As American Farmers Age Out, the Next Generation Struggles to Enter the Field

The average age of American farmers is rising with not enough young farmers to replace them once they retire, indicating trouble for the future of American farming. Farms could further consolidate, threatening the existence of small family farms and making it even harder for young farmers to enter the field.

Mind the Gap: Hispanics Have had More Success than Blacks in Reducing Wage Inequality

While the United States’ economic progress since the 2008 financial crisis has been celebrated, not everyone has thrived. Though the earnings gap between whites and Hispanics has narrowed, it has expanded for blacks. Persistent poverty, poor education conducted in...

Millennial women are having children later in life, and it’s helping them beat men’s post-recession employment rate

Hayley Nivelle always dreamed of moving to the east coast from her hometown of Kansas City to become a lawyer. After she attended law school at University of Pennsylvania, the dream came true. Nivelle joined one of New York City’s top firms, where she finally began...

U.S. Economy Sees Strong Job Gains and Historically Low Unemployment Rate in April

The jobs market soared in April and the unemployment rate fell to its lowest level in 50 years, indicating robust U.S. economic growth and giving President Trump ammunition for the 2020 presidential campaign. Employers shrugged off months of concerns of a slowing...

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...
More Fathers are Staying Home

More Fathers are Staying Home

There is no snooze button at the Somerfeld household on the Upper East Side of Manhattan. While Lance Somerfeld puts a pink tank top and matching skirt on his daughter Jade, 4, his wife, Jessica, is buttoning her suit. She snatches her briefcase, and races out the...

Latino Dominance in Homeownership

Latino Dominance in Homeownership

Ruben Hernandez feels like he is in the sweet spot of the real estate market. Hernandez owns Coldwell Banker Blackstone Realty in Southern California. Blackstone started a program called Legacy that guides Latinos looking to help their children and grandchildren buy...

5 Things to Watch in the Housing Market

5 Things to Watch in the Housing Market

On Tuesday, S&P will release the February housing price numbers for the Case-Shiller Index. Although, the price gains have slowed recently, the index still maintains positive growth. The Case-Shiller measures repeat home sale prices nationwide using three...

Five Things to Watch for Monday’s Personal Income Report

On monday, the Bureau of Economics Analysis will produce its monthly report on Personal Income and Outlays for the months of February and March. Economist do not believe many of the numbers in this report should be too surprising. A lot of the same economic figures...

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.