one quarter of all U.S. patents in 2010.
New and Public Investors Join Seed and Early Stage Capital Boom
Angel and venture capital firms invested more in seed and early stage companies last year than any time in the past decade (for details see the related Useful Stats article). Seed and early stage companies appear to be generating a great deal of attention from the venture capital industry, even as overall U.S. investment activity remains steady.
Highly Educated Workers Gravitate To, Between New York, Los Angeles and Chicago
Los Angeles County (CA), New York County (NY) and Cook County (IL) topped the list of places where people older than 25 with graduate or professional degrees moved to between 2007 and 2011, according to the latest data from the U.S. Census Bureau’s County-to-County Migration Flows Tables. Middlesex County (MA) and Fairfax County (VA) also ranked among the top destinations for highly educated transplants. The Census report provides data on domestic migration at the county level, including data on income and educational attainment.
End of ARRA Led to $3.9B Drop in Federal Support for University S&E
After the last American Recovery and Reinvestment Act (ARRA) obligations ran out in FY10, federal obligations for science and engineering at U.S. universities and colleges fell by 11 percent, according to the National Science Foundation (NSF). Between FY2010-11, federal agency obligations fell by $31.4 billion in current dollars, though excluding ARRA funds, obligations actually rose by $1.2 billion. R&D obligations fell 10.6 percent, a decline that had its largest impact on funding for R&D-related equipment, facilities and land.
Detroit, Pittsburgh Boast Tech Economy Gains
Groups in the greater Detroit and Pittsburgh regions recently released reports documenting the progress these metros have made over the past few years in building thriving technology economies. Detroit’s Automation Alley found that tech industry employment in the region grew by 15 percent in 2011, outpacing growth in all of the other 14 regions used as benchmarks in the study.
For Earth Day: Toward a Better Understanding of Our Regional Innovation Systems
The strategic direction of good regional innovation investments, from research through commercialization and production, must be based on the best information regarding the current trends, assets and needs of the regional innovation system. Socio-economic data and asset mapping tools - available through sources like the three EDA-funded sites: Stats America and US Cluster Mapping and the Regional Innovation Acceleration Network (RIAN) – provide good starting points.
U.S. Business Dynamism In Decline, Finds Brookings Researchers
Business dynamism, a measure of firm destruction and creation in an economy, has steadily declined in the U.S. over the past 30 years, according to a study released by the Brookings Institution by Ian Hathaway and Robert Litan. Dynamism has long been considered a key element of innovative economies, indicative of entrepreneurship and labor market mobility. The U.S. decline appears to have been consistent across industries and geographic areas.
U.S. S&E Graduate Enrollment Steady While Foreign Enrollment Rises, NSF Reports
In 2012, U.S. science and engineering graduate programs saw a small 1.7 percent drop in enrollment by U.S. citizens and permanent residents, according to data from the National Science Foundation (NSF). Enrollment by foreign students, however, rose by 4.3 percent. NSF notes that 2012 is the second year in a row that saw very little increase in citizen enrollment, following five years of growth in the range of 2-3 percent.
Illinois Universities Keep Spinoff Companies Close to Home
Of the 118 university-based startups launched in Illinois between 2006-13, about 73 percent remain in the state, according to the latest issue of the Illinois Innovation Index. The 2013 fourth quarter report of the Index focuses on the recent strides made by the state in building a stronger technology transfer pipeline. During the five-year period of 2008-12, Illinois universities received 47 percent more patents than they did during the 2003-07 period, almost triple the national growth rate.
MA Continues to Lead U.S. in Progress Toward ‘New Economy,’ According to ITIF
Massachusetts continues to reign as the U.S. state best prepared to meet the challenges of the current and future global economy, according to the sixth edition of the Information Technology and Innovation Foundation’s (ITIF) State New Economy Index.
Manufacturing Back on the Rise, According to Commerce Department
Between December 2007 and February 2010, the manufacturing sector loss 2.3 million jobs, according to the Department of Commerce. This drastic decline accounted for about one-quarter of the negative shock experienced during those 26 months and the loss in manufacturing represented one-half the decline in U.S. GDP. In the aftermath of this decline, both public and private sector leaders began to search desperately for ways to stop the bleeding. A new Commerce report, Manufacturing Since the Great Recession, indicates that we may have found some success in halting the hemorrhage.
Number of U.S. STEM Graduates Grows, But Workforce Skills Not Keeping Pace with Demand
STEM degrees lead to higher salaries and more employment opportunities than other degrees, according to the National Center for Education Statistics (NCES). Despite these economic advantages, only 16 percent of 2008 graduates received a STEM degree. The lack of workers with STEM skills has created a difficult hiring environment for many U.S. firms. A recent Brookings Institution study reveals that the lack of STEM graduates has meant that STEM job postings take twice as long to fill as other postings.