History Might Repeat Itself As Recession Fears Grow
History could repeat itself this year as recession fears grow. The Federal Reserve continues to increase interest rates to cool off the economy, which may cause a recession and affect Black and Latino unemployment first. William Martin knows when a recession hits, he...
Inflation might crush low-income groups’ hope of buying cars
When Diego Zapata (49) decided to buy his 2022 Nissan Sentra, he didn’t expect it to be a bumpy ride. He was working 60 hours a week as a porter at a grocery store for most of last year, including the winter season, and thought buying a vehicle was not only going to...
Trade Deficit Expected to Widen in February: Five Things to Watch in International Trade Report
Economists foresee a slight increase in the trade deficit due to a drop in exports and a reduction in imports, which would point to a weakening of domestic demand after a strong January
Manufacturing Employment Rebound? Yes, for Latino workers
In the last years, the number of Latino workers in the industry has increased and the wage gap with white workers has narrowed
Consumer Spending Eases, as Signs of a Slowing Economy Starts to Show
American households' spending cooled significantly in February after having the largest one-month gain in nearly two years in January, offering possible signs of a slowing economy as the Federal Reserve continues to pounce on inflation through interest rate hikes....
March Jobs Report Likely To Show New Gains Despite Headwinds From Bank Failures
After a month of deep uncertainty amid a sudden meltdown in parts of the banking sector, the U.S. jobs market is still expected to demonstrate its resilience in the face of headwinds. Ahead of the upcoming jobs report this Friday from the Labor Department, economists...
Manufacturing begins to contract amid banking fears and consistent Fed cuts
Durable goods orders continued declining in February, signaling that the rising borrowing costs might be sparking trouble for the manufacturing industry. New orders for all long-lasting goods fell by one percentage point this month after plunging by 5% in January,...
Consumers Spending Has Pulled Back In February
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...
Trade Deficit Widened in January
The U.S. trade deficit increased again in January as the U.S. economy continued to be stronger than expected. The trade deficit for goods and services in January reached $68.3 billion -- an increase of $1.1 billion over the revised December figure of $67.2 billion,...