Existing home sales increased last month, but declining prices and a high percentage of distressed sales indicate that the housing market faces a long road […]
Latest News
Changes in Building Permit Codes Affected LEI Numbers
The number for January’s Index of Leading Economic Indicator (LEI) came out yesterday and they show that the U.S. is still increasing by 0.1 percent. […]
Consumers Feel the Pinch as Economists Breath Sigh of Relief
The Bureau of Labor Statistics reported early Thursday morning that the consumer price index rose to a seasonally adjusted 0.4 percent in February, the second straight month of growth. The index came in at a higher than projected 0.3 percent made by many economists across the U.S., according to Bloomberg.
Retail Sales Slip Following Holiday Season
Retail sales fell in January, as a slow job market and rising gas prices kept consumers out of stores following the holiday season. The advanced […]
Jump in Producer Prices Raises Inflation Questions
Wholesale prices increased by 0.8 percent in January, exceeding some forecasters’ predictions. But economists said it’s too soon to sound the alarm on rising inflation, […]
U.S. Trade Deficit Widened in December
The U.S. trade deficit widened by 6 percent in December, adding up to a record-high annual trade gap with China. The trade gap with China […]
New Jobless Claims Drop Below 400,000
Initial jobless claims fell last week to the lowest level since July 2008. In the week that ended on February 5th, new applications for unemployment […]
Tracking the economy
Welcome to CUNYontheEconomy where you can get a complete update on the latest economic indicators and what they mean for the U.S. economy. The writers […]