Other News

Housing Construction Carries Momentum into 2018

New residential construction started the year strong, providing another reason to believe in the overall strength of the economy. The annual rate of privately-owned housing starts in January was up 9.7 percent from December, carrying momentum over from a 2017 that was already the best year for new home construction […]

Gas Pump

Higher Than Expected Inflation Fueled By Volatile Gas

Higher gasoline and apparel prices pushed up inflation last month, but consumers aren’t likely to face rapidly increasing prices. The Labor Department reported Wednesday consumer prices rose 0.5% in January, spurred by a 5% increase in gasoline, thanks to growth in economies around the world. “Europe and Japan have regained […]

Shoppers exit a Whole Foods in midtown New York on Wednesday, February 14.

Higher gas prices, lower auto sales put brakes on consumer spending

Retail sales shrunk in January, ending several months of consumer spending growth fueled by drawing down savings and going into debt. The Commerce department reported Wednesday that overall retail sales declined 0.3 percent. Fewer people bought cars and car parts. The increase in gasoline prices, up 3 percent, sapped consumer […]

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 […]