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Trade Deficit Remains Near Record as Americans Continue High Goods Spending

Trade Deficit Remains Near Record as Americans Continue High Goods Spending

by David Westenhaver | Apr 8, 2022 | Economy, International Trade

The US trade deficit remained at a near-record level in February, reinforcing the view that American consumers are faring better than their overseas counterparts despite continued bottlenecks at port cities throughout the country. The monthly trade deficit came in at...
Shipping Costs, Delays Are Squeezing Businesses — And There’s No End in Sight

Shipping Costs, Delays Are Squeezing Businesses — And There’s No End in Sight

by David Westenhaver | Apr 6, 2022 | Economy, Featured, International Trade

At least once a month, Bobby Garg, the president and CEO of SG Worldwide Inc., pays for a shipment of high-end whiskey and gin from India. A distillery in Uttar Pradesh makes the liquor. Dockworkers load the alcohol into a 20-foot crate, then place the crate on a ship...

Retail Sales Soar in January Despite ‘Training Wheels’ Coming Off of the Economy

by Brianna Monsanto | Feb 23, 2022 | Economy, Featured, Retail Sales

The Omicron variant made its rounds across the country in January, causing a number of employee shortages and shortened shopping hours. Yet, consumers continued to spend. Retail sales rose 3.8% in January from December, a bigger gain than economists expected. Sales...
Beauty services are poised for a boom, but the industry is more competitive now

Beauty services are poised for a boom, but the industry is more competitive now

by Olivia Morley | May 19, 2021 | Economy, Featured, Retail Sales

The last few weeks have been busy for Eleni Tziouvaras, who owns Goleta, California-based E Salon. Tziouvaras’ business contracted at the beginning of the pandemic, slashing her income by 90 percent to $15,000 in 2020. Now, with restrictions on businesses being lifted...
Watch for high retail sales in March as restaurants rebound and gas prices soar

Watch for high retail sales in March as restaurants rebound and gas prices soar

by Olivia Morley | Apr 14, 2021 | Economy, Featured, Newest, Retail Sales

The Census Bureau will release the advance monthly retail sales report for April on Thursday. The report shows how much consumers spent on retail trade in the previous month – an important indicator of economic health. Economists surveyed by Bloomberg expect sales...
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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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