PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Fact of the Week

October 30th, 2020 by

by Raymond J. Keating- The latest personal income report from the U.S. Bureau of Economic Analysis offers glimmers of hope that the economy is moving in the right direction. Specifically, personal income rose by 0.9 percent in September, along with a 0.7 percent increase in real disposable personal income. Regarding personal income, the BEA reported, […]

October 29th, 2020 by

by Raymond J. Keating- How can an incredible annualized real GDP growth rate of 33.1 percent, according to the latest report from the U.S. Bureau of Economic Analysis, be expected? When it comes after declines of 31.4 percent in the second quarter and 5.0 percent in the first quarter. It must be understood that even […]

October 16th, 2020 by

by Raymond J. Keating- The latest report on retail sales released on October 16 from the U.S. Census Bureau showed that monthly sales for retail and food service establishments continued to slowly climb back in September. Of course, retail sales plunged in March and April, and then bounced back notably in May and June. Growth […]

September 17th, 2020 by

by Raymond J. Keating- A major area of the economy that has bounced back impressively since the first months of this pandemic has been housing. After three months of strong growth, the latest data from the U.S. Census Bureau points to a housing construction taking a breather in August. Well, kind of, given that the […]

September 4th, 2020 by

by Raymond J. Keating- On the long road to recovery, August ranked as a solid month in terms of employment, based on the latest jobs report from the U.S. Bureau of Labor Statistics. The establishment survey pointed to payroll gains of 1.37 million in August, which fell in line with a notable slowdown over the […]

August 28th, 2020 by

by Raymond J. Keating- The news on the unemployment claims front offers more data points and trends again confirming that the U.S. economy continues to struggle. The U.S. Department of Labor reported that initial jobless claims remained above 1 million for the week ending August 22, coming in at 1,006,000 (seasonally adjusted). That was down […]

August 14th, 2020 by

by Raymond J. Keating- According to the latest retails sales report from the U.S. Census Bureau, U.S. retail and food services sales continued to recover in July, but at a slower pace. Retail and food services sales increased by 1.2 percent in July. That was down markedly from growth of 8.4 percent in June and […]

August 6th, 2020 by

by Raymond J. Keating- Coming in at 1,186,000 for the week ending August 1, one cannot say that initial jobless claims improved. While this was the lowest level of initial claims since the pandemic hit the U.S. in March, all we can really say is that this latest number was still bad, but less bad […]

July 30th, 2020 by

To sum things up, during the first two quarters of 2020, $2 trillion (in 2012 dollars) of real GDP was wiped out. Real GDP in the second quarter stood at basically the same level where GDP was at the start of 2015 – that is, five years ago. That’s the hole out of which we […]

July 2nd, 2020 by

by Raymond J. Keating- The U.S. Bureau of Labor Statistics reported notable job gains in the month of June. Both surveys the BLS reports on showed job growth in June. The establishment survey pointed to a gain of 4.8 million in nonfarm payroll jobs. From the low hit in April, nonfarm payrolls have regained 7.5 […]

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