Political Capital

Posts tagged: economy

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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Federal Reserve chairman Ben Bernanke arrives for a family photo of finance ministers and central bank governors following the G20 meeting at the 2013 World Bank/IMF Spring meetings in Washington on April 19, 2013.

Photograph by Nicholas Kamm/AFP via Getty Images

Federal Reserve chairman Ben Bernanke arrives for a family photo of finance ministers and central bank governors following the G20 meeting at the 2013 World Bank/IMF Spring meetings in Washington on April 19, 2013.

Fed on U.S. Growth: Don’t Blame Us

The Federal Reserve made it clear in describing the U.S. economy today that any fault for this year’s sluggish expansion lies outside the central bank. “Fiscal policy is restraining economic growth,” the Federal Open Market Committee said, with a more direct message than...

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Employees load a washer and dryer into customer's car at the loading docks of Nebraska Furniture Mart in Omaha, Neb.

Photograph by Nati Harnik/AP Photo

Employees load a washer and dryer into customer's car at the loading docks of Nebraska Furniture Mart in Omaha, Neb.

Bloomberg by the Numbers: 2.5%

That’s the annualized rate at which the U.S. economy grew in the first quarter, according to an estimate by the Commerce Department’s Bureau of Economic Analysis. The figure refers to the rise in the gross domestic product — the value...

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Customers try out mattresses in the showroom of an Ikea store in the Brooklyn borough of New York.

Photograph by Victor J. Blue/Bloomberg

Customers try out mattresses in the showroom of an Ikea store in the Brooklyn borough of New York.

Bloomberg by the Numbers: -29.2

That’s the Bloomberg Consumer Comfort Index in the week ended April 14, the highest since January 2008. The index, which asks U.S. consumers for their views on the economy, buying climate and personal finances, rose 4.8 points from minus 34...

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Pedestrians carry shopping bags on Fifth Avenue in New York.

Photograph by Victor J. Blue/ Bloomberg

Pedestrians carry shopping bags on Fifth Avenue in New York.

Americans Critical of Economic Stewardship — Though Less So

The grades are still low, but they’re better than last year. While Washington policy makers are being blamed for sequestration and the budget impasse, Americans this year are registering improving confidence in their leaders’ ability to “do or to recommend...

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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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EU Council president Herman Van Rompuy, right, and States Secretary of Treasury Jack Lew arrive to give a press conference following a working session on April 8, 2013 at the EU Headquarters in Brussels.

Photograph by Georges Gobet/AFP via Getty Images

EU Council president Herman Van Rompuy, right, and States Secretary of Treasury Jack Lew arrive to give a press conference following a working session on April 8, 2013 at the EU Headquarters in Brussels.

Lew in Europe: Call Me Jack

Call it diplomatic speed-dating. Treasury Secretary Jacob J. Lew, on his first trip to Europe since taking office five weeks ago, is getting to know a lot of the region’s top economic officials very quickly. Lew arrived in Brussels this...

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