After Coronavirus, Could Clothes Made in the USA Mean More Jobs? It’s Complicated.
Meg Kinney was already producing most of her garments in the U.S. when factories in China closed because of the novel coronavirus. She was quickly able to reallocate products she was going to manufacture there back to her trusted factories in New York City. And then...
Joblessness Surges to Depression Era Levels
An avalanche of job losses swept the nation in April, in the most vivid portrait yet of an historically battered labor market.The unemployment rate shot up to a record 14.7 percent, the Department of Labor said Friday in its monthly employment report, a one month...
Boeing’s Issues Are Heightened By The Economic Crisis Caused By The Virus
Things were looking good for Dan Payne. He spent nearly 3 years training and working at a manufacturing company in Wichita. Then in 2018, he landed his dream job, working at Spirit AeroSystems, a Boeing supplier. It all came crashing down in January, when he was laid...
Unemployment Will Sky-Rocket Across the Economy, But Not for Everyone
When the coronavirus outbreak became a pandemic, state governments throughout the U.S started shutting down non-essential businesses. Lucky for Ramon Cumberbatch hardware stores were not among the vulnerable. As the store manager of Hero Ace Hardware in downtown...
The Housing Market’s Good Days Succumb To The Coronavirus.
When Angela VanHouten was visiting sellers to arrange for showing the properties to buyers through Facetime, the sellers had prepared hand sanitizers, turned on all lights themselves, disinfected door knobs and opened all their doors that did not need to touch...
Five Things To Watch For In February’s Trade Report
The United States Bureau of Economic Analysis (BEA) will release February’s report on the international trade deficit in goods and services on Wednesday. In this report, the preliminary effects of the coronavirus should be seen but the U.S. won’t know it’s true impact...
A Male-Dominated Industry Hurting for Workers Looks to Recruit More Women
In most ways, the training sessions offered by the Arizona Department of Transportation earlier this year looked like any other construction-industry training course. Courses covered how to interpret construction plans and other work readiness skills. Participants...
Imports and Exports Fall As Economists Await the Impact From the Coronavirus
The United States’ international trade deficit narrowed in January, as both imports and exports fell, and the spread of the coronavirus outbreak is likely to lead to a further slowdown. The trade gap fell 6.7% in January to $45.3 billion from a revised December number...
ISM Report Shows Mixed Signals and Effects of Coronavirus
Growth in the manufacturing economy slowed last month while threats continued to loom over supply chains. The Institute for Supply Management’s monthly index fell 0.8% to 50.1%. February was the second month in the past seven months with an index above 50%, which...
The U.S. Consumer Prices Went Up 0.1% in January But Inflation Slowed Down.
Underlying consumer prices rose in January due to the rise in prices of rent and medical care. The consumer prices index, which measures how much consumers are paying for goods from food, apparel, to other items, went up 0.1% in January, the Bureau of Labor...
