Nolan Accounting Center


4262 South 108th Street, Greenfield, WI 53228


Phone: 414-425-5690

Fax:     414-425-2373


November 2019

November 2019 Short Bits

Short Bits


The Producer Price Index for final demand increased 1.7% for the year ended July 2019. While liquefied petroleum gas and egg prices declined 58.2% and 53.5%, respectively, producers’ cost of fresh and dry vegetables rose 43.3% year over year. Producer prices can indicate potential future inflation if producers pass their cost increases to consumers.


Americans are paying increasing tuition, room and board costs for a college education and, if they’re lucky, the degree will pay them back. The Bureau of Labor Statistics (BLS) projected annual salaries by educational degrees through 2026 and found that workers in management, computer and math, legal, and architecture and engineering fields will earn more than twice the median of $37,690 for all occupations. Most of these professions needed a bachelor’s degree or higher.


Speaking of college attainment, the oldest Millennials have outdone the youngest Boomers when it comes to attending college, according to the Bureau of Labor Statistics. Almost three out of every four Millennials born between 1980 and 1984 attended some college, while 44% of the Boomers born from 1960 to 1964 did the same.


The National Federation of Independent Business’ July Small Business Optimism Index increased 1.4 points from the previous survey to 104.7. The organization’s Uncertainty Index fell 10 points, after surging in June to its highest level since March of 2017. Capital outlays were reported by 57% of owners, according to the survey, with about four in 10 of those purchasing new equipment, 25% acquiring vehicles and 16% improving or expanding facilities.


Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.