Fact of the Week

April 28th, 2016 by

Let’s be clear: There is nothing positive in the U.S. Bureau of Economic Analysis’ release of first quarter GDP. Indeed, a bad economy has gotten worse in recent quarters. Consider 5 Key Points: 1. First quarter annualized real GDP growth came in at a mere 0.5 percent. While this recovery/expansion period has been abysmal – […]

April 15th, 2016 by

The hope that the U.S. industrial sector pulled out of recession suffered a setback with the Federal Reserve’s latest take on industrial production. The Numbers Industrial production – i.e., the real output of the manufacturing, mining, and electric and gas utilities industries – declined in March by 0.6 percent. That matched a drop of 0.6 […]

April 5th, 2016 by

Is there a glimmer of hope in the latest trade data? The U.S. Bureau of Economic Analysis released the latest trade balance data on April 5. Let’s consider 5 key points. One:  In February, exports inched up, from $176.3 billion in January to $178.1 billion. Two:  However, this small gain must be put in perspective, as […]

March 31st, 2016 by

MNI and the Institute for Supply Management (ISM) released the Chicago Business Barometer, also known as Chicago Purchasing Manager Index or Chicago PMI, for March on March 31. The Chicago PMI bounced back by six points to 53.6. A measure of 50 marks the dividing line between expansion and contraction. As noted in the report, […]

March 24th, 2016 by

The latest durable goods data raise added questions about the current state of the 2016 economy. The story of the weak economy over the past eight-plus years is clearly linked to a near-decade of poor private business investment. The new durable goods orders report for February points to this investment underperformance persisting, or indeed, getting […]

March 9th, 2016 by

History is made in many different ways and venues, such as in politics, faith, health care, literature, art, music, and business. Since March is Women’s History Month, let’s look at the significant ways in which women entrepreneurs are affecting and have affected our economy and business, and in that sense, have made history. Consider these […]

March 4th, 2016 by

In recent months, the clear positive in the economic data has been jobs. And as noted in the U.S. Bureau of Labor Statistics latest jobs report, the good news continued in February. Both surveys in the jobs report offered positive numbers. The establishment survey pointed to nonfarm payrolls rising by 242,000 in February, which was […]

February 12th, 2016 by

On February 11, Gallup released the results from its latest open-ended question as to what is the most important problem facing the U.S. today. No matter how you look at the results, the economy is by far the biggest issue. Overall, 39 percent cited some kind of economic issue, and the “economy in general” at […]

February 5th, 2016 by

Even though their membership numbers are dwindling, labor unions are having an outsized impact on the small business workplace and the entrepreneurial sector of the economy. The Bureau of Labor Statistics recently released its latest measure of labor union membership in the United States. Total Union Membership Overall, labor union members as a share of employed remained […]

January 22nd, 2016 by

The recovery in the housing sector has been very slow, and neither permits nor starts have climbed back to levels expected during an economic recovery. When looking at the latest data and trends on housing, it’s important to keep in mind that not only does housing play a major part in the U.S. economy – […]

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