Economy

But President Trump’s immigration crackdown is having an effect.

Now that Organics Unlimited, a banana importer based in San Diego, isn’t feeling the bite of tariffs, the dollar’s weakness is front and center.

The data from the Census Bureau could mean that consumers are pulling back — or it could just mean that they did more of their holiday shopping in November.

This morning, we’re unpacking retail sales, the cost of employing people, job market expectations, and more.

Americans were less worried about the short-term trajectory of inflation and hiring in January, according to a survey by the Federal Reserve Bank of New York.

States differ on whether to conform to HR-1, leaving taxpayers with a patchwork of rules depending on where they live.

Inflation and job creation are expected to hold steady, but revisions to the 2025 jobs numbers are expected to be large enough to show a net loss for all of last year.

It seems obvious that products will get more expensive over time. But that wasn’t always the case before the mid-20th century.

Consumers are feeling worse about the economy than they were at this time last year.

Black unemployment is at 7.5%, 1.4% higher than one year ago. For Black women, the jobless rate is 1.9% higher. White unemployment, by contrast, has barely budged, up 0.2% since December 2024.