by Lindsey Thompson | Oct 5, 2022 | Industry News
In the latest Monthly Economic Review from the National Retail Federation (NRF), chief economist Jack Kleinhenz says that consumers are worried about high inflation and increased interest rates but are still spending. Overall retail sales reported by the Census Bureau...
by Lindsey Thompson | Jul 18, 2022 | Industry News
The inflation rate topped 9.1% in June, the highest percentage since 1981, according to the U.S. Bureau of Labor Statistics. The Consumer Price Index was up 1.3% in June on top of the 1.0% increase in May. The energy index was up 7.5%, contributing to nearly half of...
by Lindsey Thompson | Jun 13, 2022 | Industry News, Operational Insights
The U.S. Bureau of Labor Statistics released its Consumer Price Index for All Urban Consumers last week, which showed an increase of 1% in May, after rising 0.3% in April, and an inflation rate of 8.6%, the highest the U.S. has seen since 1981. The energy index rose...
by Lindsey Thompson | Jun 6, 2022 | Industry News, Operational Insights
While the unemployment rate remained unchanged at 3.6% in May, 390,000 jobs were added to the U.S. economy even in light of increasing inflation, ongoing supply chain issues and predictions of an upcoming recession. The number of jobs added in May was down from the...
by Lindsey Thompson | Jun 1, 2022 | Industry News
Morning Consult, a global decision intelligence company delivering insights and custom market research on what people think in real-time, released its U.S. Supply Chains Report in April 2022. The report evaluated the impact of ongoing supply bottlenecks and rising...
