Political Capital

Posts tagged: employment

Job seekers talk with Target Corp. employees during a hiring event at a new store in San Francisco, California.

Photograph by David Paul Morris/Bloomberg

Job seekers talk with Target Corp. employees during a hiring event at a new store in San Francisco, California.

Bloomberg by the Numbers: 7.2%

That’s how much higher the July unemployment rate was for people with less than a high school diploma than for people who have at least a bachelor’s degree. The jobless rate was 11 percent last month for those lacking a...

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The Financial District in New York City.

Photograph by Andrew Burton/Getty Images

The Financial District in New York City.

JPMorgan: Economy Can Run Only Half as Fast as Before

The long-run growth rate of the U.S. economy is about half of what it used to be, say economists at JPMorgan Chase & Co., as the country faces weaker population growth, lower labor-force participation and slower improvement in productivity. Potential...

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Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Photograph by Jonathan Alcorn/Bloomberg

Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Buying a House the Second Time Around — Or Third

Home sales are being propelled by a churn of repeat buyers. What’s needed now is for the economy to improve enough to draw in first-time buyers. Returning buyers had a 54 percent share of the market this June, up from...

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Job seekers wait in line to meet with employers at the 25th Annual CUNY big Apple Job and Internship Fair in New York City.

Photograph by Spencer Platt/Getty Images

Job seekers wait in line to meet with employers at the 25th Annual CUNY big Apple Job and Internship Fair in New York City.

Bloomberg by the Numbers: 335,500

That’s the average number of people applying for unemployment benefits in the past four weeks, the least since November 2007. About 333,000 people made first-time jobless claims in the week ended Aug. 3, compared with 328,000, 345,000 and 336,000 in...

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Job seekers wait to enter the Choice Career Fairs job fair in Arlington, Virginia.

Photograph by Andrew Harrer/Bloomberg

Job seekers wait to enter the Choice Career Fairs job fair in Arlington, Virginia.

Bloomberg by the Numbers: 136,000

That’s how many more discouraged workers there were in July than a year earlier. Last month there were 988,000 discouraged workers, defined as those not looking for a job because they don’t believe one is available, according to Labor Department...

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A waitress carries platters of food through the kitchen at a restaurant in Peoria, Illinois.

Photograph by Daniel Acker/Bloomberg

A waitress carries platters of food through the kitchen at a restaurant in Peoria, Illinois.

Retailers, Restaurants Accounted for Half of Employment Gain in July

Employers added 162,000 workers to their payrolls in July, the fewest in four months. The composition of the job growth is a bit more concerning. More than half of the increase in July employment occurred at retailers and restaurants and...

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Sarah Bloom Raskin, governor of the of the U.S. Federal Reserve, speaks during an open meeting of the Federal Reserve Board in Washington, D.C., in this Dec. 16, 2010 file photo.

Photograph by Joshua Roberts/Bloomberg

Sarah Bloom Raskin, governor of the of the U.S. Federal Reserve, speaks during an open meeting of the Federal Reserve Board in Washington, D.C., in this Dec. 16, 2010 file photo.

Women Taking Over U.S. Treasury

While Larry Summers may have voiced some doubts about women’s ability to excel in engineering and science, President Barack Obama and Treasury Secretary Jacob J. Lew clearly believe women are good at managing money. Big money. Like – the finances...

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Technician Dennis Sibley installs electrical systems cable in an Embraer SA Phenom 300 Light business jet at the company's executive jet manufacturing facility in Melbourne, Florida.

Photograph by Mark Elias/Bloomberg

Technician Dennis Sibley installs electrical systems cable in an Embraer SA Phenom 300 Light business jet at the company's executive jet manufacturing facility in Melbourne, Florida.

Bloomberg by the Numbers: 202,000

That’s how much nonfarm employment grew on average per month in the first half of 2013. That exceeds the average monthly job growth of 180,000 in the second half of 2012 and 185,000 in the first half of 2012. The...

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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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