Trade deficit narrows in 2023, a positive sign pointing towards economic recovery
The U.S. trade deficit narrowed in 2023 despite a slight month-to-month widening in December, pointing towards a recovering economy. The goods and services deficit increased by $0.3 billion in December, the Census Bureau reported Wednesday. But it fell by $177.8...
Black Unemployment Hits Historic Low — But Not Everywhere
For most of his adult life, De’Angelo Mack worked odd jobs. At a mattress warehouse, a candy factory, Fedex. Most work lasted a couple of weeks or months. But when the Chicago-born 32-year-old started looking for more permanent employment after the pandemic, it...
New York Rents Reach Record Highs Despite Moderating Nationwide
Kat Logan moved into a spacious studio apartment in Gramercy Park in 2018 for $2,500. During the pandemic, her rent held steady. Now, Logan is considering leaving New York City because of skyrocketing rents. "There's this thought at the back of my mind like, what if...
Semiconductor industry set to boost job creation and localities
For years, Wyatt Hajda filled medical prescriptions at a veterinary pharmacy in Scottsdale, Arizona. Eventually, at age 32, he reached the maximum hourly pay rate of $23 per hour for someone at his position. With little or no future growth prospects in his job,...
The Labor Market Continues To Remain Tight In April
In April's jobs report, there was an increase in wages and the unemployment rate reached a historic low, indicating that the job market is very tight. The labor market continued to show strength in April, with wages increasing and unemployment declining,...
Is Arizona Bulletproof To A Possible Recession
Arizona is a dynamic state, with a robust labor market, all the signs that this state may be recession proof. Lexi Porterfield is a skilled trades coordinator, academic advisor, and recruiter at Central Arizona College– she goes to careers fairs to recruit students...
Five Takeaways from April Retail Sales Report
Economists predict retail sales in April will rise to 1.0%, not adjusted for inflation after a decline in retail sales in March – indicating consumers are slowly spending their money in an economy with high inflation and interest rates. 1.What Economist Predict In...
Euphoria and Caution over Argentine Lithium
It is the country with the most lithium projects in the world, a critical mineral for electric mobility, but political and environmental risks doubt its future.
Five things to look out for the Upcoming Consumer Price Index report
Inflation is expected to slow, but barely in the Consumer Price Index report to be released on Wednesday at 8:30 am. Here are five things to keep an eye out for: April showers bring… more headaches for the Fed? Economists forecast inflation to rise 0.4 percent on a...