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.

Home price growth continues slowing trend

Home prices rose at their slowest rate in four years in 2018, a sign the gap between home prices and inflation is continuing to narrow. The S&P/CoreLogic Case-Shiller National Home Price Index, a measure of home prices in 20 major U.S. metros, saw a year-over-year...

Oil and Gas Industry Can’t Hire Workers Fast Enough

Back in 2014, the oil industry was booming and companies could have their pick of workers. Now it’s booming again, but workers are much harder to come by. The oil industry is struggling to find enough workers in the tight labor market. Companies that could once grow...

Marijuana is a budding industry. Can it be scaled?

When Cody Stevenson was medically discharged from the Marine Corps, he was diagnosed with post-traumatic stress disorder. He didn’t like the medications he was given, and he self-medicated with alcohol. On a trip to Jamaica, he discovered that marijuana alleviated his symptoms.

With rising trade tensions, U.S. online-only sellers look elsewhere from China

Rex Bledsoe, 61, first heard about the U.S. tariffs on Chinese goods on a tour bus in Bogotá, Colombia. He was heading back to his hotel from a state-sponsored trade show for textiles, when another passenger shared the news to the suppliers and buyers on the bus....

Reducing the safety net will hurt low-income children

A few years ago, Arlene Nieves, 34, was struggling to get by as the single mother of three young sons. Over half of the $300 a week she made working at Publix, a supermarket chain in Sarasota, Florida, went to paying for childcare. She received food stamps but still...

Unemployment Cracks 4 Percent as Labor Market Continues to Tighten

The unemployment rate fell to its lowest level in 17 years in April as the economy’s record-shattering streak of adding jobs continued. Significant wage growth, however, remains elusive. The jobless rate crossed the 4 percent threshold and clocked in at 3.9, the...

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...
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.