Fact of the Week

October 13th, 2017 by

by Raymond J. Keating- When able to sort out the impact of Hurricanes Harvey and Irma, the jobs data for September actually turned out to be solid, as noted in a recent SBE Council analysis. It also turns out that retail sales, as reported by the U.S. Census Bureau, did pretty well. Another good piece […]

September 29th, 2017 by

by Raymond J. Keating- The latest personal income data report released by the U.S. Bureau of Economic Analysis was not exactly robust – in fact, it was troubling in the measure that matters most. The key data to look at in the personal income report is real per capita disposable personal income, which is after-tax […]

September 21st, 2017 by

by Raymond J. Keating- Americans have great confidence in small businesses. Gallup has reported that “70% of Americans have ‘a great deal’ or ‘quite a lot’ of confidence in small business, more than three times the 21% confidence rating for big business.” On the small business level of confidence, it was noted, “This year’s 70% […]

September 18th, 2017 by

by Raymond J. Keating Industrial production, in particular, manufacturing production, has been an ongoing concern. Prior to August, manufacturing output was flat in July, and had been on an up-and-down roller coaster ride since February. And then Texas and Florida – the second and third largest states in the nation – were hit by Hurricanes […]

September 7th, 2017 by

by Raymond J. Keating- In the Federal Reserve’s Beige Book released on September 6, it was reported, “Economic activity expanded at a modest to moderate pace across all twelve Federal Reserve Districts in July and August.” On jobs, the Fed found, “Employment growth slowed some on balance, ranging from a slight to a modest rate […]

September 1st, 2017 by

by Raymond J. Keating- On August 31, the U.S. Bureau of Economic Analysis released some positive news regarding personal income for the month of July. Specifically, personal income in July was up by 0.4 percent versus June. In fact, growth has been solid in two out of the last three months. While the media, and […]

August 30th, 2017 by

by Raymond J. Keating- Second quarter real economic growth was stronger than initially reported, as explained in the second estimate from the U.S. Bureau of Economic Analysis released on August 30. There were two pieces of good news that bumped growth up from an original estimate of 2.6 percent to 3.0 percent. First, personal consumption […]

August 2nd, 2017 by

Entrepreneurs and small business owners, sign the Petition for Tax Reform in 2017! by Raymond J. Keating- Discussions about tax reform are heating up, and that’s good news for entrepreneurship, small business, workers and the overall economy. The last time we saw tax reform was in 1987. Since then, the U.S. tax system certainly has […]

May 17th, 2017 by

Damaging to Small Business Growth, Competitiveness and Investment by Raymond J. Keating- As the tax reform debate proceeds, it’s important to understand that the U.S. currently imposes one of the highest corporate income tax rates on the planet, and that rate affects small companies as well as large firms. Consider some key points, based on […]

May 5th, 2017 by

  by Raymond J. Keating- The Bureau of Labor Statistics served up April jobs numbers on May 5, 2017, and the numbers were a mix of some positive news as well as some persistent concerns. Let’s consider 5 key points: 1)Nonfarm payrolls increased by 211,000 in April. That was up from a poor showing of […]

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