Fact of the Week

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 […]

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 […]

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