Economic Impact: Holiday retail sales should be stronger this season

The holiday selling season got off to a strong start on Black Friday, but the results were mixed when comparing online versus in-store sales. Online spending for Black Friday, the traditional start of the holiday selling season, was up 16.9 percent compared with the same day in 2016, according to Adobe Digital Insights, which tracks online spending in the nation’s 100 largest retail websites.

Who is Missing from the Labor Force?

As we celebrate the achievement of American workers on this Labor Day, we shouldn’t forget those who are left out of the labor market. The labor force participation rate, which is the percent of the civilian population 16 years and over who have a job or are looking for one, hasn’t been lower since 1978.

Economic Impact: Student loan debt is rising

Household debt surpassed its 2008 recession peak in the first quarter of 2017, according to a recent report from the Federal Reserve Bank of New York. As of March 31, household debt stood at $12.73 trillion, a $149 billion, or 1.2 percent, increase above the previous quarter. Mortgage balances, which make up the largest amount of debt, rose 1.7 percent to $8.63 trillion.