Fact of the Week

August 16th, 2016 by

On the morning of August 16, the Federal Reserve released its first look at industrial production for July 2016. Total industrial production – i.e., the real output of the manufacturing, mining, and electric and gas utilities industries – in July was up 0.7 percent. That was the second month in a row of growth (+0.4 […]

August 9th, 2016 by

The preliminary look  at second quarter nonfarm business sector labor productivity was anything but positive. Rather than increasing, as many market analysts were predicting, productivity dropped by 0.5 percent at an annual rate in the second quarter. (As defined by the BLS, “Labor productivity, or output per hour, is calculated by dividing an index of […]

August 2nd, 2016 by

When housing is hurting, small business and our economy are hurting. The Census Bureau released the latest home ownership data on July 28, and a key part of the story told by the numbers is the long, continuing decline in the U.S. home ownership rate. The home ownership rate peaked in the fourth quarter of […]

July 29th, 2016 by

by Raymond J. Keating- The Democratic Party’s platform, unfortunately, is not a constructive document when it comes to the general outlook on how the economy works, and on taxes and regulation. It is striking just how much this platform embraces government action, especially the idea of government regulating vast areas of business and everyday life. […]

July 25th, 2016 by

By Raymond Keating- In a recent SBE Council analysis, I asked: Is American business in a recession? In that article, we pointed to poor performance on GDP, industrial production, business investment, entrepreneurship and job creation, and highlighted that government revenue data revealed a troubling decline in corporate income tax receipts. In fact, the recent trend […]

July 12th, 2016 by

On July 8, the U.S. Bureau of Labor Statistics released the June jobs report, and it was received warmly in the market. But there were questions that have largely gone ignored, and a very troubling trend on the entrepreneurship front continued. After a particularly bad May employment report, and a general downward trend over the […]

July 1st, 2016 by

On June 22, 2016, the National Hockey League (NHL) confirmed that the league granted an expansion team to Las Vegas. The team – yet to be named – will begin play in the 2017-18 season. This is the first major league sports franchise to be located in Las Vegas, and it’s certainly welcome news for […]

June 24th, 2016 by

The May durable goods report released by the U.S. Census Bureau on the morning of June 24 served up further bad news on business investment. New durable goods orders in May declined by 2.2 percent, after a 3.3 percent increase in April. And since volatility in defense and transportation orders can create distortions, it’s always […]

June 16th, 2016 by

The growth in industrial production experienced in April turned out, unfortunately, to be a temporary blip up, as contraction resumed in May. That is, the recession in the U.S. industrial sector persists. The latest report from the Federal Reserve showed a decline in May of 0.4 percent in total industrial production – i.e., the real […]

June 7th, 2016 by

There was no surprise when the most recent Gallup poll reported that the top issue for Americans is the economy. But the numbers are actually bigger than what a first glance might reveal. Gallup asked: “Regardless of who wins the election, what single issue or challenge are you most interested in having the next president address […]

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