Canadian Lumber Tariffs Don’t Make America Great, They Make It More Expensive

President Trump has proposed a tariff on Canadian softwood lumber, but American lumber is becoming more expensive as a result. The new timber tariff proposed by the president – an almost 20% tax on softwood lumber imported from Canada - may sound beneficial for...

Autonomous Cars Are All Fun and Games…Until There’s an Accident, Hacking and Lawsuits

Freely roaming an open world, with fire arms, speeding down highways throughout the streets of New York might not fully be reality in city but it’s certainly the case in the video game Grand Theft Auto IV, which is being used to advance real life driverless cars....

Examining Regulations Under Trump

Depending on what side of the aisle you’re on, government regulations can be seen as necessary measures to roll back abuses in certain industries or job killer that stifles businesses and slows the economy. President Trump believes the latter and has promised to roll...

Visa Reform Could Bust Manufacturing

Five years ago, Rishvanth Kora, 31, was about to finish a graduate program in electrical engineering at the University of Kentucky, when he finally got a job offer. The Fortune 500 manufacturing company Cummins wanted a worker with an advanced engineering degree badly...

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...

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,...

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,...

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...

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...

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%...

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...

Five Things to Watch on the U.S. International Trade Report

U.S. international trade had a disappointing first quarter. The gross domestic product grew slightly by 0.5 percent on an annualized pace, according to a report released last week by the Commerce Department. This is the slowest pace in the past two years. The U.S....

Five Things to Watch for April’s Auto Sales Report

Kathryn Casteel American auto manufacturers release their April sales numbers tomorrow morning. Industry analysts, such as Edmunds.com and Kelley Blue Book, are expecting total vehicle sales for last month to hit around 1.52 million. Here are five things to watch as...

Five Things to Watch in March’s Durable Goods Report

By Yuxin Gao The U.S. Department of Commerce will publish its first look at this month’s manufacturing sector performance at 8:30 a.m. on Tuesday this week. Economists expect long-lasting goods orders, a main indicator for U.S. manufacturing and business...

Five Things to Watch in the March Retail Sales Report

The United States Census Bureau releases its monthly snapshot on retail sales for March Wednesday. Economists polled by Bloomberg expect a 0.1 percent increase in retail sales overall, and anticipate a more substantial increase when automobile sales are excluded. Here...

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.