by Allison Nicole Smith | Mar 29, 2021 | Employment, Featured
A year after the pandemic devastated the job market, federal data to be released next Friday will likely show a labor market that’s beginning to claw its way out of a coronavirus recession hole. Economists expect the jobs report to show significant growth for March,...
by Allison Nicole Smith | Mar 29, 2021 | Featured, Personal Income
Waning federal aid and severe winter storms curtailed spending last month, but Americans are poised to reopen their wallets as vaccinations progress and more stimulus money lifts household incomes. Consumer spending dropped 1 percent in February, slightly more than...
by Keira Wingate | Mar 26, 2021 | Featured, Manufacturing
Long-lasting goods orders in February showed the first decrease in nine months, but economists say to take this report with a grain of salt. Orders for manufactured durable goods fell 1.1% from January, a modest loss of $2.9 billion, the Census Bureau reported on...
by Aria Velasquez | Mar 9, 2021 | Featured, Trade
The U.S. trade gap widened in January, the result of increased consumer spending as the economy recovers from the COVID-19 economic crisis. The trade deficit was $68.2 billion in January, up 1.9 percent over December’s seasonally adjusted numbers, the Commerce...
by Allison Nicole Smith | Mar 1, 2021 | Featured, Personal Income
Pandemic relief lifted U.S. household incomes to historic heights, and consumers boosted retail spending to its largest increase in seven months, signaling early signs of economic recovery. Household income spiked 10 percent in January, the Commerce Department...
by Keira Wingate | Feb 28, 2021 | Featured, Manufacturing
American households and businesses ordered more long-lasting goods in January, a sign that the COVID-19 pandemic hasn’t slowed down consumer or business spending. The Department of Commerce said Thursday that the growth rate increased 3.4% on long-lasting goods like...