Political Capital

Sho Chandra

Employee Francis Wallers installs a support for a wind skirt beneath a semi trailer at the Wabash National Corp. facility in Lafayette, Indiana, on July 22, 2013.

Photograph by Daniel Acker/Bloomberg

Employee Francis Wallers installs a support for a wind skirt beneath a semi trailer at the Wabash National Corp. facility in Lafayette, Indiana, on July 22, 2013.

Payrolls Tell Truer Story Than U.S. Growth Data

Figures for growth show the U.S. economy is in the doldrums. The job market looks much stronger. There’s obviously a disconnect. Economists are betting the employment versus GDP toss-up will go in favor of the labor market, where the improvement...

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Workers assemble American Giant sweatshirts inside the SFO Apparel Co. in Brisbane, California, on May 1, 2013.

Photograph by David Paul Morris/Bloomberg

Workers assemble American Giant sweatshirts inside the SFO Apparel Co. in Brisbane, California, on May 1, 2013.

Productivity Cooling as U.S. Awaits Next Big Thing

If you were only looking at productivity data, you’d assume the U.S. was still in an economic slump. Employee output per hour grew at an average 0.7 percent annual rate over the past 12 quarters, which economists at JPMorgan Chase...

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A job seeker holds his briefcase while waiting to see recruiters at a job fair in New York.

Photograph by Jin Lee/Bloomberg

A job seeker holds his briefcase while waiting to see recruiters at a job fair in New York.

State, Local Gov’ts: Help Wanted

News on the government front isn’t all bad, says Jonathan Basile, an economist at Credit Suisse in New York. Take today’s Labor Department figures, which showed job openings at state and local government agencies posted the fourth straight monthly gain...

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Employees hand off new Apple Inc. iPhone 5 devices at a store in San Francisco.

Photograph by David Paul Morris/Bloomberg

Employees hand off new Apple Inc. iPhone 5 devices at a store in San Francisco.

Retail Sales Jump in U.S. Extends Beyond IPhone

Americans bought millions of Apple Inc.’s iPhone 5 in September, one reason consumer spending bounced back last month. Retail sales advanced 1.1 percent after rising 1.2 percent in August, the strongest back-to-back showing since late 2010, according to a Commerce...

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Shoppers at a Costco Wholesale Corp. warehouse in New York.

Photograph by Victor J. Blue/Bloomberg

Shoppers at a Costco Wholesale Corp. warehouse in New York.

Workers in U.S. Face Stagnant Incomes and Cooling Job Prospects

As if the sluggish job market weren’t bad enough, Americans have one more thing to worry about: stagnant wages. Average hourly earnings barely budged in August compared to July and rose just 1.7 percent from a year ago, matching the smallest gain since records began in...

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