PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Press Releases

January 27th, 2023 by

by Raymond J. Keating – The U.S. Bureau of Economic Analysis reported that personal income barely inched higher in December 2022, with personal consumption expenditures declining. Focusing in closer on the report and data, here are three key takeaways. First, inflation, as measured by the personal consumption expenditures (PCE) index which is a favorite of […]

January 27th, 2023 by

The country’s most influential small business leaders, including SBE Council president & CEO Karen Kerrigan, shared thoughts and predictions for policy in 2023 with Rhett Buttle, founder of Public Private Strategies, in his latest Forbes column. As Kerrigan said: “Congress must find bipartisan ways to fully support small businesses in the areas of taxes and tax […]

January 26th, 2023 by

by Raymond J. Keating – The first estimate of GDP (i.e., gross domestic product) in the fourth quarter of 2022 put real economic growth at a below-average 2.9 percent, according to the latest report from the U.S. Bureau of Economic Analysis. For all of 2022, real GDP under-performed at 2.1 percent. Fourth Quarter 2022 Data […]

January 26th, 2023 by

by Raymond J. Keating – At best, Congress and the White House have been dithering in terms of implementing pro-growth policies. At worst, and far closer to the truth, Washington has been pushing an anti-growth agenda, including higher taxes, more regulation, protectionism and more government spending. However, there are examples of elected officials making positive […]

January 20th, 2023 by

by Raymond J. Keating – If you’re seeking an example of the power of special interests in politics, look no further than labor unions. While labor union membership continues to fall – as illustrated by the latest data from the U.S. Bureau of Labor Statistics (BLS) – the political influence of unions persists. The BLS […]

January 20th, 2023 by

by Raymond J. Keating – The latest data from the U.S. Census Bureau showed that the recent dive in residential construction measures that started in May 2022 continued in December. Specifically, residential housing starts registered a seasonally adjusted annual 1,382,000 in December 2022, which was down by 1.6 percent compared to November, and had declined […]

January 19th, 2023 by

by Raymond J. Keating –  The latest industrial production numbers from the Federal Reserve pointed to a poor close to 2022 for the industrial sectors of the U.S. economy. Total industrial production – that is, the physical output, free from price changes, of the manufacturing, mining and utility sectors – declined by 0.7 percent in […]

January 18th, 2023 by

by Raymond J. Keating – The latest retail and food services sales report from the U.S. Census Bureau indicated that the Christmas holiday shopping season to close out 2022 was rather grinchy. Retail and food services sales were down by 1.1 percent in December, after dropping by a revised 1.0 percent in November. Source: Federal […]

January 17th, 2023 by

by Raymond J. Keating – The number of business applications (seasonally adjusted) moved down slightly in December 2022 compared to the previous month, according to latest report from the U.S. Census Bureau. Specifically, total new business applications (i.e., “business applications for tax IDs as indicated by applications for an Employer Identification Number (EIN) through filings […]

January 12th, 2023 by

by Raymond J. Keating –  The recent positive trend in inflation continued in December, according to the latest report from the U.S. Bureau of Labor Statistics. Consumer Price Index inflation for December came in at -0.1 percent. As noted in the following chart, inflation dropped dramatically during the second half of 2022. Previously, inflation – […]

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