Jack Kleinhenz

Chief Economist

Jack Kleinhenz, Ph.D., CBE is the chief economist for the National Retail Federation, the world’s largest retail trade association.

As a professional economist with more than 35 years of experience working with Fortune 500 companies, banking firms, regulators, planners, universities, airports, manufacturers, chambers of commerce, trade associations, nonprofit organizations and state and local government agencies, Kleinhenz is known for translating economics into clear and concise explanations and action. He is a Certified Business Economist (CBE) in business economics and data analytics. 

A frequent speaker on business and economic issues, Kleinhenz is regularly called upon for his expertise by the local, national and international media. These include The Financial Times, Bloomberg News, CNBC, Fox News, National Public Radio, The Wall Street Journal, USA Today and The Washington Post.

Formerly with the Federal Reserve Bank of Cleveland, Kleinhenz is a contributing forecaster to The Wall Street Journal, CNBC, Federal Reserve Bank of Chicago and the Federal Reserve Bank of Philadelphia. He also participates as a panelist for NABE’s Economic Outlook, Business Conditions and Policy surveys. He is a past president of the National Association for Business Economics, the largest international association of applied economists, strategists, academics, and policymakers committed to the application of economics.

Kleinhenz serves as a board director to the National Bureau of Economic Research, the nation's leading nonprofit economics research organization. Appointed by the U.S. Secretary of Labor, Kleinhenz has served as a member of the Bureau of Labor Statistics Data Users Advisory Committee. He is a member of The Conference Board Consumer Dynamics Center Advisory Board, the University Hospitals of Cleveland Investment Management Committee and the Governor of Ohio’s Council of Economic Advisors. 

He also serves as principal and chief economist of Kleinhenz & Associates, an economic, financial consulting and wealth management firm headquartered in Cleveland, as well as adjunct professor of economics at Case Western Reserve University’s Weatherhead School of Management. A graduate of John Carroll University, he earned his M.A. and Ph.D. in Economics from the University of Notre Dame.

Authored by Kleinhenz

Monthly Economic Review: January 2022
Shopping with mask
The economy is currently managing through another COVID-19 winter, exacerbated by the rapid transmission of omicron.
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Monthly Economic Review: December 2021
Now that we’re in December, the holiday shopping season is nearing the finish line.
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Monthly Economic Review: November 2021
Image of business person examining data
With rapid and unpredictable fluctuations of unprecedented size, the COVID-19 pandemic has posed substantial challenges.
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Monthly Economic Review: October 2021
Consumer spending
The COVID-19 situation has been a significant factor impacting the direction of the economy.
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Monthly Economic Review: September 2021
Consumer spending is currently far above pre-pandemic levels thanks to unprecedented monetary and fiscal policies.
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Monthly Economic Review: August 2021
Most economic measurements have returned to pre-pandemic levels, but employment has lagged with 7 million fewer workers.
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