PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Business Trends

February 3rd, 2021 by

by Raymond J. Keating- Along with manufacturing, the U.S. services sector got off to a good start in 2021, according to the Institute for Supply Management’s services PMI report for January 2021. The index increased for the eighth consecutive month, and registered its highest level since February 2019. Notable were the facts that both new […]

February 2nd, 2021 by

  by Raymond J. Keating- The early takes on manufacturing in 2021 point to a very encouraging start to the year. The IHS Markit U.S. Manufacturing PMI registered a record high in January 2021 (this index goes back to May 2007), thanks to an acceleration in both output and new orders. That included the most […]

January 29th, 2021 by

by Raymond J. Keating- The latest report on personal income from the U.S. Bureau of Economic Analysis showed growth in personal income resuming in December, after two months of rather stark declines. However, small business income clearly continues to suffer. Personal Income Grows, Small Business Income Shrinks After declining by 0.7 percent in October and […]

January 28th, 2021 by

by Raymond J. Keating- The Federal Open Market Committee statement released on January 27 noted, rightly, its assessment of the economy now and in the near term depends almost completely on the pandemic. However, when it comes to actual monetary policy, the Fed continues to be wildly disproportionate, and perhaps even detached from economic reality. […]

January 28th, 2021 by

  by Raymond J. Keating- The latest report from the U.S. Bureau of Economic Analysis offers the initial estimate on real GDP (gross domestic product, or the value of the goods and services produced less the value of the goods and services used up in production) for the fourth quarter and all of 2020. The […]

January 26th, 2021 by

by Raymond J. Keating- While labor unions continue to carry weight in the halls of political power, while also claiming a significant share of government workers as members, their long decline in the private sector has largely continued. The U.S. Bureau of Labor Statistics recently released its “Union Members – 2020” report. Of course, with […]

January 21st, 2021 by

  by Raymond J. Keating- The devastation from COVID-19 has been brutal. According to the Johns Hopkins Coronavirus Resource Center (accessed on January 20), global deaths due to the pandemic have topped 2.06 million, and that includes more than 401,000 in the U.S. And if that weren’t bad enough, people have suffered from an economic […]

January 15th, 2021 by

by Raymond J. Keating- The news on retail sales for December in the latest report from the U.S. Census Bureau was worse than expected. Retail and food services sales for December declined by 0.7 percent compared to November, after a drop of 1.4 percent in November and a slight decline in October. Market expectations were […]

January 13th, 2021 by

by Raymond J. Keating- The latest edition of the Federal Reserve’s Beige Book offers a decidedly mixed take on the struggle for economic recovery. Modest Increase in Growth Based on information from interviews with “key business contacts, economists, market experts, and other sources,” the Beige Book started off at least somewhat encouraging by noting, “Most […]

January 12th, 2021 by

by Raymond J. Keating- The latest “Job Openings and Labor Turnover” report was just released by the U.S. Bureau of Labor Statistics, and it points to little of substance changing in November regarding job openings, new hires and the quits rate. Meanwhile, the bigger picture provides a reminder that the U.S. economy remains in a […]

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