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Retail Sales Grows 0.3% in February. Inflated Prices are to Blame.

by Brianna Monsanto | Mar 24, 2022 | Retail Sales

Consumers slowed their spending in February as they continue to deal with higher prices. Retail sales grew a mere 0.3% in February, the Commerce Department said Wednesday. Gasoline stations dominated the report with a 5.3% increase in sales. These figures indicate...
Personal Income Dropped in February, but Economists aren’t Surprised or Concerned

Personal Income Dropped in February, but Economists aren’t Surprised or Concerned

by Angela Palumbo | Mar 29, 2021 | Economy, Featured, Jobs, Personal Income

Personal income went back down in February, due to a decrease in government aid. Consumer spending also went down for the same reasons, as well as extreme weather conditions in Texas. Personal income fell 7.1 percent in February and consumer spending fell 1.0 percent,...
Inflation Crawled Up in February But Deflation Will Come After The Coronavirus.

Inflation Crawled Up in February But Deflation Will Come After The Coronavirus.

by Minji Koo | Mar 14, 2020 | Consumer Price Index, Economy

Inflation crept up in February but could begin falling with the continued drop of oil prices following the COVID-19 outbreak.  The Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index, which measures how much consumers pay for food, housing,...

Retail sales improve in February, jobless claims remain at four-year low

by Mariya Pylayev | Mar 14, 2012 | Economy

B y Mariya Pylayev Rapid job creation and increased consumer confidence contributed to higher than expected retail sales in February. Overall retail sales improved 1.1 percent in February, following an upwardly revised 0.6 percent gain the prior month, said the...

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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