Fact of the Week

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 […]

October 1st, 2016 by

  The most recent SBE Council gap analysis – “Gap Analysis #5: Americans’ Lost Income” – made clear that during the current recover-expansion period, growth in per capita real disposable personal income, which is personal income less personal taxes adjusted for population and inflation, has registered as a fraction of the long-term average growth rate. […]

September 22nd, 2016 by

In one of the strangest election seasons in our nation’s history, one issue that seems to unite the two leading party candidates is a hostility toward free trade and U.S. trade agreements. That, of course, is unfortunate, distressing and, especially if acted on, extremely dangerous for the U.S. economy, including small business. While international trade […]

September 16th, 2016 by

  On the Global Innovation Index 2016 (GII), published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), the United States ranked fourth, moving up one spot from where it ranked on last year’s index, out of 128 nations. Of course, innovation – that is, bringing new products, services, technology, tools and methods […]

September 7th, 2016 by

When it comes to private sector businesses in the U.S., labor union membership has become nearly inconsequential. But that does not mean labor unions are inconsequential as to their impact on the overall economy. Labor Union Membership is Quite Low Consider that private labor union membership plummeted from 24.2 percent of employment in 1973, for […]

August 26th, 2016 by

Looking for economic growth? Well, it continues to be very hard to find. 3 Straight Quarters of Poor Growth The latest revision of second quarter GDP shaved a bit off the real growth rate, taking it from 1.2 percent to 1.1 percent. Not much of difference during a quarter where growth badly underperformed. This makes […]

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 […]

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