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As the retail apocalypse continues, not all workers will find shelter

As the retail apocalypse continues, not all workers will find shelter

by Karishma Vanjani | May 15, 2019 | Economy, Jobs, Retail Sales

Karina Sanchez, a cashier at a Payless ShoeSource store in midtown Manhattan, is looking forward to her upcoming family vacation, even though next month she will effectively be unemployed.  Payless, like many other retailers this year, is closing all its 2,500,...
Millennials – auto sectors most blamed generation – with low spending powers might be picking up pace

Millennials – auto sectors most blamed generation – with low spending powers might be picking up pace

by Karishma Vanjani | Apr 1, 2019 | Autos, Economy, Millennials, Retail Sales

Ruben Rajan, bought his first used car a year before recession and before he enrolled in a private college. Fast-forward to six years later and Rajan graduated with over $80,000 dollars in student debt — and a degree that didn’t even fetch him a well paying job...
Five things to watch in the retail sales report for February

Five things to watch in the retail sales report for February

by Karishma Vanjani | Mar 31, 2019 | Economy

On Monday, the Commerce Department will publish its numbers for all the retail goods and services sold in the month of February. This retail sales report has been delayed due to the government shutdown. Here are five things to watch out for when the numbers come out....
January retail sales see gain but not enough; December revised sharply down

January retail sales see gain but not enough; December revised sharply down

by Karishma Vanjani | Mar 25, 2019 | Economy, Featured, Retail Sales

Retail sales stabilized in January but didn’t rebound from the surprisingly low December numbers, signalling the economy is off to a sluggish start in the first quarter.   Overall sales rose a seasonally adjusted 0.2% in January, pushed up by purchases made...
Retail Sales Suffer Unexpected Drop – Worst Figures in 9 Years

Retail Sales Suffer Unexpected Drop – Worst Figures in 9 Years

by Karishma Vanjani | Feb 25, 2019 | Economy, Retail Sales

Retail sales saw their sharpest decline in more than nine years in December, suggesting slower economic growth amid the government shutdown and stock market turmoil. Sales fell by 1.2 percent in the final month of the year, closing out the holiday season on a weak...

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.
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