The U.S. trade deficit plunged last year to its lowest level since 2019, reflecting both a healthy domestic economy and falling reliance on foreign countries […]
Tag: economics indicator
Wages increased for restaurant and hotel staff post-pandemic
The cost of living has risen for leisure and hospitality workers while a hot labor market has spurred salary growth for low-paid workers – but […]
Five things to watch for in March’s durable goods report
The US Commerce Department will publish its March durable goods advanced report Tuesday at 8:30 a.m. EST. Economists are spread wide on what they expect […]
Inflation Hits 40-Year High: Energy, Food, Housing Costs Drive 7.9% CPI Increase
Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices […]
Five Things to Watch For in February’s Retail Sales Report
The U.S. Census Bureau releases its February advance retail sales report on Monday. Major economists predict on average a gain of about 0.2% from January’s […]
Real Disposable Income Rises Sharply, Driven by One-Time Bonuses
Personal income increased in January, as employer optimism surrounding the recent tax bill made its way to consumers’ wallets. The 0.4% increase in January released […]
Stagnant wages and job insecurity for Millennials drags homeownership rate to 19-year low
Stevie-Lynn Pickel and her fiancé, Adonis Smith, put money into a joint savings account whenever they can. The couple has a two-year plan: save up […]
March Housing Starts Will Rise With the Mercury
It’ll be a spring thaw: Housing starts likely jumped as soon as the weather warmed up in March, even as concerns remain about the cost […]
February exports, cold weather drag US trade
The United States saw its trade deficit widen for the second month as the cold weather and weak global economy continued to hamper movement of […]
February Cold Keep Housing Starts Flat
Weather held U.S. housing starts flat in February, even as the sector showed signs it would grow in spring. Starts dropped to a seasonally adjusted, […]