Fact of the Week

December 13th, 2017 by

by Raymond J. Keating- The U.S. Senate-passed “Tax Cuts and Jobs Act” would allow for oil and natural gas production in the Arctic National Wildlife Refuge (ANWR). That would be a clear positive for the state of Alaska, for small businesses, and the economy. In a joint statement released by Alaska’s three Members of Congress – […]

November 28th, 2017 by

by Raymond J. Keating- New housing sales were up in a big way in October. The U.S. Census Bureau reported on November 27 that sales of new single-family homes registered a seasonally adjusted annual rate of 685,000 in October, up by 6.2 percent over the September level and by 18.7 percent over a year earlier. […]

November 2nd, 2017 by

by Raymond J. Keating- It’s fitting that Republicans in the U.S. House of Representatives released their tax plan on the same day that the U.S. Bureau of Labor Statistics released its latest take on labor productivity. After all, a tax plan that incentivizes entrepreneurship and investment would be good news for faster productivity growth, and […]

October 27th, 2017 by

by Raymond J. Keating- The United States has now experienced, according to the latest data from the U.S. Bureau of Economic Analysis, two straight quarters of at least three percent real GDP growth. That has not happened since the second and third quarters of 2014. The hope is that not only can we get growth […]

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 […]

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