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Sageworks Blog


Top 10 challenges facing community bankers

Today’s regulatory environment continues to be the most pressing issue to community bankers, according to a recent poll conducted by the CB Journal. Other challenges include the interest rate environment, loan growth and more. [More]


NY Fed’s research papers on large and complex banks

The Federal Reserve Bank of New York has recently released a series of research papers dissecting the criticisms many have of large and complex financial institutions, according to a blog post by the Fed’s Donald Morgan this past Tuesday. This series of eleven papers, which will be summarized by the Fed in the coming weeks, are available through the New York Fed’s Economic Policy Review. [More]


The Private Company Outlook: Sageworks, ADP discuss recent trends

Privately held companies continue to have strong fundamental performance in general, but hiring by them remains weak, especially considering how much economic activity has occurred since the recession, Sageworks Chairman Brian Hamilton said Tuesday. “There’s no question the economy is perking along, but [the weak hiring] is one thing we can’t get through,” Hamilton said at The Private Company Outlook meeting in New York. [More]


Private residential construction company revenues up

Real residential fixed investment, up 15.3 percent in the fourth quarter, was a bright spot in this week’s initial report on fourth-quarter GDP, which surprised economy watchers by contracting 0.1 percent from the third quarter. And the growth in Americans’ spending on housing was consistent with “mild but meaningful” revenue increases among privately held residential construction companies. [More]


Economic data consistent with private-company trends

Thursday’s surprise downward revision to second-quarter GDP and the worst durable goods report since the recession were consistent with some of the trends Sageworks, a financial information company, has been seeing recently. Average annual sales growth for private companies has slowed to around 5.5 percent currently from nearly 11 percent in January and more than 8 percent a year earlier, according to the Sageworks Private Company Indicator. [More]


Update on the health of private U.S. companies

When the Census Bureau releases the August report on durable goods manufacturing Thursday, it’s a fair bet that privately held companies will have played a key role in the numbers. After all, private U.S. firms account for 54.5 percent of aggregate non-residential fixed investment. But how are privately held companies faring in general in the current environment? [More]


The 'Dog Days' for jobs

Friday’s jobs report for July was neither decidedly sunny nor gloomy, even though stocks on Wall Street rallied to three-month highs. U.S. employers added a net 163,000 jobs in July, topping forecasts, but the unemployment rate and the number of total unemployed were essentially flat to June levels, indicating hiring is still experiencing its own version of the “Dog Days” of summer. “Even though the number of jobs added was more than expected, the unemployment rate at 8.3 percent is still too high,” said Sageworks CEO Brian Hamilton. [More]


(Temporary) Help wanted, apparently - SageworksStats on

June unemployment in the U.S. was flat, and nearly a third of jobs added were in the temporary-help services industry, a field that has shown strong growth over the last 12 months, according to data from Sageworks Inc. “During the last 12 months, privately held employment service firms have seen their revenues grow by almost 20 percent annually, which far outpaces the average annual growth of around 10 percent for private companies across all industries,” said Sageworks analyst Libby Bierman. “That sales growth validates what the employment numbers released this morning showed—the economy has recently been adding a lot of temporary jobs, which are positions that employment service firms routinely fill.” [More]


The health care ruling's upside for private companies

Thursday's U.S. Supreme Court ruling is reviving impassioned discussions about whether President Obama's health care law will be positive or negative for businesses, especially smaller ones. And while those debates will continue for months or maybe years, one immediate, positive impact on owners of privately held businesses is that they know more about what to expect in the short term, said Brian Hamilton, co-founder and CEO of Sageworks Inc. [More]


Why aren’t companies hiring? Sageworks Stats @

The U.S. economy’s paltry addition of 69,000 jobs in May has intensified the political finger-pointing, but the truth is that no one really knows for sure why the economy is growing yet too few jobs are being created, said Sageworks CEO Brian Hamilton. “The jobs report is disappointing because, at this stage of the recovery, the economy should be generating more jobs,” said Hamilton, who is also co-founder of the financial information company. The sluggish job growth is a paradox, he said, “because privately held companies, which actually produce the vast majority of new jobs, are performing quite well.” [More]