by Tiara White | Mar 22, 2023 | Featured, Retail
After a strong month in January of consumer spending, retail sales decreased in February, an indication that the economy is slowly cooling, but inflation is still high, which may cause the Fed to raise interest rates. Retail sales decreased in February, indicating...
by Impu Sehgal | Mar 11, 2023 | Featured, Manufacturing
New orders for manufactured goods fell last month but remained strong— weathering the storm and signaling an expanding economy. New orders for durable goods sank by 4.5% in January, the biggest decline reported since April 2020, according to the Commerce Department....
by Safiyah Riddle | Mar 2, 2023 | Featured, Housing
The Federal Reserve seems to be getting what it wants – for housing at least. Rising mortgage rates slowed home buying at the end of last year, driving down home prices nationwide. Seasonally adjusted housing prices fell 0.8% in December and were 2.7% below the peak...
by Francisco Uranga | Feb 14, 2023 | Featured, Trade
NEW YORK— The U.S. trade deficit soared in 2022 and reached a historical record of nearly $1 trillion grew because of high oil prices, inflation, and the relative strength of the U.S. economy compared to the rest of the world. Annual net exports of goods and services...
by Francisco Velasquez | May 21, 2021 | Employment, Featured
Juline Chevalier packed her bags in June of last year when her position at the Minneapolis Institute of Art was eliminated. After five years and six months of working as a museum educator at the MIA, she returned to Virginia, where she continued working as the...
by Allison Nicole Smith | May 10, 2021 | Employment, Featured
The job market stumbled last month, dampening hopes for rapid economic recovery amid the coronavirus vaccination rollout, while crystallizing debate over the health of the economy. U.S. employers added a meager 266,000 jobs in April, the Labor Department reported...
