Political Capital

Michelle Jamrisko

Contractors work on a retail and apartment building in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Contractors work on a retail and apartment building in Washington, D.C.

ADP Data Sets Off Scramble to Warm Up Payroll Estimates

A private survey of companies that showed the biggest jump in employment in more than a year has sent economists scrambling to revise their estimates for Friday’s December jobs report from the Labor Department. The 238,000 hiring increase tallied by...

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Pedestrians are reflected in a shop window advertising "Prime Retail Space Available" in New York, on July 24, 2013.

Photograph by Scott Eells/Bloomberg

Pedestrians are reflected in a shop window advertising "Prime Retail Space Available" in New York, on July 24, 2013.

Politics Blur Consumer Confidence: Influence of Measures Lessened

The American public’s views of the economy are increasingly colored by politics, making consumer sentiment a less reliable gauge of the outlook for the spending that drives growth. Self-identified Democrats and Republicans surveyed for the Bloomberg Comfort Index are showing...

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A sale sign at a retail store in the Georgetown neighborhood of Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

A sale sign at a retail store in the Georgetown neighborhood of Washington, D.C.

Slow Inflation: Warning Signal

Falling prices may sound good to the U.S. consumer, but Federal Reserve policy makers may be cringing at figures this morning showing that inflation has slipped further below their 2 percent target. The personal consumption expenditures price index, the Fed’s...

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Employees work on the wing of a Boeing Co. 787 Dreamliner during final assembly of the airplane at the Boeing Co. factory in Everett, Washington, on May 28, 2013.

Photograph by Patrick T. Fallon/Bloomberg

Employees work on the wing of a Boeing Co. 787 Dreamliner during final assembly of the airplane at the Boeing Co. factory in Everett, Washington, on May 28, 2013.

Payroll Gains, Inflation Concerns: Fed

Recent payroll gains, especially combined with depressed prices, still aren’t enough to break out the champagne and halt the Federal Reserve’s unprecedented stimulus, Boston Fed President Eric Rosengren said today. “While we have seen some improvement in labor market conditions,...

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Canadians were most upbeat, with 82 percent registering a “good” rating of their finances.

Photograph by Brent Lewin/Bloomberg

Canadians were most upbeat, with 82 percent registering a “good” rating of their finances.

Households Rate Their Finances Above Their Government’s

When it comes to making ends meet, consumers say they are doing a better job than their governments. Consumers around the world are more optimistic about their personal finances than those of their national economies, according to a 39-country survey...

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People stand behind a barricade while they wait to catch a glimpse of Britain's Prince Harry, who is expected to visit Casino Pier during a tour of the area hit by Superstorm Sandy, on May 14, 2013, in Seaside Heights, N.J.

Photograph by Julio Cortez/AP Photo

People stand behind a barricade while they wait to catch a glimpse of Britain's Prince Harry, who is expected to visit Casino Pier during a tour of the area hit by Superstorm Sandy, on May 14, 2013, in Seaside Heights, N.J.

Prince Harry: Jersey Shore Open for Business Post-Sandy

After the biggest Atlantic storm on record struck the New Jersey shore last October, Seaside Heights Mayor William Akers was asked repeatedly if the town would rebuild in time to welcome summer tourists. “Oh, no problem,”he’d reply. “The truth of the...

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A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.

Photograph by Scott Eells/Bloomberg

A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.

Behind the Growth: Manufacturing Lags

The lower-than-expected reading this morning for U.S. economic growth in the first quarter has revealed a few victims even as growth picked up — among them, factories.   “Manufacturing activity remains weak relative to the larger economy,” in part due...

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Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.

Photograph by Ty Wright/Bloomberg

Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.

Home-buying? Forgo College

If you want to own a house, it may pay to be less educated. Homeownership rates among 30-year-olds with student debt plunged in 2012 more than for those without, according to an analysis published today by researchers at the New...

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