Other News

Housing Starts Rebound in February

New housing construction picked up in February after a January dip, a sign of the resilience of the housing market due to strong economic conditions. Housing starts jumped 5.2 percent in February to a seasonally adjusted rate of 1.2 million, a five-month high. Economists attribute this increase to pent-up demand […]

The changing nature of the American apparel industry

The changing nature of the American apparel industry

Sitting in her office at the 17th floor of a midtown building in the garment district of New York City, Karen Sadaka speaks with a hint of sadness in her eyes. “This factory is here since 1949 and has never changed. If you take a picture of the workshop and […]

Sweeping Slump in Trade Hurts Everywhere But Auto Sales

Sweeping Slump in Trade Hurts Everywhere But Auto Sales

International trade is down across categories and the deficit is up leading to skepticism of a rebound this year. With the global slowdown and a strong dollar recently playing a role, this slide continues a trend that started in late 2014. However, the Friday jobs report was substantially more positive […]

Income and consumption in January confirm strength of U.S. economy

Income and consumption in January confirm strength of U.S. economy

Personal income and spending both rose by 0.5% in January, the U.S. Department of Commerce reported Friday. The figures indicate the American economy is improving as household income increases and consumers show regained confidence by buying more.   Friday’s figures show a sharp improvement over December, when spending rose by […]

Durable Goods Jump But Not Satisfactorily

      New orders last month for long lasting manufacturing goods turned in the highest increase in 10 months, soothing the fears of an impending recession.   Durable goods for January rose to 4.9 percent after a steep decline of 4.6 percent in December. The increase exceeded most economist’ […]

A Drop in Housing Starts in January no Cause for Concern

Despite a drop in housing starts in January, the housing sector remains strong and new home constructions should pick up in the months ahead. Housing starts fell 3.8 percent in January to a seasonally adjusted annual rate of 1.1 million, the Department of Commerce reported on Wednesday. This came as […]

January Inflation Flat, Core Rate Shows Signs of Strength

Inflation signals were mixed in January, with the general level unchanged while the core level showed an increase. Despite economists predicting a 0.1 percent decline, the Consumer Price Index, which measures the percentage change in the cost of a representative basket of consumer goods and services, remained steady for the […]

U.S. Retail Sales On The Rise in January

Retail sales gained momentum in January as consumers defied global economical turmoil and boosted their spending for the third consecutive month. Consumers spent $449.9 billion in January, which was an increase of a seasonally adjusted 0.2 percent from last month and 3.4 percent higher than January 2015, the Commerce Department […]