Print Page   |   Your Cart   |   Sign In
Business
Group HomeGroup Home Blog Home Group Blogs

New LegalShield Law Index Brings Leading Indicators Of Actionable, Hard Data To Reveal Economic Trends

Posted By Kenyatta Turner, LegalShield Independent Associate, Tuesday, June 20, 2017

Monthly Index Covers Over 70% of the GDP to Predict Economic Health

 

ADA, Okla.June 8, 2017 /PRNewswire/ -- For the first time, the LegalShield Law Index—launched today—provides a forward-looking snapshot of the economic and financial status of U.S. households and small businesses. The Index is made up of five indices, including the LegalShield Consumer Financial Stress Index, LegalShield Housing Activity Index, LegalShield Bankruptcy Index, LegalShield Foreclosure Index, and the LegalShield Real Estate Index. Each index relies on LegalShield's unique and proprietary database of actual member demand for and usage of legal services to predict the health of the U.S. economy.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8115751-legalshield-law-indices-predictive-economic-trends

 "The LegalShield Law Index is generated from actual consumer and business demand for various legal services provided by our closed panel of dedicated law firms covering all 50 states," said James Rosseau, LegalShield's Chief Commercial Officer. "Each index is a leading economic indicator and is released in a more timely manner than traditional economic indices. Our index predicts economic activity that represent more than 70 percent of the Gross Domestic Product of the United States. The LegalShield Law Index provides actionable intelligence about the direction of the U.S. economy in the mid- to near-term," continued Rosseau.

The key predictive takeaways from the first public release of data, through May 2017, are as follows:

  • Consumer confidence may continue to ease in the months ahead, but will likely remain strong by historical standards.
  • Housing starts, which have risen at a stubbornly slow pace since 2012 and remain well below pre-recession levels, should continue to improve slowly in the months ahead.
  • Bankruptcy filings should remain subdued in the near term. However, elevated levels of household debt are worth keeping an eye on, as they could lead to upward pressure on bankruptcy filings in the future.
  • Foreclosures should remain subdued in the short term, but may begin to rise in the second half of the year.
  • Existing home sales should continue to improve slowly in the months ahead.

The LegalShield Law Index is made up of five indices that are generated from LegalShield's proprietary data, which tracks the demand for different types of legal services for the various areas of law over the past 15-plus years. Each time a LegalShield partner law firm receives a request from a LegalShield member, the request is logged as an "intake" within one of roughly 70 unique areas of law (e.g., real estate, criminal, bankruptcy), depending on the nature of the legal need.

"We are excited to share our forward-looking data about the U.S. economy, based on the actual legal needs of our members and the work of our provider law firms—data that covers more than one-and-a-half decades of activity. When our members contact their LegalShield provider law firm, we record the area of law," explained Rosseau. "In aggregate, our index foreshadows economic activity based on actual legal events in the lives of individuals, families and small businesses."

The flagship LegalShield Consumer Financial Stress Index tends to lead the Conference Board's Consumer Confidence Index by one to three months. LegalShield's May data suggest that the recent run-up in consumer confidence may have overshot economic realities, and that consumer confidence levels may consequently pull back in the months ahead.

"While there are reasons to be optimistic about the U.S. economy, since December there has been a divergence of 'soft data' based on consumer and business confidence surveys, and 'hard data' based on actual market events, such as demand for legal services," Jeff Bell, LegalShield CEO, said. "Historically, when the LegalShield Consumer Financial Stress Index drifts away from the Consumer Confidence Index, it is typically consumer confidence that falls back into line with our index, not the other way around. We saw this in 2006 and 2007, when our index provided an early warning signal of the drop-off in confidence at the outset of the Great Recession."

LegalShield will be releasing the Index monthly, on the sixth business day of each month. Today the company is releasing May data, along with an assessment of what the data suggest about the health and direction of the U.S. economy. For access to the economic assessment, please visit https://www.multivu.com/players/English/8115751-legalshield-law-indices-predictive-economic-trends/.

The five separate measures that comprise the LegalShield Law Index together provide a leading indicator of the economic and financial status of American households and small businesses. The indices closely track a handful of key economic indicators, such as the Consumer Confidence Index (developed by the Conference Board), Housing Starts (reported by the U.S. Census Bureau), and Foreclosure Starts (reported by the Mortgage Bankers Association). Each LegalShield index has undergone a battery of statistical tests overseen by a PhD economist to validate its relationship to an existing economic indicator that sheds light on the health and direction of the U.S. economy.

