Press Releases

October 19th, 2022 by

by Raymond J. Keating –  The latest report on residential construction from the U.S. Census Bureau showed both housing starts and permits taking hits in September. This raises more questions about recession, as well as putting attention on the need for sound policymaking. Housing starts (annual rate) were down by 8.1 percent in September versus […]

October 18th, 2022 by

“The U.K.’s CMA has taken direct aim at America’s startup ecosystem through its brash overreach.”  For Immediate Release Washington, D.C. – Today, Meta announced that it will sell GIF-sharing platform Giphy in response to a final decision reached by the United Kingdom’s Competition and Market Authority (CMA), which asserted the acquisition could reduce competition among […]

October 14th, 2022 by

by Raymond J. Keating – The Census Bureau has reported that retail sales in September came in flat. But when one factors inflation into the mix, retail sales actually declined in real terms. Seasonally adjusted retail and food services sales grew at 0 percent for September. And compared to a year earlier, sales were up […]

October 13th, 2022 by

NEWS For Immediate Release Washington, D.C. – According to the latest data released by the U.S. Bureau of Labor Statistics, high inflation continues its punishing run.  The inflationary pressure continues to tear at the financial health of small and local businesses, according to Small Business & Entrepreneurship Council president & CEO Karen Kerrigan. She issued […]

October 11th, 2022 by

NEWS For Immediate Release Washington., D.C – Today, the United States Department of Labor (DOL) announced a proposed rule that will make it more costly, complex and difficult for individuals to enjoy flexibility and economic opportunity through independent contractor work. Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement on […]

October 7th, 2022 by

by Raymond J. Keating – The September employment report from the U.S. Bureau of Labor Statistics pointed to job growth slowing. Nonfarm payroll employment (from the establishment survey) grew by 263,000 in September, and that’s still a solid monthly gain. However, it was down from larger gains earlier in the year. Meanwhile, according to the […]

October 5th, 2022 by

by Raymond J. Keating –  The latest surveys of purchasing managers from the Institute for Supply Management (ISM) offered additional warning signals regarding the U.S. economy. On Monday, October 3, the ISM Manufacturing PMI for September was released and it came in at 50.9 percent. While that remained in the growth range (anything above 50 […]

October 4th, 2022 by

by Raymond J. Keating – We’re in a tough economy, which often leads to the rise of silly talk on the economy. And one area where silly talk seems to gain great traction is on trade, and I’m not even talking about politicians on both sides of the political aisle arguing for protectionism via tariffs. […]

September 30th, 2022 by

by Raymond J. Keating – The U.S. Bureau of Economic Analysis just updated its estimate of second quarter U.S. GDP, while also offering its estimate of GDP growth by state. Matters didn’t improve for U.S. GDP with this latest update. Instead, the U.S. economy still shrank by 0.6 percent (annual rate) in the second quarter, […]

September 28th, 2022 by

by Raymond J. Keating –  The latest report on consumer confidence from the Conference Board indicates that consumers were feeling a bit more confident in September. For the second month in a row, consumer confidence moved in a positive direction. As the Conference Board explained: “The Index now stands at 108.0 (1985=100), up from 103.6 […]

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