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Economic Indicators
- Major Economic Indicators Latest NumbersConsumer Price Index (CPI): +0.1% in Mar 2010 News Release Historical Data Unemployment Rate: 9.9% in Apr 2010 News Release Historical Data Payroll Employment: +290,000(p) in Apr 2010 News Release Historical Data Average Hourly Earnings: +$0.01(p) in Apr 2010 News Release Historical Data Producer Price Index (PPI): +0.7%(p) in Mar 2010 News Release Historica […]
- Major Economic Indicators Latest Numbers
Consumer News
- The 10 Most Common Travel Booking MistakesEven the savviest of travelers can always use a refresher course in travel booking, especially in light of travel's new realities, fees aplenty, confusing regulations, and endless fine print. Read on to see the 10 most common travel booking mistakes, and how to avoid them. Read more... […]
- The 10 Most Common Travel Booking Mistakes
Economic Analysis
- U.S. International Trade in Goods and Services, March 2010The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $147.9 billion and imports of $188.3 billion resulted in a goods and services deficit of $40.4 billion, up from $39.4 billion in February, revised. March exports were $4.6 billion more than February exports of $143. […]
- U.S. International Trade in Goods and Services, March 2010
Budget Office
- More on Discretionary Spending in the Final Health Care LegislationTwo days ago CBO provided some additional information about the potential effects of H.R. 3590, the Patient Protection and Affordable Care Act (PPACA, Public Law 111-148), on discretionary spending (that is, spending that is funded through the annual appropriation process). In response to questions from Congressional staff members, CBO released a further exp […]
- More on Discretionary Spending in the Final Health Care Legislation
Economic Outlook
- S. 657, Sunshine in the Courtroom Act of 2009Cost estimate for the bill as reported by the Senate Committee on the Judiciary on April 29, 2010 […]
- S. 1510, United States Secret Service Uniformed Division Modernization Act of 2009Cost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on April 14, 2010 […]
- H.R. 934, An act to convey certain submerged lands to the Commonwealth of the Northern Mariana Islands in order to give that territory the same benefits in its submerged lands as Guam, the Virgin Islands, and American Samoa have in their submergCost estimate for the bill as ordered reported by the House Committee on Energy and Natural Resources on May 6, 2010 […]
- H.R. 4865, Federal Employees and Uniformed Services Retirement Equity Act of 2010Cost estimate for the bill as ordered reported by the House Committee on Oversight and Government Reform on April 14, 2010 […]
- S. 554, Motorcoach Enhanced Safety Act of 2009Cost estimate for the bill as ordered reported by the Senate Committee on Comerce, Science, and Transportation on December 17, 2009 […]
- S. 657, Sunshine in the Courtroom Act of 2009
Economic Growth
WASHINGTON, D.C. – Entrepreneurial activity in one U.S. county or state often reflects similar activity in neighboring jurisdictions, according to an analysis of geographic and other patterns in new business formation across the United States. The study, New Business Clustering in U.S. Counties, 1990-2006, by Larry A. Plummer, sheds light on business activity related to levels of education, industry, economic growth patterns, and geography. The report uses 1990-2006 business startup and closure data from the Census Bureau’s Statistics of U.S. Businesses.
“State and local policymakers are continually looking for ways to generate new businesses, industries, jobs, and economic activity,” said Acting Chief Counsel for Advocacy Susan M. Walthall. “The big question is always how and where new businesses are most likely to grow. This research provides some important clues to the relationships between business startups and various underlying factors in industries and across counties and states in the United States.”
The study offers a number of insights about new business clusters, among them:
· As expected, populous counties—Los Angeles, Cook (Chicago), and New York—have the highest levels of entrepreneurial activity.
· The nation’s interior and northwestern counties—especially in states like Colorado, Utah, and Washington—tend to have the highest firm birth rates and levels of entrepreneurial activity.
· Retail trade has the highest rate of new firm births, followed by local market industries.
· High technology is the only industry sector specifically favored in counties with access to an educated workforce and a local research and development structure.
· New startup rates in high technology are tied to startup rates in business services, an indication that business service firms may form in response to high tech entrepreneurial activity.
· Higher unemployment is correlated with higher firm birth rates except in the business services industries—an indication that business service firms depend on the success of other firms.
The Office of Advocacy, the “small business watchdog” of the federal government, examines the role and status of small business in the economy and independently represents the views of small businesses to federal agencies, Congress, and the President. It is the source for small business statistics presented in user-friendly formats, and it funds research into small business issues.
For more information and a complete copy of the report, visit the Office of Advocacy website at www.sba.gov/advo.