LegalShield's suite of law indices provides actionable intelligence about the direction of the U.S. economy in the near term. Each index is based on data collected through LegalShield's provider law firms across all 50 states, thereby offering insights that are not accessible to the general public.

The Index is based on data collected on a near real-time basis, and will be refreshed and released monthly along with forecast statements on each index. The Index is based on intakes among more than 1.6 million memberships (including individuals and small businesses), providing a window into the legal needs of families and businesses across the country at any given point in time.

About LegalShield 
LegalShield is one of the North America's leading providers of legal safeguards for individuals, families and small businesses. The company also offers one of the industry's most affordable and comprehensive identity theft plans, IDShield. LegalShield plans provide protection to more than 4.2 million individuals, and IDShield provides identity monitoring and restoration services to more than one million individuals across North America. In addition, LegalShield and IDShield serve more than 141,000 businesses.

For as little as $20 per month, LegalShield members get access to attorneys with an average of 19 years of experience in areas such as family matters, estate planning, financial and business issues, consumer protection, tax, real estate, benefits disputes and auto/driving issues. Unlike other legal plans or do-it-yourself websites, LegalShield has dedicated law firms in 50 states and four provinces in Canada that members can call for help without having to worry about high hourly rates.

For more information, visit http://www.LegalShield.com/hub/KenyattaTurner or contact Kenyatta Turner, LegalShield Independent Associate, 602-367-1069

Tags:  business  business decision-making  business development  Business growth  business plan  business resources  business services  business worries  economic development  economy  finance  ID Theft  Identity Fraud  Legal  legal services  real estate  setting goals  small business  small business marketing  small business strategy  women owned small business  women-owned business 

Share |
PermalinkComments (0)
 

PET PLANET Offers Tips to Keep Your Pets Safe During the Holidays

Posted By Kristen Cherry, Pet Planet, Monday, November 14, 2016

Keeping Our Pets Safe This Holiday Season

When planning your Holiday celebrations, here are two ideas to consider to keep your pets safe and healthy:

1.      Tinsel, ribbons, lights and shiny holiday items can cause severe stomach problems if swallowed by your pet.  Leave the lowest branches of your tree free of tempting things that may look like fun for your cat to play with or your dog to eat.

2.      Although brilliant for creating holiday spirit, Poinsettias, Holly, Mistletoe and Chocolate are hazards to our furry companions and can make them extremely sick. In your home, please keep those in safe, out-of-reach areas.

Holiday hustle-and-bustle can really stress your pets.  Be careful with decorations and food to help your pets live healthier, happier and longer lives!

Happy Holidays from PET PLANET . . . Your Pet’s Natural Grocer!

Tags:  arizona small business  career change  change  christmas  entrepreneur  family business  family-operated business  finding your passion  franchise  small business  Small Business Owners  starting a business  women owned small business  women-owned business 

Share |
PermalinkComments (0)
 

PET PLANET ~ Offers Thoughts on Your Pet's Allergies

Posted By Kristen Cherry, Pet Planet, Thursday, August 11, 2016

 

PET PLANET ~  Your Pet’s Natural Grocer



Pet Allergies ~

Just like humans, pets can suffer from allergies to irritants in their environment:  pollen, mold, grass, cleaning products or a specific types of food or food ingredients.


Environmental Factors ~

About 90% of allergy symptoms in pets are caused by environmental factors ~ indoors and outdoors.

If your pet is allergic to something at home, they’ll exhibit symptoms throughout the year. If allergic to something outdoors, symptoms will be seasonal. It is important to remember that unlike us, our pets can’t remove themselves from environmental irritants, especially indoors.


The most common signs of an allergic reaction are frequent itching, chewing and biting.  When environmental allergens are inhaled, results may be sneezing, coughing and watery eyes.

Unfortunately, allergy testing through your veterinarian can be costly. An alternative solution is to follow a process of elimination to determine whether the allergy is environmental or food related.


Creating a healthy living environment for your pet ~

Our pet’s noses are very sensitive to allergens lurking in your home so it’s important to create a healthy living environment. Suggestions to lessen your pet’s exposure to environmental toxins include making sure no one smokes inside, using non-toxic, unscented natural cleaners and chemicals and investing in an air purifier to keep the dust down. Outdoors, eliminate your pet’s exposure to pesticides, fertilizers and natural allergens such as pollen and grass.


Environmental allergies?

• Supplement with Omega-3 and Omega-6 fatty acids,they offer relief from inflammation.

• Because dogs and cats sweat through their noses and the bottom of their feet, they can pick up a lot of debris like pollen, dust and cleaning agents. Regular bathing is a great way to rinse away allergens and relieve itchy skin. A nice cool bath using an oatmeal or tea-tree, oil-based shampoo/soap is very soothing.

