Big and small manufacturing plants reopen, with a top concern for worker safety

Elisha Tropper adapted on the fly to the new reality for his company, Cambridge Security Seals. The business occupies a 25,000 square-foot facility in Pomona, New York, manufacturing seals for global industries such as healthcare, aviation, and pharmaceuticals.  He...

Centre Country feeling less economic pain than others in Pennsylvania

Pennsylvania is among the states hit hardest by the coronavirus, with 1,907,314 unemployment claims filed from March 15 to May 20. But Centre County, in the very middle of the state, is suffering less from shutdowns than the rest of the state. As a university town,...

Landlords Looking for Help Amid Calls for Rent Strikes

Like other landlords across the country, Larry Crites is concerned when he hears the words “rent strike”. Crites is a landlord for 8 buildings and 48 units in Seattle, Washington, and has been a property manager for 33 years. “There is a lot of talk about supporting...

Record-Shattering, and Not the Good Kind: US Unemployment Rate Soars to 14.7%

The coronavirus has taken the US labor market hostage.  According to data released today by the Bureau of Labor Statistics, the US has reached levels of unemployment not seen since the Great Depression. Non farm payrolls lost 20.5 million jobs, and the unemployment...

Report shows record-breaking loss of American jobs in April

The U.S. economy lost a historic number of jobs in April, the clearest picture yet of the staggering consequences wrought by the pandemic. The report released by the Bureau of Labor Statistics showed a record 20.5 million jobs lost over one month and an unemployment...

Five Things to Watch for in Friday’s ISM Report

Many manufacturers have been deemed essential businesses and allowed to continue production while other businesses have been forced to close. Though far from immune to the economic effects of the shutdown, to this point they’ve fared much better than most American...

Five Things to Watch in February Case Shiller Report

Tuesday’s Case Shiller Indices report will likely show modest gains in home prices for February 2020. Some economists are forecasting about a .3% gain. Home prices in January were strong due to low unemployment, low mortgage rates, and low interest rates. February...

Five things to watch in March’s durable goods report

The March durable goods report is expected to be weak, showing the first signs of the coronavirus pandemic on manufacturing orders. Here’s what to watch in the monthly report out Friday at 8:30 am Eastern time: It’ll be bad but it won’t capture the full picture. ...

Pandemic intensifies renter conflict with landlords

Donnette Leftord of Flatbush, NY, won’t be able to pay rent on May 1. Leftord runs a small cleaning company. A few weeks ago, she learned that she was exposed to the virus when a woman whose apartment she cleans, died of COVID-19.  “I have lupus, and am trying to...

A Tale of Two Retail Sectors: COVID-19 Makes Stores Halt while Warehouses Struggle to Keep Up with Sales

“Working in e-commerce, it seemed like it was a better job.” Tyler Hamilton quit his construction job to pack boxes at Amazon’s warehouse near Minneapolis a couple years ago. Since coronavirus, the 23-year-old got a small pay bump but works endless overtime, with one...