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Fact of the Week

“Small Business Tax Index” Matters on State Job Creation

By at 22 April, 2014, 9:39 pm

by Raymond J. Keating- The rate of job creation has been simply abysmal in the U.S. since the start of the last recession and during this subsequent recovery. Consider that from November 2007, just before the recession started, to March 2014, employment in the U.S. was still down by some 850,000 jobs (or by -0.6 […]

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FACT OF THE WEEK: Time for Something New – and Old – on Taxes in California

By at 17 April, 2014, 9:08 am

California, once again, ranks dead last on SBE Council’s Small Business Tax Index 2014. Among the state’s tax woes are high corporate income and capital gains taxes, and the most burdensome gas tax. But worst of all, with a top rate of 13.3 percent, California inflicts the highest state income, capital gains and dividend taxes […]

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Some Hopeful Signs Behind the March Jobs Headline

By at 4 April, 2014, 11:03 am

FACT OF THE WEEK The headline to the March jobs story would seem to say, “More of the same.” That is, the establishment survey estimated an increase of 192,000 in payrolls. We should be adding at least 250,000 jobs a month – or more in a robust recovery. However, the household survey offers some hope. In […]

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FACT OF THE WEEK: Consumer Sentiment Sliding

By at 31 March, 2014, 1:07 pm

The Thomson Reuters University of Michigan Consumer Sentiment Index for March was released on March 28, and the index came in at 80.0. At 80.0, this consumer sentiment measure was not just down from February, but down from the recent high of 85.1 hit in July 2013. That July mark was the highest since July […]

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FACT OF THE WEEK: Are We on Fantasy Inflation Island?

By at 18 March, 2014, 12:23 pm

The U.S. Bureau of Labor Statistics released the CPI inflation data for February on March 18, and the headline pointed to inflation remaining quite tame. That does not mean that challenges and uncertainties do not exist. For February, CPI inflation registered a meager 0.1 percent, and for the past year, inflation registered only 1.1 percent. […]

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FACT OF THE WEEK: Views on Quality Job Prospects Still Hampered

By at 13 March, 2014, 3:14 pm

There’s no nice way to put it. The jobs story during this weak economic recovery has been just dismal. To sum up, the labor force participation rate and the employment-population ratio both continue to linger around three-to-three-and-a-half-decade lows, and after more than six years, we’re still down by some 1.3 million jobs compared to the […]

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FACT OF THE WEEK: Less Government Will Improve Job Growth

By at 7 March, 2014, 12:20 pm

It’s been a tough six-plus years for the U.S. economy. And as we look at the February jobs data released by the Bureau of Labor Statistics on March 7, I find myself asking, once again: When will we see robust, sustained job growth? The numbers for February rank as more of the under-performing, uneven nonsense […]

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FACT OF THE WEEK: GDP Revised Down, Sustainability Remains Big Question

By at 28 February, 2014, 11:35 am

The U.S. Bureau of Economic Analysis came out with its second estimate for GDP growth in the fourth quarter of 2013. What happened? Real GDP growth was revised down substantially – from 3.2 percent to 2.4 percent. So, as it turned out, the 4.1 percent growth rate in the third quarter was the lone quarter […]

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FACT OF THE WEEK: Consumers Want More Competition in Health Coverage

By at 20 February, 2014, 12:17 pm

To say the least, there’s a great deal of confusion swirling around health care and ObamaCare these days. But even though President Barack Obama has used the full and questionable powers of his office to put the best possible spin on – and make changes to – ObamaCare, he cannot change the economic realities of […]

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FACT OF THE WEEK: January Retail Sales

By at 14 February, 2014, 9:17 am

After the U.S. economy shifted out of recession and into recovery in mid-2009, each New Year has brought an assortment of declarations that “this year” will be the one in which the U.S. economy shifts onto a path of much stronger economic growth. The reality, of course, has been quite different. The U.S. has labored […]

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