Jobs lost during the pandemic are so skewed to lower-income Americans that the average wage didn’t suffer in this tough economy like you might think. In fact, it’s misleadingly high, now topping $30 an hour. Average hourly wages in the U.S. continued to increase in...
Did the events of 2020 and the associated changes in shopping behavior break the classic brick-and-mortar retail model? The combination of Covid-19 lockdowns, supply chain problems, and economic woes accelerated digital retailing in several areas of the economy. While...
U.S. retail spending declined the most since a historic plunge in April, as new coronavirus surges restricted outings to stores and restaurants. Retail sales dipped 1.1% in November compared to a month earlier, the Commerce Department said Wednesday. However, spending...
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, welcomes House passage of the National Defense Authorization Act (NDAA) of Fiscal Year 2021. “We applaud the House of...
