Other News

NAFTA renegotiation may put jobs at risk

President Trump announced the renegotiation of the North American Free Trade Agreement [NAFTA] to congress this month. The agriculture industry will be the sector most affected, but some are hopeful that through Trump’s decision to renegotiate and not withdraw from NAFTA, a better deal will surface for Americans all around. […]

Retail Crisis Brings Up Memories of the Past

Stores going out of business is not unusual. What is unusual is the sheer amount of store closings by major retail chains in the past year. There’s a retail crisis happening in the U.S., and this time around, the economy is not to blame.  

Americans Ditch Food Places to Dine-in

Restaurants could be in trouble as their menu costs soar and grocery stores lower their prices. Over the past year, the consumer price index – an index measuring the changes in prices for goods and services – showed a 2.3 percent increase in the food-away-from-home index and a 0.8 percent […]

Construction Labor Costs Drive Home Prices Up, Pushing Buyers Out

Homebuilders are desperate to build more homes as demand accelerates across the country though they can’t because they simply do not have enough workers. The dearth in labor has squeezed homebuilders who have seen costs rise. It is the rise in labor costs in particular that has some construction firms […]

Teenage Labor Force Participation Rate Declining

Five days a week Emma Wender wakes up at 5:45 a.m. After only a few hours of sleep she’s in her parent’s car, the sun peaking over the Manhattan Bridge to the east. Wender, 18, begins her day ice skating at Sky Rink in Chelsea Piers. About an hour of […]

H-1B Employees Could Help Manufacturers Hire Again

President Trump has staked his presidency on reviving manufacturing and restricting immigration, and he seems to think the two go hand in hand. He’s wrong. Manufacturing companies say they need skilled immigrants to build and maintain advanced factories, and the blue-collar workers the president has promised jobs to aren’t being […]

Who Pays for Canada’s Dairy Farmers?

When the Canadian dairy industry set below-market prices on milk ingredients earlier this year, Craig Alexander saw his company’s sales to Canada shrink before his eyes. Alexander works for O-AT-KA Milk Products, a dairy cooperative in Batavia, NY. Before the new rules were enacted, Alexander said his company shipped about […]

Unemployment Rate Hits Lowest Level In A Decade

Job growth rebounded this month after a significant dip in March, easing fears that the economy may be weakening, and the unemployment rate remained steady at its lowest level in a decade. Hiring picked up sharply in April with the Bureau of Labor Statistics reporting Friday morning that the U.S. […]

Five Things to Watch in April Auto Sales Report

Today is the sales cutoff for the month of April and the auto sales report will be released tomorrow. This month’s report will indicate for many whether the slump in sales seen in March’s report will continue the rest of the year. Last month’s seasonally-adjusted annualized rate came to 16.62 […]