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NFIB Weekly News Leading the News

Gingrich Leading Small Businesses In Tax Reform Campaign. (07/25/2017)

The Hill (7/23, Solomon) reported that “U.S. small-business owners are launching a nationwide blitz with former House Speaker Newt Gingrich to pressure Congress to pivot to tax relief.” The Hill added that “the group is armed with a survey showing that small-business owners want tax relief more urgently than a repeal of ObamaCare, so that they can reinvest in their companies or pay down debt.” The article also stated that Gingrich has met with House Speaker Paul Ryan as well as “White House aides and two dozen chief of staffs for U.S. senators.” Meanwhile, Reuters (7/20) reported that Ryan, speaking at a factory in Massachusetts, said that “tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions.” Tax Analysts (7/21) quoted Ryan saying, “We’ve got to get these tax rates down. We’re going to create a new lower tax rate specifically for manufacturers, for small businesses, for companies like this, for businesses across America, so they can actually compete.”

Business Climate

US Leading Economic Index “Surged” In June. (07/25/2017)

MarketWatch (7/20) reported that “a broad measure of how well the U.S. economy is performing surged in June after a strong gain in May, suggesting growth could speed up in the months ahead.” The article added that “the leading economic index jumped 0.6% last month.”

Small Business Marketing

Analysis Finds More Emails Opened On Mobile Devices, And Most On iOS. (07/25/2017)

MediaPost’s Email Marketing Daily (7/21, Nelson) reported that the email-and-data provider Return Path found in an analysis of some 27 billion emails opened in the year ending in April that 55% “were opened on a mobile device – an increase from 29% identified in a similar study in 2012,” while “almost 80% of mobile email opens” in the latest period were “on iOS, quadruple the number of mobile opens on Android devices.”

Wages and Benefits

Labor Department: Weekly Jobless Claims Fall To Lowest Level In Nearly 5 Months. (07/25/2017)

Reuters (7/20, Mutikani) reported that “the number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting strong job gains that should continue to underpin economic growth.” The article stated that “initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said,” which was “the lowest level since February.” The article also added that the data beat expectations, as “economists polled by Reuters had forecast claims falling to 245,000.”

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