The most aggressive economic stimulus in the Federal Reserve’s 100-year history has the wheels turning for Detroit automakers. Cheaper borrowing costs and rising stock portfolio values are giving Americans the confidence to make big-ticket purchases. It’s welcome news for a...
Read more »Detroit Automakers Offer More Octane for Economy
Photograph by George Frey/Bloomberg
Engineers work on the graphite super structures of the science module section of the James Webb Space Telescope at Alliant Techsystems Inc.'s (ATK) Space Components Division in Magna, Utah.
Unemployment Claims Lowest Since November 2007
An unexpected decline in applications for jobless benefits last week indicates companies remain optimistic the economy will persevere after cooling in the second quarter. The average number of Americans filing first-time claims for unemployment benefits in the last four weeks dropped to the lowest...
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Photograph by Andrew Harrer/Bloomberg
House Speaker John Boehner, a Republican from Ohio, talks prior to an interview at the Capitol in Washington, D.C., on May 7, 2013.
Boehner: Slow Growth Can’t be ‘New Normal’
“We’ve had four years of slow and anemic job growth — and frankly, it’s unacceptable,” House Speaker John Boehner said today. The Ohio Republican attempted to turn the latest unemployment rate against the White House — 7.5 percent reported for...
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Photograph by Andrew Harrer/Bloomberg
A job seeker hands his resume to a recruiter at a National Career Fairs job fair in Arlington, Virginia.
Bank Lending = Company Hiring = Gains
When banks lend more readily, U.S. companies hire more readily. That explains why economists at UBS Securities LLC in Stamford, Connecticut, look for a pickup in employment this year and next. Using a model that compares current hiring with how...
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Job seekers wait to speak to representatives of employers at a job fair at the Jewish Community Center in Manhattan on March 6, 2013 in New York City.
March Job Openings Confirm Downshift
The Labor Department’s report on job openings today basically confirmed what we already knew — the job market cooled in March. The slowdown in payroll gains, however, reflected more than just less hiring as the report also showed firings picked...
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Photograph by Tomohiro Ohsumi/Bloomberg
A bitcoin.
Help Wanted: Bitcoin, 3-D Printing, Google Glass
Need a job? Try programming a gambling website that accepts the virtual currency Bitcoin, or creating computer blueprints of the objects that get printed on a 3-D printer. While last week’s Labor Department report showed U.S. job creation has been moderate at best,...
Read more »Jim DeMint’s Sugar-Free Taste of Immigration Bill: ‘Like Obamacare’
Jim DeMint this week will put a price tag on the Senate’s immigration bill. Bloomberg’s Heidi Przybyla reported he would last week. .@jimdemint: Proposed #immigration reform bill would cost U.S. trillions of dollars in the long term. #ThisWeek — This...
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Commuter passengers move through Penn Station on April 16, 2013 in New York City.
April Jobs Report: Caveats
At the risk of raining on Wall Street’s parade today after the Labor Department’s April employment report, there are some caveats in the data. Of the jobs added last month, many were in industries that typically don’t pay a lot. The average number...
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Photograph by Patrick Fallon/Bloomberg
An employee demonstrates how to prepare a room for guests at a hotel in Los Angeles, California.
Job Market Better-Looking in Rear-View Mirror
The more time government statisticians have to crunch the numbers, the stronger the job market looks — that is assuming you’re not looking to earn in the six figures. On March 8, the Labor Department said employers added 236,000 workers...
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Photograph by Natalie Behring/Bloomberg
A worker paints a refrigerated railcar in Portland, Oregon.
Data: Manufacturing Slump Less Than Meets the Eye
The most respected early read on the state of U.S. manufacturing in April came out today and showed factory activity cooled last month. The details of the data suggested the worst may already be over. The Institute for Supply Management,...
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Contributors
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Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
