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Made In America 2021 Event Postponed

Made in America 2021 postponed

Don Buckner, chief executive officer of Made In America, announced the Made In America 2021 event will be postponed. Due to increasing concerns about the COVID Delta variant and its impact, including the potential for future travel restrictions, shutdowns and …

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U.S. Economy Grows 1.6% in Q2

u.s. economy

The U.S. economy has returned to pre-pandemic levels as gross domestic product (GDP) grew 1.6 percent in the second quarter, The New York  Times reports. Compared to the second quarter of 2020, GDP grew 6.5 percent. Housing accounted for roughly …

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NRF Expects Record-Breaking Back-to-School Spending in 2021

back-to-school spending NRF

According to a National Retail Federation (NRF) back-to-school spending survey conducted by Prosper Insights & Analytics, consumers plan to spend record amounts for school and college supplies as families and students look to return to in-person classrooms this fall. “The …

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Child Tax Credits Could Stimulate Retailers

child tax credit

Starting July 15, U.S. households with children will begin receiving monthly payments for each child in the household. Part of the American Rescue Plan, the child tax credits will put money into the hands of low and middle-income families to …

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U.S. Adds 850,000 Employees to Workforce in June

June jobs added

The U.S. Bureau of Labor Statistics released its Employed Situation for June 2021, which reported 850,000 jobs were added in June. The number of new jobs added exceeded the expectations of 720,000 and is well above May’s gains of 583,000.  …

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NRF Projects 2021 Retail Sales to Top $4.4T

2021 retail sales

The National Retail Federation (NRF) is upwardly revising its estimate on how much consumers will spend across retail sectors in 2021. The organization’s new estimate now stands at $4.4 trillion, and the NRF expects sales to grow between 10.5 and …

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3 Takeaways From the May Jobs Report

may jobs report

According to the U.S. Bureau of Labor Statistics, the economy added 559,000 jobs in May, reducing the national unemployment rate to 5.8 percent. Notable job gains happened in public and private education, hospitality and health care. Take a deeper dive …

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