Wide-Reaching Raise in Wages Causes Deep Divide Among Workers

By the time Yolanda de Jesus gets home each night, dinner is long over and her daughter is often asleep. She and her husband have fought over her long hours, and both worry she is missing her daughter’s childhood.    De Jesus works in a nail salon in Manhattan, and […]

Trade Deficit Narrowed for the First Time in Six Months

The U.S. trade deficit in March narrowed for the first time since September, and experts say it might keep narrowing in the future. The goods and services deficit in March was $49.0 billion, down 15.2 percent from February , according to a report released by the Department of Commerce Thursday. Exports […]

5 Things to Watch in the March Personal Income and Outlays Report

The Bureau of Economic Analysis will release the Personal Income and Outlays indicator for March on Monday morning. Economists are expecting modest wage growth and spending, but remaining hopeful that consumption will soon pick up. Over the last six months, disposable income has risen, while consumption has lagged following hurricane […]

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Five Things to Watch in International Trade Report

The U.S. trade deficit has been widening for 5 consecutive months. January’s deficit reached the highest since November 2008, and February is expected to continue widening. Here are the five things you want to watch in the International Trade Report to be released on April 5 from the Commerce Department: […]

Household Saving Increases, As Spending Slows

Household saving got a boost last month, as spending on hurricane recovery died down. Personal income rose 0.4 percent for the third straight month, meeting analyst expectations of modest growth. The personal saving rate rose to 3.4 percent, reaching a six month high after months of very low saving. A […]

Rearview Mirror

Auto Sales Keep Retail Economy in Reverse

Soft auto sales dragged down overall retail sales in February and consumers did not spend enough to pick up the slack. Retail sales decreased by one-tenth of a percent from January, according to Commerce Department figures released Wednesday, to a seasonally adjusted $447.31 billion. January retail sales were also one-tenth […]

Lack of housing supply continues to drive rising home prices

Home prices continued rising during the last month of 2017, but there are early signs they may begin to slow in the coming months. The Case Shiller National Home Price Index jumped 6.3 percent in the 12 months leading up to December, up from a 6.1 percent year-over-year gain reported […]