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The pandemic saw a boom in Black-owned businesses. What will happen to them if there’s a recession?

The pandemic saw a boom in Black-owned businesses. What will happen to them if there’s a recession?

by Mariam Kiparoidze | Jun 10, 2023 | Economy, Jobs

Photo by Microsoft 365 on Unsplash Imani Watts and Alex Hadley, both 24, had always been interested in thrifting and fashion. In the spring of 2020, they had a chance to take over a space where a thrift shop had to shut down because of the pandemic, and turned their...
The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

by Joseph Lingad | May 24, 2023 | Cannabis, Economy, Inflation

When Noah Carey founded his company in 2015, no banks worked with the cannabis industry. But now he is seeing financial institutions that once balked at the underserved market have a change of heart — in part because of the recent banking crisis. Carey’s company,...
Construction Jobs Continue To Grow Despite Interest Hikes

Construction Jobs Continue To Grow Despite Interest Hikes

by Mrinalini Nayak | May 23, 2023 | Economy, Housing, Inflation, Jobs, Manufacturing

Ajax Paving Industries, Florida LLC couldn’t be any busier this year. The company is bagging multiple contracts for re-building interstate highways and roads in Florida as the fast growing state sees skyrocketing development from building roads and airports to homes...
April Hiring in the U.S. Remains Strong Amidst Economic Uncertainty 

April Hiring in the U.S. Remains Strong Amidst Economic Uncertainty 

by Caroline Handel | May 17, 2023 | Economy

Hiring numbers once again eclipsed economists’ projections in April, indicating a stubbornly resilient labor market defying high interest rates, elevated inflation, and banking industry turmoil.  The U.S. economy added 253,000 jobs last month, according to data...
Five Things to Watch for in April’s Retail Sales Report

Five Things to Watch for in April’s Retail Sales Report

by Divya Murthy | May 15, 2023 | Economy

The Census Bureau will release data on retail sales for April on Tuesday, with most economists predicting a weak report for the month.  High prices and slowing wage growth will continue to dampen spending, which economists expect will either post a modest increase or...
How The U.S. Is Retooling its Auto Industry to Go Electric — and What Stands in the Way

How The U.S. Is Retooling its Auto Industry to Go Electric — and What Stands in the Way

by Divya Murthy | May 13, 2023 | Economy

Roscoe has worked at the Sterling Heights Stellantis plant for 12 years, building the Ram1500 TRX pickups. In the coming years, he’s cautiously optimistic about building and tinkering with a new beast: the EV, as auto plants in Michigan and beyond reorient their...
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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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