Under Secretary of Commerce for Economic Affairs

Last updated
United States
Under Secretary of Commerce
for Economic Affairs
Seal of the United States Department of Commerce.svg
Incumbent
Oliver Wise
Acting  since February 2, 2024
FormationJune 16, 1982
Website Official website

The Office of the Under Secretary for Economic Affairs, or OUSEA, is a high-ranking official in the United States Department of Commerce that serves as the principal adviser to the United States Secretary of Commerce on economic analysis.

Contents

The Under Secretary is appointed by the president of the United States and confirmed by the United States Senate to serve at the pleasure of the president. In October 2021, President Joe Biden nominated Jed Kolko to be Under Secretary. He was confirmed by the United States Senate on April 7, 2022, and sworn in on April 19. [1] [2] [3] Kolko resigned in February 2024 and was succeeded by acting under secretary Oliver Wise. [4]

Overview

As the principal element of the Commerce Department for economic affairs, the Under Secretary provides timely economic analysis and disseminates national economic indicators. The Under Secretary serves as the Department's representative to the president's Council of Economic Advisers, interagency panels on economic issues, and other government agencies concerned with economic matters. The Under Secretary's principal responsibilities include: economic forecasting, consultation with the private sector on economic and broad economic sectoral developments, and policy analysis and development in the areas of economic policy.

The Under Secretary oversees the United States Census Bureau and the Bureau of Economic Analysis. These two statistical agencies gather, calculate, and disseminate much demographic, social and economic data including reports on the nation's gross domestic product, retail sales, personal income, housing starts, inventory levels and international trade. [5]

With the rank of Under Secretary, the USC(EA) is a Level III position within the Executive Schedule. Since January 2010, the annual rate of pay for Level III is $165,300.

History

The position was created by an Act of Congress on June 16, 1982. [6] The Under Secretary for Economic Affairs is fourth in the line of succession for Secretary of Commerce. [7]

List of officeholders

NameAssumed officeLeft officeAppointed by
Robert G. Dederick [8] 19821983 Ronald Reagan
Sidney L. Jones [9] [10] October 3, 1983November 1985
Cynthia Glassman [11] October 5, 2006January 20, 2009 George W. Bush
Rebecca Blank official portrait.jpg
Rebecca Blank [12] 		June 9, 2009March 29, 2012 Barack Obama
Mark Doms Official Portrait 03-11-2013.jpeg
Mark Doms [13] 		January 3, 2013September 18, 2015
Justin Antonipillai [14] (Acting)January 2016December 2016
Brad Burke [15] (Acting)December 2016August 2, 2017
Karen Dunn Kelley official photo.jpg
Karen Dunn Kelley 		August 2, 2017November 18, 2018 Donald Trump
Brian C. Moyer (Acting)November 18, 2018March 2020
Jed Kolko, Under Secretary of Commerce.jpg
Jed Kolko 		April 19, 2022February 2, 2024 Joe Biden
Oliver Wise (Acting)February 2, 2024Incumbent

Reporting Officials

Officials reporting to the Under Secretary include:

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References

  1. ↑ "PN1221 - Nomination of Jed David Kolko for Department of Commerce, 117th Congress (2021-2022)". Congress.gov. Library of Congress. Retrieved 2022-04-25.
  2. ↑ "PN1538 - Nomination of Jed David Kolko for Department of Commerce, 117th Congress (2021-2022)". Congress.gov. Library of Congress. Retrieved 2022-04-25.
  3. ↑ Raimondo, Gina [@SecRaimondo] (April 19, 2022). "Jed Kolko is an accomplished economist with the ability to transform data into research that is both accessible & actionable" (Tweet). Retrieved 2022-04-25– via Twitter.
  4. ↑ @JedKolko (February 1, 2024). "Personal jobs report! Tomorrow is my last day at @CommerceGov. I am so grateful to @POTUS and @SecRaimondo for the chance to serve as Under Secretary for Economic Affairs. My colleagues at Team OUSEA,@uscensusbureau, and @BEA_News inspired me every day. Thank you!" (Tweet) – via Twitter.
  5. ↑ "Under Secretary - Economics and Statistics Administration" . Retrieved September 22, 2007.
  6. ↑ "US CODE: Title 15,1503a. Under Secretary of Commerce for Economic Affairs" . Retrieved September 22, 2007.
  7. ↑ "Executive Order on Succession at the Department of Commerce" . Retrieved September 22, 2007.
  8. ↑ "Robert Dederick, undersecretary of commerce for economic affairs, dies at 86". Chicago Tribune .
  9. ↑ "Sidney L. Jones Papers". Gerald R. Ford Presidential Library and Museum . Retrieved Sep 23, 2014.
  10. ↑ Farnsworth, Clyde H. (1984-01-29). "COMMERCE'S NEW ECONOMIST: SIDNEY JONES; THE MAN BEHIND ALL THOSE NUMBERS". The New York Times. ISSN   0362-4331 . Retrieved 2016-12-12.
  11. ↑ Pan, Jock (2010). The United States Outer Executive Departments.
  12. ↑ "Dr. Rebecca Blank Sworn In as Under Secretary for Economic Affairs, Top Advisor to Secretary Locke | Department of Commerce". 2010-2014.commerce.gov. Retrieved 2016-12-12.
  13. ↑ "Dr. Mark Doms" . Retrieved September 12, 2016.
  14. ↑ "Justin Antonipillai" . Retrieved September 12, 2016.
  15. ↑ "Brad Burke" . Retrieved June 12, 2017.
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