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 interests. Retail sales decreased in February, indicating that...
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,...
Inflation cools down slightly in February ahead of the Fed’s meeting
Inflation slowed down slightly in February but remains stubbornly high, which could force the Federal Reserve’s hand to continue to raise interest rates to bring it down. The Consumer Price Index for February shows prices increased by 6.0 percent on a year to year...
Rebound in U.S. capital goods orders signals an expanding economy
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....
Imports and Exports Record Highest Increase since the start of the War in Ukraine
NEW YORK— United States imports and exports soared in January, reflecting that both foreign and domestic demand is strong despite rising interest rates. The trade deficit increased 1.6% over December and reached $68.3 billion, according to data released Wednesday by...
Housing Prices Fall for the Sixth Straight Month
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...