Today, Raymond J. Keating, chief economist for the Small Business & Entrepreneurship Council (SBE Council), released the following statement in response to the May employment data reported by the U.S. Bureau of Labor Statistics: "The latest data from the Bureau of Labor Statistics continues to tell a mixed story on jobs and the U.S. economy. "The establishment survey pointed to an increase of only 69,000 in employment for the month of May, far below expectations and where job … [Read more...] about SBE Council Chief Economist on Latest Jobs Data
chief economist
Arizona’s Car Sales Second Strongest in U.S.
Phoenix is the second hottest U.S. Market for new car sales, following Atlanta, Georgia. The information was released today by Edmunds.com, the premier online resource for automotive information. An Edmunds.com analysis of automotive registration data reveals that new retail car registrations in the Atlanta metropolitan area were 24 percent higher in the first half of 2011, compared to the same period in 2010. The analysis also shows that Atlanta’s registration figures are consistent with … [Read more...] about Arizona’s Car Sales Second Strongest in U.S.
Buyers Signing Contracts but Closings are Few
Lots of info packed into last week's video from National Association of Realtors Chief Economist Lawrence Yun. He covers the continued uptick of pending home sales in June and the dissappointing closing results following a similar uptick in May. Yun also covers the impact the gridlock in Washington has had on the economy and real estate markets and the threat of rising interest rates caused by the debt-ceiling impasse. Even though it looks tonight like that impasse is resolved, interest rates … [Read more...] about Buyers Signing Contracts but Closings are Few
SBE Comments on Latest Employment Numbers
Raymond J. Keating, chief economist for the Small Business & Entrepreneurship Council (SBE Council), issued the following statement on the February jobs data: "Finally, we have a month in which all of the major jobs numbers moved in a positive direction. The payroll survey showed employment up by 192,000 in February. Particularly interesting, the private sector added 222,000, while the public sector cut 30,000. "Meanwhile, the household survey, which better captures start up and … [Read more...] about SBE Comments on Latest Employment Numbers