Fact of the Week

December 20th, 2016 by

We all know how critical the elves are to the entire Santa Claus Christmas operation. Indeed, elf productivity is legendary. However, even Santa and his elves could not accomplish all the gift-producing and gift-giving on their own. Make no mistake, small businesses are critical helpers to Santa Claus. For example, when you look at the […]

December 14th, 2016 by

Policy plays a huge role in improving productivity growth The U.S. Bureau of Labor Statistics released an updated look at third quarter productivity earlier this month. Nonfarm business labor productivity actually rose at an annualized rate of 3.1 percent in the third quarter. This likely lines up as another occasional blip up in a quarter […]

December 11th, 2016 by

The U.S. Bureau of Economic Analysis on December 6 gave us the first look at exports and imports in the fourth quarter, with its release of October trade numbers. In SBE Council’s recent Gap Analysis #7: Lost Exports, Lost Small Businesses, it was noted that export growth, for example, has been woeful over the past […]

December 2nd, 2016 by

The Institute for Supply Management’s read on manufacturing for November pointed to the manufacturing sector expanding its output in November. As reported by the ISM: “Manufacturing expanded in November as the PMI registered 53.2 percent, an increase of 1.3 percentage points from the October reading of 51.9 percent, indicating growth in manufacturing for the third […]

December 2nd, 2016 by

More exit the workforce, entrepreneurship declines by Raymond J. Keating- The November jobs report from the U.S Bureau of Labor Statistics was another mixed at best snapshot of where the U.S. economy stands. Consider 3 troubling takeaways from the report: Payroll Growth Far from Robust The reported 178,000 gain in payrolls in November, according to […]

November 18th, 2016 by

  The industrial sector of our economy has suffered significantly over the past nine years, since the start of the last recession and throughout this poor expansion/recovery period. It has been a period of lost industrial, including manufacturing, output, and lost manufacturing employer firms, including small manufacturers. Decrease in Number of Small Manufacturers As noted […]

November 9th, 2016 by

November 8 was a historic election, with President-elect Donald Trump taking nearly everyone by surprise, and Republicans holding the U.S. Senate and strongly performing in terms of holding their majority in the House of Representatives. But there’s more to consider, including direct votes in the states of a variety of measures important to small business, […]

November 4th, 2016 by

  Heading into next week’s presidential election, the October jobs report turned out to be underwhelming. In terms of the establishment (or payroll) survey, jobs increased by a far-less-than-robust 161,000 in October. To put that in perspective, strong monthly job growth would be running in the 250,000 range. It also should be noted that payroll […]

October 22nd, 2016 by

By Raymond Keating- Can entrepreneurship be taught? The debate continues to rage. Do entrepreneurs simply have something innate that drives them forward, or does entrepreneurship need to be learned? And what about the pain and consequences when a business fails? These are some of the big questions about entrepreneurship that every entrepreneur or would-be entrepreneur […]

October 10th, 2016 by

  The story, once again, was mixed on the jobs front for the U.S. economy in the latest data released by the U.S. Bureau of Labor Statistics on Friday, October 7. Overall Jobs Picture According to the establishment (or payroll) survey, job creation slowed in September to 156,000, down from 167,000 in August and 252,000 […]

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