PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Press Releases

May 18th, 2024 by

In a recent Townhall Op-Ed, SBE Council president & CEO Karen Kerrigan writes about the retrenchment in the life-science sector of the U.S. economy – a sector dominated by small to mid-size businesses. Kerrigan writes: Put simply, it is a precarious time to be a biotech startup or small biotech company, regardless of the lifesaving […]

May 17th, 2024 by

by Raymond J. Keating –  Some key data point to a disappointing start to the economy in the second quarter. First, we saw that retail sales were down in April in real terms, and that’s followed by the Federal Reserve’s reporting that industrial production was flat in April. The percent change in industrial production, which […]

May 15th, 2024 by

Consumers slam on the brakes by Raymond J. Keating – The latest retail and food services sales report from the U.S. Census Bureau pointed to consumers slamming on the brakes on spending in April. Specifically, growth in retail and food services sales (seasonally adjusted) experienced no growth in April. Even worse, that means when factoring […]

May 7th, 2024 by

  by Raymond J. Keating – Business investment is essential to economic growth now, but also into the future, as investment serves as the seeds for future growth and development. In the GDP data, business investment is captured in real private fixed nonresidential investment. And there are three broad areas of investment within this larger […]

May 3rd, 2024 by

NEWS For Immediate Release Washington, D.C. – National Small Business Week is nearing a close and rather than end on a positive note for America’s small businesses, President Joe Biden ended the week as he started, by announcing a policy action that undermines American small businesses and entrepreneurial opportunity. Today, President Biden vetoed a resolution […]

May 3rd, 2024 by

by Raymond J. Keating – The latest employment report from the U.S. Bureau of Labor Statistics (BLS) showed a slowdown in nonfarm payroll employment gains. The establishment survey estimated that payroll gains registered 175,000 in April, which was the smallest gain since October of last year. Meanwhile, the report’s household survey, which better captures small […]

May 2nd, 2024 by

by Raymond J. Keating –  The good news in the latest labor productivity report from the U.S. Bureau of Labor Statistics (BLS) is that nonfarm business sector labor productivity grew in the first quarter of 2024. However, the rate of growth slowed markedly from strong growth in the previous three quarters in 2023. At a […]

May 1st, 2024 by

by Raymond J. Keating –  The Federal Open Market Committee (FOMC) announced on May 1 that it would leave interest rates unchanged – that is, it would “maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent.” That was largely expected. But something far more interesting was said. And let’s give […]

April 30th, 2024 by

The news from The Conference Board wasn’t good in terms of its latest read on consumer confidence. Of course, that’s not good news to hear during National Small Business Week. In April, The Conference Board’s Consumer Confidence Index took a notable decline from a downwardly revised 103.1 in March to 97.0 in April. That’s the […]

April 29th, 2024 by

by Raymond J. Keating – It’s National Small Business Week, and one is left wondering how many federal elected officials are serious about substantively improving the policy environment so that entrepreneurship and small businesses can flourish. In addition to ever-mounting regulatory burdens, as noted in this SBE Council analysis, there is the issue of taxes. […]

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