Tag: economy

Flower wholesaler Ashok Komar stands outside his shop

New development chokes historic flower markets

Since he opened his flower business 18 years ago, Ashok “AK” Komar has watched storefront after storefront empty from this block of Manhattan. Pointing through the tall tropical plants for sale to businesses up and down the street, Komar, 41, lists out each flower wholesaler gone dormant. It’s easy to […]

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 […]

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. […]

Housing starts down again in January

U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January housing starts were at a seasonally adjusted annualized rate of 1.065 million units, 2 percent below the downwardly revised December estimate of 1.087 million. Economists […]