Political Capital

Posts tagged: employment

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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Pork sausage sandwiches assembled at a factory in Simpsonville, Kentucky.

Photograph by Luke Sharrett/Bloomberg

Pork sausage sandwiches assembled at a factory in Simpsonville, Kentucky.

Mamas Don’t Let Your Babies Grow Up to Be Factory Workers

Economists say manufacturing is poised for liftoff, and U.S. Bureau of Labor Statistics projections support the outlook. The sunny predictions don’t extend to factory employment. Manufacturing output is expected to grow by $1.2 trillion, or 2.4-percent per year, between 2012...

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U.S. Speaker of the House Rep. John Boehner (R-OH) walks to the House Chamber for a vote on October 16, 2013 in Washington, DC.

Photograph by Alex Wong/Getty Images

U.S. Speaker of the House Rep. John Boehner (R-OH) walks to the House Chamber for a vote on October 16, 2013 in Washington, DC.

Boehner: Obamacare More of a Problem than a Solution

Updated at 10:18 am EDT The war on Obamacare goes on: With word about September’s employment gains out this morning — word delayed by the 16-day partial government shutdown over a Republican bid to block the president’s health-care program —...

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Janet Yellen listens as  President Barack Obama speaks during a press conference to nominate her to head the Federal Reserve in the State Dining Room at the White House on October 9, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images)

Janet Yellen listens as President Barack Obama speaks during a press conference to nominate her to head the Federal Reserve in the State Dining Room at the White House on October 9, 2013 in Washington, DC.

Yellen: Economy ‘Farther to Go’

Janet Yellen, President Barack Obama’s nominee to run the Federal Reserve, pledged today to pursue policies that will promote employment while keeping inflation in check for an economy that has “farther to go.” “The past six years have been tumultuous...

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Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and House Minority Leader Nancy Pelosi, a Democrat from California, speak to the media after a meeting with President Barack Obama at the White House in Washington, D.C., on Oct. 2, 2013.

Photograph by Andrew Harrer/Bloomberg

Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and House Minority Leader Nancy Pelosi, a Democrat from California, speak to the media after a meeting with President Barack Obama at the White House in Washington, D.C., on Oct. 2, 2013.

Shutdown Journal: Day 3

Updated at 10:51 am through 2:55 pm EDT With Lisa Lerer reporting from the White House, Terry Atlas from the Senate House Speaker John Boehner has been telling fellow Republicans that he won’t allow the U.S. to default on its...

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People come out from a building with their hands up after a shooting happened at the Washington Navy Yard on September 16, 2013 in Washington, DC.

Photograph by Alex Wong/Getty Images

People come out from a building with their hands up after a shooting happened at the Washington Navy Yard on September 16, 2013 in Washington, DC.

White House: Mass Shootings Not ‘New Normal’ — What is Then?

Mass shootings are not “the new normal.” At least not in President Barack Obama’s eyes, the White House press secretary says. “He doesn’t accept this as the new normal,” Jay Carney told reporters today. The shooting deaths of 12 people...

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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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