In California—and nationally—a labor shortage underlies the housing crisis

In 2016, when Liza Jane Norman’s mother passed away, Norman was tasked with selling the home in Hollywood Hills where she was raised as part of settling the estate. When Norman started looking for contractors to make some repairs at the house before putting it on the...

5 Things to Watch for in April’s Durable Goods Report

5 Things to Watch for in April’s Durable Goods Report The U.S. Commerce Department is scheduled to release its monthly durable goods report on Friday. The report will cover business investment data derived from April. Over the past few months, prior reports have shown...

For-Profit Colleges in New York Crush Students with Debt and Low Wage Careers

In the U.S., earning a postsecondary degree can be perceived as a way to earn more money and have a sustainable career. Students often make their decision on which college to attend based on which program will provide them with the best educational boost. This was the...

Will Consumption Get Its Trump Bump? And Other Questions the Income Report May Answer.

April’s personal income and outlays report will be released Thursday. Economists predict steady gains in Americans’ income and spending, as well as slowed growth for the personal consumption expenditures index, a measure of inflation that jumped in March. Here are...

Protected: “It’s Really a Race”: Unions and Conservative Groups Battle to Recruit Public Sector Workers Ahead of Janus Decision

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Reports of Damage from Trump’s Solar Tariff could be Exaggerated

President Trump caused quite an uproar when he initially announced he would impose tariffs on solar modules and cells to spur domestic manufacturing this past January. The decision was met with much opposition, and many solar companies are filing for exemptions from...

Millennials May Be Responsible for the Slowdown in Consumer Spending

As millennials continue to shift away from shopping for merchandise and allot their disposable income to leisure, retail spending will increasingly lose its weight as an engine of economic growth, according to data and many economists.

After Decades of Decline, A Rising Share of American Moms Are Staying Home

Just a few years ago, Iris Gillian could not have pictured herself where she is today. In 2012, she graduated from the University of Maryland School of Law prepared to commit herself to a career championing workers’ rights as a labor and employment attorney. But this...

U.S. Trade Deficit Dropped Significantly in March

The trade deficit in goods and services decreased dramatically in March.  The deficit level pulled back roughly to where it was in October of last year, and exports reached a record high. The goods deficit decreased, while the services surplus increased slightly....

The U.S. economy tightens as unemployment falls to historic 3.9 percent low

The unemployment rate dipped to 3.9 percent in April, the lowest level since 2000. For a record 91st straight month, the economy added more than 100,000 jobs. They are both signs that the U.S. is nearing full employment.

Five Things to Watch in the March Housing Starts Report

Five Things to Watch in the March Housing Starts Report

March’s housing starts report will be published Tuesday, and economist's predictions are focused on a modest gain in single-family starts concentrated regionally in the south and the west. Here are five things to look for in the report. A rough March or builders in...

Five Things to Watch in the Retail Sales Report

Five Things to Watch in the Retail Sales Report

The U.S. Census Bureau releases its advance monthly retail sales report for March on Monday. Economists surveyed by Bloomberg are forecasting a 0.4 percent increase in the headline number, the first gain for a relatively unimpressive quarter. Here are five things to...