• Use a natural antihistamine rather than prescription antihistamines/steroids because long term exposure can compromise your pet’s immune system.

• Keep pets away from the offending allergen, even if they’ve had an allergy shot.

• Reduce the possibility of mold forming by using a dehumidifier.


Food allergies?

Only about 10% of allergies in dogs and cats are caused by food. If your pet has a true food allergy, he’ll exhibit symptoms such as itchy skin on the face, feet, ears, forelegs and could  have chronic or recurring ear infections.


WARNING:  Commercial, low-quality pet foods found in grocery stores lack essential fatty acids and usually contain chemical preservatives, artificial coloring, low-quality proteins and common food allergens such as corn, wheat and soybeans.


Tags:  career change  entrepreneurship  family-operated business  family-owned businesses  Franchising  small business  small business owner  starting a business  Tucson  women owned businesses  women owned small business  women-owned business 

Share |
PermalinkComments (0)
 

PET PLANET Offers Summer Safety Tip for Walking Your Dog

Posted By Kristen Cherry, Pet Planet, Wednesday, July 20, 2016

With confidence and trusted solutions, Pet Planet store Ambassadors advise Customers on a wide variety of issues affecting their animal companions.  An issue many Customers express is how to best keep their pets comfortable during the "dog days of summer!"

See the attached poster illustrating a hands-on safety tip to consider when taking your pet for a walk this summer. 

 Attached Files:
Hot Ground.pdf (1.74 MB)

Tags:  education funding  entrepreneur  entrepreneurship  franchise  Franchising  making a big change  women owned small business 

Share |
PermalinkComments (0)
 

PET PLANET Opens Newest Store in Queen Creek

Posted By Kristen Cherry, Pet Planet, Tuesday, July 5, 2016

Pet Planet ~ Your Pet's Natural Grocer ~ is pleased to announce the opening of our newest store in Queen Creek.  We're located next door to Sprouts Market in The District Shopping Center at Ellsworth Loop Road and Rittenhouse Road.

Pet Planet is a community based retailer with an uncompromising commitment to helping our pets live healthier, happier and longer lives.  Stop in today to see what makes us different . . . 

 Attached Files:
We Are OPEN.pdf (24.77 KB)

Tags:  business development  entrepreneurship  finding your passion  Franchising  small business  women owned small business 

Share |
PermalinkComments (0)
 

Women Entrepreneurs Growing But Still Struggle Accessing Capital

Posted By Mark Wahlstrom, Sequence Media Group, Wednesday, May 20, 2015

 

The number of women owned small businesses is steadily increasing yet many are still having problems accessing capital. According to a report by the Senate Committee on Small Business & Entrepreneurship, women owners account for 30 percent of all small companies but only account for 4.4 percent of total dollar value of loans from all sources.


Online Video Services

We specialize in timely, broadcast quality HD video, designed specifically for web syndication and distribution.

Tags:  arizona  lending capital  women owned small business 

Share |
PermalinkComments (0)
 

Affordable Dental Plans for ASBA Members

Delta Dental of Arizona

2 employees? No problem! We’ve got a dental plan to meet your needs & budget. Click to learn more!

LEARN MORE

Join ASBA

ASBA

ASBA is the most powerful resource for your business in Arizona. We ensure the tools we offer are valuable and support the growth, education and connections necessary for today’s top business minds.

LEARN MORE

Enterprise Bank & Trust

ASBA

Enterprise was founded on the idea of serving the lifetime financial needs of privately held businesses.Today, we continue to empower privately held businesses and also help families to secure their financial futures.

LEARN MORE

RSVP

Coffee Connect with ASBA

REGISTER

Date: Held monthly
Time: Click for times based on location

RSVP

ASBA Speed Networking

REGISTER

Date: Held monthly
Time: Click for times based on location

Have Questions on Health Insurance?

Health Insurance

Do you have questions on plans for Individual, sole proprietor, or group? We can get the answers needed to make sure you find the right plan for you and your employees.

LEARN MORE

Partner Program

CopperPoint

ASBA’s Partner Program delivers your brand throughout Arizona. Share insights, connect with small business and highlight your company’s involvement with the association. Contact Jodi Towns to get started.

LEARN MORE

Upcoming Event

Health+Plus

ASBA is bringing you Health+Plus, an all-inclusive healthcare experience for business owners! We’re getting you in front of healthcare providers, insurance carriers, health and wellness experts, HR, software solutions, telemedicine, and more.

REGISTER

Association Management Software Powered by YourMembership  ::  Legal