Political Capital

Posts tagged: gross domestic product

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Photograph by Robyn Beck/AFP via Getty Images

A retiree attends a Senior Information & Resource Fair in South Gate, California.

Bloomberg by the Numbers: 26%

Federal spending is projected to rise to 26 percent of gross domestic product in 2039 from 21 percent in 2013, according to the Congressional Budget Office. Increased spending for Social Security, Medicare, Medicaid, children’s health programs and subsidies for medical...

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A tug boat moves the APL Singapore container ship to dock at the Port of Oakland in California.

Photograph by David Paul Morris/Bloomberg

A tug boat moves the APL Singapore container ship to dock at the Port of Oakland in California.

Bloomberg by the Numbers: 3.5%

The U.S. economy will expand at a 3.5 percent annualized rate in the second quarter, according to a median projection of economists. Gross domestic product fell at a 1 percent rate in the first quarter, according to revised Commerce Department...

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Auto mechanics at a small shop in the Queens borough of New York City.

Photograph by Andrew Burton/Getty Images

Auto mechanics at a small shop in the Queens borough of New York City.

Bloomberg by the Numbers: 95.2

The National Federation of Independent Business’s Small Business Optimism Index rose to 95.2 last month, a post-recession high. The index improved from 93.4 in March to its highest level since 2007, before a credit crisis took hold. While the NFIB...

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George Osborne, U.K. chancellor of the exchequer, during a Group-of-20 Finance Ministers and Central Bank Governors meeting in Sydney on Feb. 23, 2014.

Photograph by Ian Waldie/Bloomberg

George Osborne, U.K. chancellor of the exchequer, during a Group-of-20 Finance Ministers and Central Bank Governors meeting in Sydney on Feb. 23, 2014.

Bloomberg by the Numbers: $2 Trillion

The Group of 20 nations will develop “ambitious but realistic” policies to increase collective gross domestic product by more than $2 trillion, or 2 percent, above the current baseline for the next five years. While the U.S., United Kingdom, Japan...

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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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The Port of Oakland in California.

Photograph by David Paul Morris/Bloomberg

The Port of Oakland in California.

Bloomberg by the Numbers: 2%

That’s how much gross domestic product was projected to grow in the third quarter on an annualized basis, according to a Bloomberg survey of 69 economists before a report today. That would mean slower economic growth in July, August and...

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A customer browses at a Banana Republic LLC store in Los Angeles on Oct. 9, 2013.

Photograph by Patrick T. Fallon/Bloomberg

A customer browses at a Banana Republic LLC store in Los Angeles on Oct. 9, 2013.

Bloomberg by the Numbers: 0.3

That’s the percentage-point decrease in fourth-quarter gross domestic product that would result from a partial government shutdown lasting through Oct. 18, according to the median estimate in a Bloomberg survey of economists. The shutdown, which began Oct. 1, would cost...

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Congressional aides stand beneath a monitor displaying the U.S. national debt and listen as Ben S. Bernanke, chairman of the U.S. Federal Reserve, delivers his semi-annual monetary policy report in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

Congressional aides stand beneath a monitor displaying the U.S. national debt and listen as Ben S. Bernanke, chairman of the U.S. Federal Reserve, delivers his semi-annual monetary policy report in Washington, D.C.

Bloomberg by the Numbers: 2038

That’s the year that the federal debt is projected to reach 100 percent of gross domestic product. Federal debt held by the public is now about 73 percent of GDP, according to a Congressional Budget Office report yesterday. That’s already...

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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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