PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Keating’s CyberColumn

May 8th, 2020 by

by Raymond J. Keating- U.S. jobs evaporated during the month of April, according to the latest report from the U.S. Bureau of Labor Statistics. In addition, self-employment took a major hit. Let’s consider some key points from the report: ● According to the establishment survey, nonfarm payroll employment declined by 20.5 million in April, after […]

April 30th, 2020 by

by Raymond J. Keating- The U.S. Bureau of Economic Analysis reported on April 30 that personal income, disposable income (personal income less personal current taxes) and personal consumption expenditures (PCE) suffered big declines in March. For example, personal income dropped by 2 percent in March versus February, as did disposable income. Meanwhile, personal consumption expenditures […]

April 10th, 2020 by

by Raymond J. Keating- Make no mistake, no part of this country will escape the economic pain being inflicted by the coronavirus and related economic shutdown measures. But are some states in a better position to weather the storms than others? That’s a difficult question to answer, but we can consider some important pieces of […]

April 9th, 2020 by

by Raymond J. Keating- The coronavirus and related economic shutdown continues to take a heavy toll on individuals, families, and businesses. And as the latest initial unemployment claims report from the U.S. Department of Labor makes clear, with 6.6 million new claims in the week ending April 4, troubles will not be easing up soon. […]

March 28th, 2020 by

by Raymond J. Keating- Amidst the coronavirus crisis and economic downturn, we’ve seen wonderful examples of people helping and pitching in however they can. That goes for many businesses as well. For example, The Washington Post reported on how the founder of Fanatics, Inc., Michael Rubin, came up with the idea in the middle of […]

March 24th, 2020 by

by Raymond J. Keating- The coronavirus and governments’ largely necessary responses have created enormous amounts of fear and uncertainty in many of our lives. Health risks, worrying about loved ones, lost jobs, small businesses struggling to hang on, and wondering how bills will be paid stand out as harsh realities for millions of Americans. But […]

February 28th, 2020 by

by Raymond J. Keating- The U.S. Bureau of Economic Analysis released its second estimate on fourth quarter 2019 gross domestic product (GDP). The real GDP growth rate remained unchanged from the first estimate at a lackluster 2.1 percent, with the 2.3 percent growth rate for all of 2019 – slowest since 2016 – also unchanged. […]

February 18th, 2020 by

by Raymond J. Keating- Earlier this month, Square/Gallup published the results of a poll of small business owners taken from January 15-24 in effect measuring their engagement on the 2020 presidential campaign. Square/Gallup reported that 60 percent of small business are paying “a lot” of attention to the campaign, with another 30 percent saying that […]

January 26th, 2020 by

The latest outlook shows global GDP rebounding, and U.S. GDP slowing by Raymond J. Keating- The International Monetary Fund (IMF) just released the latest update to its World Economic Outlook. As usual with the IMF, there are issues that raise questions, but one issue actually is substantive and striking, and that pertains to projections regarding […]

December 26th, 2019 by

by Raymond J. Keating- The latest state employment report from the U.S. Bureau of Labor Statistics continues to show that job growth is split among the states. First, for the month of November compared to October, nonfarm payroll employment grew in six states (Texas, Michigan, Virginia, Washington, Tennessee and Oregon), dropped in one state (Illinois) […]

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