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03 September 2014
The U.S. economy over the last two months painted a grim picture for the average worker, showing only modest wage growth, but the data showed improving pay for skilled workers in areas like health care and information technology. Economists are keeping a particularly close eye on wage growth as it has not kept up with gains in other metrics measuring the overall economy.
Wage gains are important as they provide the extra cash to workers to fuel the roughly 70 percent of the nation's economy driven by consumer spending.
Overall the economy continued growing modestly this summer as employment, wages and prices slightly increased on the strength of stronger car and home sales and tourism, the Fed said Wednesday.

2013: 11.3 million U.S. jobs supported by overall goods and services exports;
 New data show number of jobs supported by goods exports in each state; 
 Metro areas exported $1.4 trillion in goods

WASHINGTON — The U.S. Department of Commerce today released new data highlighting for the first time the number of jobs supported by goods exports from each of the 50 states, as well as a report on goods [1]exports from the nation’s 387 Metropolitan Statistical Areas (MSA) in 2013. The Commerce Department research shows that U.S. goods [2]exports supported 7.1 million jobs whereas overall goods and services exports – which totaled $2.3 trillion – supported more than 11.3 million American jobs in 2013.

At the same time, U.S. metropolitan areas exported more than $1.4 trillion in goods to the world in 2013, accounting for nearly 90 percent of all U.S. goods exports. Texas exports supported more jobs – an estimated 1.1. million – than were supported by the exports from any other single state. Houston  topped metropolitan area rankings for a second consecutive year with $115 billion in goods exports.

The report, Jobs Supported by Goods Exports from States 2013, is available here.

The report, U.S. Metropolitan Area Exports 2013, is available here.

[1] Goods exports consist of manufactured exports, agricultural and natural resource and mining exports, and scrap/second hand goods.

[2] Data on services exports are not available at the metropolitan area level.

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