Microbusinesses, Macro Impact

A microbusiness is just what its name implies. Very small. As in nine employees or less. But don’t let size fool you — microbusinesses are essential to the U.S. economy, making up roughly 75 percent of private businesses.

You can find microbusinesses in agriculture, law, and online marketplaces. They have a range of needs, some common to all businesses but some quite unique. For example, time and resources are in tight supply for microbusinesses.  

 

A Holiday Buyer’s Market

This holiday season it’s a buyer’s market and online retailers are pulling out the stops to woo customers, most notably with free shipping. Free shipping is a perennial holiday perk, yes, but this year some retailers have waived a minimum order to get free delivery.

 

Strengthening the Change of Address System

Americans are a mobile bunch. Last year, the U.S. Postal Service processed nearly 37 million change of address (COA) requests, with most of them (20.6 million) submitted as hardcopy requests.

With COA service, residential and business customers can have their mail forwarded to a new address when they move. It’s a convenient and reliable service, but it has also generated some long-standing concerns about protecting privacy and personal information. Congress recurrently asks us to review the COA service, as it did earlier this year.

 

Pages

Recent Poll

Do you think USPS should invest in Treasury Inflation-Protected Securities?

Recent Comments

Monthly Archive