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Fact of the Week

FACT OF THE WEEK: Trade Gains and Red Flags for the U.S. Economy

By at 31 October, 2014, 10:46 am

Looking at the latest U.S. GDP data, we see that trade played a big part in the stepped-up growth numbers seen in the last two quarters. Real GDP grew at 4.6 percent in the second quarter of this year, and at 3.5 percent in the third. Meanwhile, real exports grew by 11.7 percent in the […]

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Halloween & Small Business: More Treats than Tricks

By at 24 October, 2014, 7:50 am

As Halloween approaches, many of us think about fun involving candy, costumes and scary decorations. It’s also a fun time for many small businesses. According to the Halloween Consumer Spending Survey from the National Retail Federation: “More than two-thirds (67.4%) of celebrants will buy Halloween costumes for the holiday, the most in the survey’s 11-year […]

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Fact of the Week: U.S.-China Free Trade?

By at 22 October, 2014, 6:35 am

By Raymond J. Keating- It’s always interesting when an idea is floated that pushes the policy envelope. It’s interesting and important when such ideas push policy in the right direction, that is, when economic policy is pushed further in a pro-free enterprise, pro-growth, and pro-opportunity direction. That seems to be the case with a new publication […]

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Are Business Majors Happy?

By at 9 October, 2014, 4:43 pm

Gallup released a poll on October 2 indicating that those who majored in business during college lag those in other major categories when it comes to being interested in, liking, and being motivated at one’s job. Among the key findings: • In terms of the statement “I am deeply interested in the work that I […]

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Fact of the Week: The Labor Force and September Jobs

By at 3 October, 2014, 1:14 pm

The U.S. Bureau of Labor Statistics reported September employment data on Friday, October 3. Once again, it’s a mixed tale. The relatively good news pointed to respectable job gains for the month, but also to a continuing decline in the labor force. First, the fairly good news. According to the establishment survey, payrolls increased by […]

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Climate Posturing at UN While Concerns of Americans Go Ignored

By at 22 September, 2014, 9:17 pm

The United Nations one-day summit on “climate change” on September 23 has all of the makings of grandiose political posturing by some 120 leaders from around the globe – including President Barack Obama. Meanwhile, real issues that matter to people continue to be ignored. Consider, for example, that the summit has nothing to do with […]

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What Does the Recent Batch of Economic Data Tell Us?

By at 19 September, 2014, 12:04 pm

An assortment of economic data has been released over the past couple of weeks. Let’s take a look at a few key indicators, and by doing so, hopefully get a clearer picture of where the economy stands. • Jobs. On the jobs front, the numbers for August were not pretty. In terms of the establishment […]

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FACT OF THE WEEK: July CPI, the Fed, and the Inflation Curve

By at 19 August, 2014, 10:46 am

In July, the Consumer Price Index (CPI) for All Urban Consumers, a standard gauge of inflation, cooled as compared to recent months. CPI rose 0.1 percent for the month. That was the slowest rise since February, as CPI inflation ran at 0.2 percent in March, 0.3 percent in April, 0.4 percent in May and 0.3 […]

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FACT OF THE WEEK: Good News on Industrial Production

By at 15 August, 2014, 12:07 pm

We got some good economic news on the morning of Friday, August 15, as industrial production for July increased by 0.4 percent. Industrial production is an index measuring the physical output of all manufacturing, mining, and electric and gas utility establishments in the U.S. Manufacturing output, which makes up the biggest portion of industrial production, […]

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FACT OF THE WEEK: Productivity and Investment

By at 8 August, 2014, 1:04 pm

The health of the U.S. economy comes down to the vitality of private-sector risk taking, that is, entrepreneurship and investment. The Bureau of Labor Statistics released second quarter productivity data on August 8. Nonfarm business sector labor productivity grew by 2.5 percent. That’s a healthy clip, until it is put in perspective with a decline […]

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