PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Fact of the Week

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 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 […]

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. […]

April 26th, 2024 by

by Raymond J. Keating –  According to the latest personal income report from the U.S. Bureau of Economic Analysis, personal income grew in March, while inflation (as measured by the personal consumption expenditures (PCE) index) still ran too hot. Personal income – seasonally adjusted but in nominal dollars – increased by 0.5 percent in March. […]

March 26th, 2024 by

by Raymond J. Keating –  Each month, the durable goods report from the U.S. Census Bureau provides information on new orders to manufacturers, including orders for capital goods, i.e., products used to produce other products, or capital investment. New orders for manufactured durable goods grew by 1.4 percent in February. That came after two monthly […]

February 27th, 2024 by

by Raymond J. Keating – There’s not much too latch onto that’s positive in the latest durable goods report from the U.S. Census Bureau. Indeed, this is not a pretty picture of new orders for manufactured durable goods in January. The topline number showed that durable goods orders plummeted by 6.1 percent in January, and […]

February 15th, 2024 by

by Raymond J. Keating – The latest retail sales report from the U.S. Census Bureau was sobering. Retail and food services sales (seasonally adjusted) for January 2024 declined by 0.8 percent compared to December. For good measure, December sales were revised down from +0.6 percent to +0.4 percent. Compared to a year earlier, retail and […]

February 1st, 2024 by

….Manufacturing Troubles Persist by Raymond J. Keating – Productivity is one of those important economic measures that doesn’t get the attention it deserves. After all, labor productivity affects business profitability, worker earnings and economic growth. In terms of definitions, labor productivity is output per hour, and is arrived at by dividing an index of real […]

January 26th, 2024 by

by Raymond J. Keating – U.S. personal income growth slowed in December, while consumption saw a strong increase, according to the latest personal income report from the U.S. Bureau of Economic Analysis. Inflation as measured by the PCE (personal consumption expenditures) index, ran at 0.2 percent in December. Therefore, the nominal gain of 0.3 percent […]

January 25th, 2024 by

by Raymond J. Keating – U.S. real GDP for 2023 closed on a pretty solid note in the fourth quarter, although economic growth for the entire year meant that 2023 ranked as another under-performer. Before diving into some of the key data from the latest GDP report from the U.S. Bureau of Economic Analysis, let’s […]

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