
It will be some time before the American small business sector is reconstituted anywhere near January 2020 levels.

Economic News from RSM
It will be some time before the American small business sector is reconstituted anywhere near January 2020 levels.
The Institute of Supply Management’s April report on the service sector, like its manufacturing cousin, implies that the domestic economy has not yet troughed. The ISM said on Tuesday that the forward-looking new orders and business activity components…
The October ISM Manufacturing Index continued to contract in October, though it improved to 48.3 from September's reading of 47.9, implying a modestly slower pace of contraction in domestic manufacturing sentiment.
The Institute for Supply Management’s manufacturing index — a key gauge of U.S. factory activity — dropped to 50.1 in February, from 50.9 a month earlier, and below the consensus of 50.5.
Joe Brusuelas, “chief economist to the middle market,” is the preeminent voice championing issues and policies facing midsize companies in the United States and around the world. An award-winning economist, Brusuelas has more than 20 years’ experience analyzing U.S. monetary policy, labor markets, fiscal policy, international finance, economic indicators and the condition of the U.S. consumer.
A member of the Wall Street Journal’s forecasting panel and the UCLA Anderson School of Management's Board of Directors, Brusuelas regularly briefs members of Congress and other senior officials regarding the impacts of federal policy on the middle market and the factors by which middle market executives make business decisions. He also frequently offers his insights on the U.S., Canadian and global economies in the financial media. In 2020, he was named one of the 100 most influential economists by Richtopia.
Before joining RSM in 2014, Brusuelas spent four years as a senior economist at Bloomberg L.P. and the Bloomberg Briefs newsletter group, where he co-founded the award-winning Bloomberg Economic Brief. Earlier in his career, he was a director at Moody's Analytics covering the U.S. and global economies for the Dismal Scientist website. He also served as chief economist at Merk Investments L.L.C. and chief U.S. economist at IDEAglobal.