Press Releases

October 27th, 2021 by

by Raymond J. Keating – The U.S. Census Bureau’s durable goods report served up a mixed bag on manufacturers’ new orders. The topline certainly was not good news, with new orders in September 2021 declining by 0.4 percent (seasonally adjusted data) versus the previous month. However, this came after four straight months of increases, and […]

October 27th, 2021 by

In an October 25 Orange County Register Op-ed, SBE Council president & CEO Karen Kerrigan questions the wisdom of members of Congress who are working to dismantle big U.S. tech leaders through intrusive legislation and regulatory empowerment. The tech tools and platforms provided by “Big Tech” are extensively used by small businesses to access and […]

October 26th, 2021 by

by Raymond J. Keating – President Biden and Democrats in Congress are unrelenting in their assumptions that they can raise taxes on the wealthy without any negative consequences for the economy. In reality, of course, to paraphrase English poet and clergyman John Donne, no one is an economic island. Raising taxes on those with the […]

October 22nd, 2021 by

by Raymond J. Keating – The latest report on jobs by state from the U.S. Bureau of Labor Statistics serves up some uninspiring numbers on employment. According to the establishment survey, nonfarm payroll employment grew in 11 states in September compared to the previous month (seasonally adjusted data), with three states suffering declines, and the […]

October 20th, 2021 by

by Raymond J. Keating – The latest Beige Book from the Federal Reserve – an assessment of the economy based on interviews with business contacts, economists, market experts, and others – pointed to economic growth slowing. Specifically, the Beige Book pointed to economic activity growing at a “modest to moderate” pace, but “that the pace […]

October 19th, 2021 by

by Raymond J. Keating – The U.S. Census Bureau latest report on housing permits and starts points to the housing market cooling just a bit. That’s not surprising given how hot housing has been during the pandemic, and given the many and varied supply chain and labor challenges. Indeed, an assortment of questions points to […]

October 18th, 2021 by

  by Raymond J. Keating – The Federal Reserve’s latest report on industrial production raises some serious questions about the economy. The Fed reported that industrial production – which is the actual output of the manufacturing, mining and utility sectors of our economy – declined by 1.3 percent in September. For good measure, output for […]

October 16th, 2021 by

by Raymond J. Keating – The U.S. Census Bureau reported that retail and food services sales grew by 0.7 percent in September. What does that and the rest of the data tell us? The Inflation Factor First, we have to point out that retail sales are not adjusted for inflation. So, when inflation is factored […]

October 15th, 2021 by

by Raymond J. Keating- One ray of economic hope has persisted not long after the pandemic hit. That is, after suffering big declines when the pandemic first struck, the number of business applications (seasonally adjusted) didn’t just quickly bounce back to previous levels, but skyrocketed beyond where they had been. As noted in the latest […]

October 14th, 2021 by

NEWS For Immediate Release Washington, D.C. – According to various press reports, a bill will soon be introduced in the U.S. Senate – “The American Innovation and Choice Online Act” – by Senator Klobuchar (D-MN) and Senator Grassley (R-IA), which proposes to dictate how large tech firms serve customers and small businesses. The legislation would […]

News and Media Releases