DDS News Blog

DDS-Employee Screening Services specializes in protecting businesses throughout the U.S. with respect to their pre- and post- employment due diligence practices. Because of that, we track the U.S. Business economy trends and outlook to determine where the industry growth sectors will be and where our expertise will be needed most.

If we dedicated this issue to business sectors, you would see a very similar steady downward trend in almost every major sector (led by manufacturing) between January 2021 and December 2024. Instead, we’ve chosen to show the economic effect and trends on the average American Consumer and how it affected the retail market for that period.

The manipulated positive economic numbers that were spread through the media between January 2021 until December 2024 sounded good, but the average American knew the reality of how bad inflation and economic uncertainty became and still is, considering forced lifestyle changes. The Covid lockdowns, looting, mandates, and out-of-control inflation caused an economic death blow to the U.S. Consumer.

Most Consumer retail spending is based on disposable income, and the decrease in buying power of disposable income was obvious as retail revenue decreased, and from that, more retail employee layoffs and ultimately store closures throughout the United States, as the examples below show.