The Airline Industry Grapples with Boeing’s Fallout, While Its Hub Cities Thrive
Manhattan resident Alyssa Winderlich, 27, an event marketing professional, flies frequently for work. She has been a loyal patron of Southwest Airlines - but due to increasing prices and fewer flight options, she’s had to start booking almost all of her upcoming...
Job gains, lower unemployment rate expected for March
Job gains will likely continue into the month of March, following three months of unexpectedly strong gains despite high interest rates from the Federal Reserve. The US Bureau of Labor Statistics releases its monthly Employment Situation Summary on Friday. Economists...
After India’s Tariffs Eased, Washington State Apple Exports Improved
When India implemented a 20% tariff on top of an existing 50% tariff on U.S. apples in June 2019, Brian Norwood saw a major drop in the exportation of Washington state apples to India. Before the additional tariffs were enacted, Brian Norwood, export sales manager for...
Grumbling, but Gambling. Americans Say They’re Unhappy with the Economy. They’re Gambling Like it’s Just Fine.
In poll after poll, Americans say they feel bad about the economy. Yet they are gambling like they have excess money to spend. Consumer sentiment reached a record low in July 2022, and while it has improved somewhat since then, it is still nowhere near its...
U.S. Trade Deficit Widens More Than Expected
The U.S. trade deficit for the month of January surprised economists by increasing more than expected in a sign that the economy continues to be strong. The trade deficit in goods and services rose by $3.3 billion or 5.1%, to $67.4 billion in January, according to...
Newest Inflation Data Gives the Fed More Reason to Wait to Cut Interest Rates
Jerome Powell Photographer: Al Drago/Bloomberg Inflation picked up slightly in January, which could make it more likely that Jerome Powell and the Federal Reserve will wait until at least the summer to cut interest rates. The Personal Consumption Expenditures Price...
Home Prices Continue to Grow at Steady Rate in December
Home prices grew at a solid rate in December despite persistent high interest rates. The S&P CoreLogic Case-Shiller index, which measures home prices, reported a 5.5% year-over-year increase for the month of December. That’s up from a 5.0% increase in November....
Durable Goods Down in January, Economists say Boeing is to Blame
Durable goods orders fell sharply in January as transportation equipment orders declined. Orders dropped 6.1% to $276.7 billion in new orders from December, following a marginal decrease of 0.3% the previous month, according to the Census Bureau. Transportation...
January Retail Sales Fall 0.8% from December
Retail sales tumbled more than expected in January as a result of colder than expected winter weather and the sharp decline in gasoline prices. Advanced Monthly sales for retail and food services declined 0.8%, the U.S. Department of Commerce reported Thursday, much...
U.S. Trade Deficit Proves Consumers Did Not Stop Spending in 2023
The U.S. trade deficit increased in December proving that the U.S. economy, especially consumer spending, remains strong. The trade deficit for goods and services in December grew to $62.2 billion, increasing by $0.3 billion over the revised November figure of $61.9...
