Internet vs. retail employment: What stores’ closures mean for their workers

Over the past five years, the U.S. created more than a million retail jobs. Now many of them are going to disappear and the workers who are jettisoned will face difficult career decisions. Retail jobs declined by 50,000 in the past year and the number is almost...
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Job Growth Surges the Economy Towards Full Employment, but Wages Struggle

American employers accelerated hiring in March, which marked an historic 79 straight months of job growth and inched the economy closer to full employment. The economy added 211,000 jobs in April and the unemployment rate stayed about the same, at 4.4 percent,...
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5 Things to Watch in the Personal Income and Outlays Report

For the first two months of 2017, personal income rose 0.4 percent in a sign that consumers are earning more. On Monday, The Bureau of Economic Analysis will release its Personal Income and Outlays report and many analysts are predicting an increase of 0.3 percent,...
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5 Things to Watch in Auto Industry Report

The March auto sales report to be released is expected to show a slight decrease to about 17.3 million units as auto sales weaken compared with record performance in the last year when the U.S. auto market reached an annualized rate of 17.53 and 17.58 for February...
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Five Things to Watch in the Durable Goods Report

As President Trump approaches his 100th day in office, the Commerce Department will release the monthly report on durable goods tomorrow, a measure of how manufacturers are faring under the buy American, hire American administration. The past few months have shown...
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5 Things to Watch in the March Housing Starts Report

Housing starts have been strong this year and the monthly housing starts report released by The Census Bureau Tuesday at 8:30am should be no exception.  The Bloomberg consensus for March housing starts came in at seasonally adjusted annual rate of 1.25mln, down 3%...
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5 Things to Watch in the March Consumer Price Index

The Labor Department on Friday releases its Consumer Price Index, a measure of what Americans pay for everything from shoes to rent. The Federal Reserve considers this measure of inflation along with the Labor Department’s monthly jobs report in its decision on...
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Rental Market Drops Across All Major Cities in US

VanderBorgh Realty has been in business for 11 years in New York City, but founder and President Nicholas VanderBorgh has never had multiple two bedroom listings languish on the market for months at a time – until now. “Even the low end of the high end is sitting on...
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Five things to watch in the retail sales report

The Commerce Department issues its monthly retail sales report Friday and it should show that consumers kept their wallets closed in March, taking a breather from strong spending in previous months. Snow storms, delay in tax refunds and slow wage growth affected last...
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Egg Farmers Grapple with Consumers’ New Idea of Progress: A Return to the Past

Consumers ask egg farmers to return to pre-industrial practices

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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.