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No Tax on Tips Meant Bigger Refunds, Then Came Higher Gas Prices.

No Tax on Tips Meant Bigger Refunds, Then Came Higher Gas Prices.

by Irene Milanez | May 19, 2026 | Economy, Featured

The figure on Lydia Grosswendt’s laptop ticked upward as she entered months of tips from brunch shifts, where she mixed Bloody Marys for customers as early as 9:30 in the morning. Grosswendt, a 24-year-old bartender at a Lower East Side Australian restaurant, was...
April Jobs Report Shows Resiliency in the Labor Market with 115,000 Jobs Added

April Jobs Report Shows Resiliency in the Labor Market with 115,000 Jobs Added

by Irene Milanez | May 12, 2026 | Economy, Featured, Jobs

U.S. job growth remained steady in April, with gains concentrated mainly in healthcare, offering a sign of a resilient, but cautious labor market amid the war in Iran.  The Labor Department reported on Friday that employers had added 115,000 jobs last month, exceeding...
Protected: Consumers scale back fast-casual restaurant spending amid economic worries

Protected: Consumers scale back fast-casual restaurant spending amid economic worries

by Irene Milanez | Mar 31, 2026 | Economy

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Five things to watch out for in the February retail report

Five things to watch out for in the February retail report

by Irene Milanez | Mar 31, 2026 | Economy, Retail Sales

The latest advance monthly retail sales report will be released on Wednesday morning by the U.S. Department of Commerce. Economists surveyed by Bloomberg estimate a 0.5% increase in retail sales for the month of February, an optimistic jump from the 0.2% dip from the...
Retail sales dip in January thanks to frigid weather, weakening job market

Retail sales dip in January thanks to frigid weather, weakening job market

by Irene Milanez | Mar 9, 2026 | Economy, Retail Sales

Retail sales dipped modestly in January, signalling consumers are slowing spending amid economic uncertainty and a weakening job market. Retail sales declined 0.2% in January from December, partly because of a drop in sales at auto dealerships, according to a Census...
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  • ‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden CostsMay 20, 2026

Welcome to Issue Number One

Welcome to Issue Number One, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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