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Monetary policy, inflation, employment and the data that measures them.

Retail Sales Data Is Noisier Than the Headlines Suggest
  • Economy
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Retail Sales Data Is Noisier Than the Headlines Suggest

  • New Business Herald Editorial Desk
  • April 21, 2026

It is nominal, heavily revised, dominated by three volatile components, and covers a minority of consumer spending. Each is a reason to distrust a single month.

The Unemployment Rate Can Fall for Bad Reasons
  • Economy
  • News

The Unemployment Rate Can Fall for Bad Reasons

  • New Business Herald Editorial Desk
  • April 3, 2026

A ratio can fall because the numerator shrank or because the denominator did. Those are opposite economic events producing an identical headline.

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