Keating’s CyberColumn

May 31st, 2019 by

by Raymond J. Keating- The latest report on personal income from the U.S. Bureau of Economic Analysis pointed to 0.5 percent growth in personal income in April. Normally, that would be viewed as pretty healthy. However, there’s more to the story when digging below the headline. First, inflation, as measured by the personal consumption expenditure […]

May 15th, 2019 by

by Raymond J. Keating- Figuring out what’s going on with the economy often is like piecing together a puzzle. When each piece is put in place, one hopefully gains an improved look at the overall picture. At the same time, though, the picture itself can be unclear. For good measure, since we are talking about […]

May 10th, 2019 by

by Raymond J. Keating- At the Small Business & Entrepreneurship Council (SBE Council), we just published “Small Business Policy Index 2019: Ranking the States on Policy Measures and Costs Impacting Small Business and Entrepreneurship.” This is the 23rd annual edition of the report (view an interactive map with rankings and summaries). It’s fitting that the study […]

May 4th, 2019 by

by Raymond J. Keating- Given the way that jobs numbers are reported by the media and talked about by politicians early each month, it would be easy to think that the Bureau of Labor Statistics “Employment Situation” report is one unified report. But that is not the case. In reality, what the BLS offers each […]

May 3rd, 2019 by

by Raymond J. Keating- According to the latest report from the U.S. Bureau of Labor Statistics, annualized nonfarm labor productivity jumped by 3.6 percent in the first quarter of 2019. That was the best rate of growth since the third quarter of 2014. In fact, the first quarter 2019 report was solid across the board, […]

May 1st, 2019 by

by Raymond J. Keating- I appreciate entrepreneurship practically in all forms and from all sources. As an economist who studies entrepreneurship and the economy, though, I want to know the details of entrepreneurship. And that includes the relationship between age and entrepreneurship. The bias today tends to lean toward entrepreneurship, especially the most successful startups, […]

April 15th, 2019 by

by Raymond J. Keating- Many small business owners will tell you that regulatory burdens can be just as costly to their enterprises as taxes are. Indeed, some will say that the costs of regulations can be even weightier than the tax burden. And that’s the case not only for federal regulations, but also for state […]

April 12th, 2019 by

…it is bigger than what’s being formally reported. by Raymond J. Keating- The U.S. Bureau of Economic Analysis released a report early this month estimating the size of the “digital economy.” According to this analysis, the digital economy accounted for 6.9 percent of GDP, or $1.35 trillion, in 2017. As noted in the following chart, […]

March 31st, 2019 by

by Raymond J. Keating- Due to the government shutdown, the latest news on personal income released by the U.S. Bureau of Economic Analysis combined January and February data, but also was incomplete. Here are the few key points from the report: ● Personal income actually declined in January by 0.1 percent. That was the first […]

March 23rd, 2019 by

by Raymond J. Keating- Each year, one of my favorite moments is the publication of the Economic Report of the President. Yeah, I know, it’s largely an economist or policy nerd thing – or perhaps a superhero thing. The 2019 edition of the Economic Report of the President was just recently published, and it serves […]

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