PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Business Trends

August 16th, 2019 by

by Raymond J. Keating- Assorted key economic data were released on August 15. And while labor productivity and retail sales were positive, industrial production (i.e., the real output of the manufacturing, mining, and electric and gas utilities) declined in July. According to the latest report on industrial production from the Federal Reserve, industrial production declined […]

August 15th, 2019 by

by Raymond J. Keating- According to the latest retail sales numbers from the U.S. Census Bureau, the consumer is withstanding a barrage of uncertainty and market volatility. Retail and food services sales showed a solid gain of 0.7 percent in July. The glaring negative in July was autos, which were down by 0.6 percent. In […]

August 14th, 2019 by

by Raymond J. Keating- As we’ve seen a variety times over recent decades, the Federal Reserve can get distracted, or even lost in visions of grandeur, forgetting what the true job of a monetary authority is. The lone job that the Fed is fit to do is to work to maintain price stability. That usually […]

August 9th, 2019 by

by Raymond J. Keating- According to the latest consumer credit report from the Federal Reserve, revolving credit (mainly credit cards) declined in June at a seasonally-adjusted, annual rate of 0.1 percent. Overall consumer credit grew by 4.3 percent, with a 5.8 percent increase in nonrevolving credit (which includes “motor vehicle loans and all other loans […]

August 8th, 2019 by

by Raymond J. Keating- The U.S. Bureau of Labor Statistics latest report on job openings and labor turnover pointed to job openings, hires and quits remaining at healthy rates. The job openings rate (i.e., job openings divided by total employment plus job openings) in June came in at 4.6 percent, and has remained in a […]

August 2nd, 2019 by

by Raymond J. Keating- If you look at the media headlines, or even what’s emphasized by assorted economists, the July jobs report from the U.S. Bureau of Labor Statistics would be a middling affair. That is, the establishment survey pointed to a payrolls gain of 164,000. For good measure, the unemployment rate remained unchanged at […]

August 2nd, 2019 by

by Raymond J. Keating- Small Business Policy Index 2019: New York ranked 47th – or the fourth worst – among the 50 states. SBE Council’s “Small Business Policy Index 2019” ranks the 50 states according to 62 different policy measures, including a wide array of tax, regulatory and government spending and performance measurements. Small Business […]

July 31st, 2019 by

by Raymond J. Keating- A July 30th report from the U.S. Bureau of Economic Analysis offered news pointing to improvement on personal income. The topline story was solid, with personal income growing by 0.4 percent in June, matching the monthly rate for each of the previous three months. But the important story when it comes […]

July 16th, 2019 by

by Raymond J. Keating- Industrial production (i.e., the real output of the manufacturing, mining, and electric and gas utilities) saw no growth in June, according to the latest report from the Federal Reserve. However, manufacturing output, which makes up the biggest chunk of industrial production, grew for the second consecutive month. The main negative was […]

July 16th, 2019 by

by Raymond J. Keating- After a weak stretch from August 2018 to February 2019, retail sales in June 2019 continued a recent streak of growth. As reported by the U.S. Census Bureau, U.S. retail and food services sales grew by 0.4 in June. That followed growth of 0.4 percent in both April and May, and […]

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