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

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

by Milana Vinn | May 16, 2017 | Economy, Jobs, Newest, Retail Sales

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...
Five things to watch in the retail sales report

Five things to watch in the retail sales report

by Milana Vinn | Apr 11, 2017 | Economy, Newest, Retail Sales

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...
Political disparity among Americans bringing spending down

Political disparity among Americans bringing spending down

by Milana Vinn | Apr 7, 2017 | Economy, Newest, Retail Sales

Tanya Tankou supported Donald Trump in the presidential election. The resident of Austin, Texas, and an owner of Credit Engineers, a credit repair company, says that whenever there is a Republican in office, her business improves. But besides a personal financial...
Retail sales slowed in February; building materials, furnishings sales benefit from low rates

Retail sales slowed in February; building materials, furnishings sales benefit from low rates

by Milana Vinn | Mar 21, 2017 | Newest, Retail Sales

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....

Retail sales exceed expectations in January; Auto sales slow down.

by Milana Vinn | Feb 17, 2017 | Economy, Retail Sales

Consumers increased spending in January in a sign that they are confident about the economy. The rise in retail sales reflects this winter’s employment growth and President Trump’s promises to cut taxes. Retail sales increased by 0.4 percent in January, beating...

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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