Five Things to Focus on in February’s Trade Report

This Wednesday, the Commerce Department will publish the February data on the United States’ international trade in goods and services. This latest release comes just three weeks after the January report, which was delayed due to the government shutdown. Here are five...

Consumer Spending Barely Recovers From December’s Plunge, Signaling an Economic Slowdown in 2019

Consumer spending barely increased in January while personal income made a modest recovery in February, indicating a continued slowdown of the economy in 2019. Consumer spending, which accounts for two-thirds of the country’s economic activity, rose by just 0.1...

Five Things to Watch in the February Retail Sales Report

The U.S. Census Bureau releases its advance monthly retail sales report for February on Monday, following a delay caused by the partial shutdown government in January. Economists surveyed by Bloomberg are expecting a 0.3 percent increase in sales, which indicates that...

Falling Imports from China Cause Trade Gap to Narrow

The United States’ trade deficit narrowed in January because of a steep drop in imports from China, but this improvement may only be temporary. The latest data from the Commerce Department showed that the deficit shrunk 15 percent from a decade-high in December to...

Newly legalized hemp a viable alternative for struggling American farmers

After years of struggling to make a profit, Brent Cornett, a 7th generation tobacco farmer in Kentucky, decided to abandon the crop three years ago. He went from planting 120 acres of tobacco in 2016 to zero acres this year, completely replacing it with newly...

Generation Z shoppers may be who brick-and-mortar stores have been waiting for, data shows

Blogger Kayla Fathers reaches 11,000 Instagram followers with posts on fashion and shopping tips. She has grown up with digital devices at her fingertips, but Fathers and her friends prefer heading to stores rather than shopping online. “I like to try on things before...

January retail sales see gain but not enough; December revised sharply down

Retail sales stabilized in January but didn’t rebound from the surprisingly low December numbers, signalling the economy is off to a sluggish start in the first quarter.   Overall sales rose a seasonally adjusted 0.2% in January, pushed up by purchases made...

Retail Sales Rebound Only Slightly After Huge Drop, But Still Support Fed’s Decision to Pause Interest Rate Hike

U.S. retail sales rebounded only slightly in January from a disastrous December, signaling that 2019 began with a sharp slowdown of economic growth. Still, the small increase from December supports the Federal Reserve’s decision to halt the incremental interest rate...

U.S. Goods Deficit Hits All-Time High Amidst Trade War

The United States’ deficit in goods hit an all-time of $891.3 billion in 2018 because of President Donald Trump’s trade war-inducing tariffs and a growing economy that increased consumer spending on imports. Data from the Commerce Department showed that between 2017...

Consumer Spending Sees Biggest Decline Since 2009

Consumer spending saw its biggest decline in nine years in December and personal income dipped for the first time in three years in January, signaling an economic slowdown going into 2019.

A Tapering Economy

A Tapering Economy

The rise in Consumer Prices met expectations for February, a sign that the economy is not overheating, and interest rate hikes are unlikely in the near future. After three months of no change, the 0.2 percent rise in prices was considered moderate, and in keeping with...

Home price gains hit lowest rate since 2015

Home price gains hit lowest rate since 2015

Home price growth slowed for the 10th straight month in January, a sign the U.S. housing market is the gap between demand and supply is narrowing ahead of the all-important spring selling season. The S&P/CoreLogic Case-Shiller National Home Price Index, a measure...

The Millennial Housing Dilemma

The Millennial Housing Dilemma

When Greg Laffey moved to New York City in 2005 he thought he would never return to his childhood home in the quiet suburbs of Pittsburgh. Then he turned 30 and saw that the opportunities for buying a home did not exist for him in New York, but they did in Pittsburgh....

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.