Slow Manufacturing Growth Delivers Optimism, but Not Jobs

Manufacturing continued to make only modest gains in February as producers struggle to compete globally and wait for the White House to produce fiscal policies that will stimulate significant growth. New orders for durable goods, products that last for more than three...
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Fed’s Rate Hike Stirs Consumers More Than Financial Markets, For Now

A steady rise in inflation pushed the Federal Reserve on Wednesday to lift interest rates, triggering financial markets to shrug but consumers to gear up for a more expensive life. The economic indicator largely responsible for the Fed’s decision to raise interest...
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Retail sales slowed in February; building materials, furnishings sales benefit from low rates

Retail sales in February showed their smallest growth in six months, signaling consumers’ concern about the economy’s prospects. Despite an unusually warm February, consumers didn’t go out shopping and retail sales rose only 0.1 percent over January to $474.0 billion....
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Residential Construction and Builder Confidence Strong for Spring

Residential construction climbed in February as builders continue to be encouraged by the Trump administration’s promises of deregulation. But the administration’s anti-immigration actions have negative implications for the industry's labor supply. “The lack of...
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Auto Sales Dip Slightly, Car Brands Have Mixed Sales for February

Automakers sold fewer vehicles in the U.S. for the month of February as consumers seem to be hitting the brakes on buying cars and are more in favor of purchasing trucks and SUVs. Even though the auto industry continues to move along as car sales came at a total of...
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Personal Income Rises in January, While Consumer Spending Dips

Personal Income rose in January boosting consumer confidence in a week when President Trump tried to reassure Americans he can improve the economy. Personal income rose 0.4% or $63 billion, slightly ahead of the consensus of 0.3%, per surveys from Bloomberg. Some...
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Manufacturing Remains Weak, as Durable Goods Continue to Stall

Slow growth for durable goods in January showed that American manufacturing remains weak in an otherwise strong economy, as producers wait to see how the Trump administration will deliver on its promise to revive American industries. Orders for aircraft surged in...
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Consumer Prices Make Largest Gains in Four Years, But Uncertainty Ahead

After years of slow growth, consumer prices in January rose at the quickest pace in four years, putting The Federal Reserve in the spotlight to raise interest rates soon. The consumer price index, which measures the fluctuations in costs for everything from wine to...
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Strong Housing Starts in January, Builder Confidence High

Signaling optimism for the economy, housing starts were unexpectedly strong in January. Building permits led the way, suggesting future growth. Permits rose across the majority of the country, falling only in the West, a vital sign that builder confidence is up....
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Suburban Small Businesses Fear The Minimum Wage Hike

By: Jade R. Gardener All Emily Siegel has left to remember the Larchmont of her childhood are memories and photos. Today remnants of stores such as Toy and Sports, Wendy Gee’s and almost a dozen more community staples are now ghosts. Since the financial crisis the...

The Economic Fallout of Sports Authority

American retail is in the midst of a paradigm shift. Amid a retail climate that is increasingly dominated by online sales, brick and mortar chains are being forced out of arenas that they once dominated. Ten years ago, Sports Authority, which operates 466 stores...

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.