Fact of the Week

November 13th, 2019 by

by Raymond J. Keating- Entrepreneurs are a positive, resilient bunch, and that was made clear, once again, in the latest Wells Fargo/Gallup Small Business Index survey. Gallup reported that “the overall index is at +142, up from +136 in July and +129 in April. The index is a measure of owners’ present and future optimism […]

November 7th, 2019 by

by Raymond J. Keating- The U.S. Bureau of Labor Statistics has reported that nonfarm business sector labor productivity decreased 0.3 percent in the third quarter of 2019. At the same time, it must be noted that productivity changes can be quite volatile form quarter to quarter. This third quarter decline comes after two robust quarterly […]

October 26th, 2019 by

by Raymond J. Keating- The U.S. Census Bureau’s September durable goods report indicates that business investment continued to perform poorly in September and throughout the third quarter. Keep in mind that overall private investment declined in the second quarter of this year. That included declining fixed nonresidential (business) investment. And equipment investment declined in the […]

October 18th, 2019 by

by Raymond J. Keating- Housing data tends to be volatile from month to month and frequently subject to substantial revisions. After big jumps in both housing starts and permits in August, the latest housing report from the U.S. Census Bureau showed declines in September. That being the case, it is worth noting that builder confidence […]

October 14th, 2019 by

by Raymond J. Keating- When you look at the GDP data, the story with the consumer actually has been volatile of late. And the latest report from the Federal Reserve on consumer credit point, at least in part, to much the same thing. Over the last three quarters worth of GDP data, real personal consumption […]

September 23rd, 2019 by

by Raymond J. Keating- According to the latest state employment report from the U.S. Bureau of Labor Statistics, employment growth in August was concentrated in just a few states. Specifically, five states had statistically significant gains in nonfarm payroll employment in August over July – Arizona, California, Florida, Georgia and Kansas – while one state […]

August 26th, 2019 by

by Raymond J. Keating –  The durable goods report for July from the U.S. Census Bureau pointed to overall growth. However, there’s some sluggishness in a key measure of business investment. The topline number estimated that durable goods new orders in July grew by 2.1 in July, which was up from 1.8 percent in June […]

August 16th, 2019 by

by Raymond J. Keating- The latest employment data on the states point to the nation being split on employment gains, but also with a distinct advantage existing for states with positive policy climates for entrepreneurship and investment. In its state employment and unemployment report for July 2019, the U.S. Bureau of Labor Statistics noted that […]

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 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 […]

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