Five Things to Watch in This Month’s Consumer Price Index

The Labor Department will release its consumer price index Wednesday, following a lackluster jobs report and the Federal Reserve’s decision to only raise interest rates three times this year. The median economist forecasts show CPI will be unchanged in March, which...

Puerto Ricans Encounter Lack of Affordable Housing in Orlando

House remains in Naguabo, Puerto Rico, after Hurricane Maria. Photo: Vanessa Colón Almenas When Miried González-Ramírez and her son left Puerto Rico for Florida in October, they left behind the dangers of the storm-ravaged island only to discover another problem:...

It’s Good to be a Homeowner Into 2018

The latest report on housing in big cities released for the start of 2018 showed a continued increase in United States home prices in January. Known as the 20-City Case-Shiller Indices, the report posted an increase from 6.3 percent in December 2017 to 6.4 percent in...

Home prices keep growing, despite higher interest rates and fewer property tax incentives

Home prices are continuing to boom nationwide. It’s a sign that the economy is doing well overall -- but it is also making the housing market less affordable for first-time home buyers. Nationally, home prices grew by 6.2 percent in January, according to new data...

Las Vegas has the second-fastest housing market in the U.S. Its school district wants teachers to move there before it’s too late.

When Gabriela Kula moved to Las Vegas last fall to teach eleventh-grade English, she wasn’t sure what to expect. It didn’t have the beaches of L.A., where she grew up, or the historic vibe of Boston, where she went to college. But it had one clear advantage: the cost...

Five Things to Watch in the International Trade Report

The U.S. Census Bureau will release its international trade report this Friday, in a year where tariffs have dominated the public conversation. After a near-decade high in January, the trade gap is expected to narrow slightly in February. While imports continue to...

How washing machine tariffs are helping South Carolina attract foreign investment

When Caterpillar closed its construction machinery plant in Newberry County in 2016, it had hardly vacated the premises before Samsung rushed in to build its first North American production facility. “The timing couldn’t have been more excellent,” said Misty West,...

Ridesharing Drivers Feel the Weight of Rising Gas Prices

Chris Leonardo started driving for ridesharing apps, such as Uber and Lyft, three years ago in San Fernando Valley, CA. Today, he pays almost twice as much to fill up his tank. But the ridesharing companies don’t reimburse him for gas, and the apps’ rates have...

Inflation Kept in Check in February

Investors breathed a sigh of relief after February's small increase in consumer prices were released, easing concerns over inflation and faster interest rate hikes by the Federal Reserve. The consumer price index rose by 0.2 percent, right in line with economist...

Tariffs unlikely to reduce increasing U.S. trade deficit

The U.S. trade deficit is the highest it has been in nearly 10 years, signaling strong consumer demand as imports continue to outpace exports. President Donald Trump brought the ever-widening trade deficit to the forefront of national discussion last week after...
Consumer spending continues at a subdued rate

Consumer spending continues at a subdued rate

Personal income continued to increase at a steady pace in February, but the gain also showed the limits of Republican tax cuts for the consumer. Personal income stayed constant from January to February with a 0.4% increase. The savings rate increased 0.2%–less than...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.