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...
Read More

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...
Read More

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....
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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...
Read More

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....
Read More

Consumer Spending Rises .5% in January

By: Jade R. Gardener @JustSoJadedInc   The release of the most recent economic data presents a favorable outlook for the United States economy. After a favorable rise in both December and November the most recent personal income data signifies a strengthening in the...

Can crime reduction save Camden?

One of New Jersey's most notoriously dangerous cities is looking to clean up its image. In May 2013, Camden's 141-year-old police force came under county control and was revamped in a bid to make one of the most crime-ridden U.S. cities safer. That appears to already...

Post-Grad Doom? Some Graduates Are Smiling

College Jobs—Enterprise Post-Grad Doom? Some Grads Are Smiling By Patrick Gillespie Rohan Mohanty will leave the college life in two weeks. He'll listen to Vice President Joe Biden's commencement address at the University of Delaware, and few days later, he won’t...

Rental Companies Cash In on Luxury Market

Rental Companies Cash In on Luxury Market

The rental market and car clubs appeals to the driver who want to drive exotic cars once in a while without footing the bill to purchase and maintain them. And, people who are on a budget can still enjoy the thrill of cruising in the latest Chevrolet Corvette or Lamborghini.

The writer is dead, long live his books!

The writer is dead, long live his books!

New York- One of the best ways for a well-known writer to sell more books isn’t to go on more talk shows or do a signing at a book fair. Those may be the best tactics for writers still in the middle of their creative careers. But for a writer at the top of his game,...

The Cassette Tape Underground Resurgence

Brooklyn, NEW YORK- Last September, the first international Cassette Store Day was held to celebrate the fiftieth anniversary of this technology. In New York City, obscure labels released cassettes of obscure bands in small numbers to celebrate the occasion, garnering...

Auto Sales Spring Forward

Auto Sales Spring Forward

Auto sales picked up speed in March after winter’s deep freeze. Industry sales far outpaced analysts’ expectations. The 16.3 million units easily topped the 15.8 million annualized sales rate that was forecasted. Total vehicle sales rose 6 percent, leaving automakers...

Escalating Discounts Leave Auto Dealers Uneasy

Escalating Discounts Leave Auto Dealers Uneasy

Automakers are reacting to dismal winter sales by extending discounts through April, leaving dealers with clogged inventories worried that price cuts will be at the expense of their profits. When snow and ice storms ravaged several eastern states, Nissan salesman,...

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.