That’s how much economists predict the U.S. GDP will expand in 2013, according to the median of 86 projections compiled by Bloomberg. Growth will slow down from 2.2 percent in 2012, as the federal government seeks to rein in its...
Read more »
Photograph by Sam Hodgson/Bloomberg
Workers build a house in Rancho Santa Fe, California.
Bloomberg by the Numbers: 2%
Tech Helps Give West Best U.S. Job Growth
Gary Schlossberg, an economist at Wells Fargo in San Francisco, doesn’t have to look far to see how the innovation and entrepreneurship in California are helping the West lead the nation’s job growth. “Tech certainly is a driver,” Schlossberg said...
Read more »
Photograph by Rich Clement/Bloomberg
The Port of Baltimore in Maryland, which could be part of the strike on Dec. 29.
Obama Dilemma: Anger Union Allies or Aggravate Cliff’s Recession
If faced with a choice between invoking a law union leaders once called the “slave-labor bill,” or aggravating a recession by allowing shipments of clothing, auto parts and other goods to stop at ports from Maine to Texas at the...
Read more »
Photograph by Ty Wright/Bloomberg
Employees install flooring on the main deck of pontoon boats on the assembly line at the Nautic Global Group production facility in Elkhart, Indiana.
Jobless Rate Slides to 7.7 % — Year-End Bonus for White House
By the numbers, the news keeps getting better for the White House. First, it was a slide in the nation’s unemployment rate to just below 8 percent just before President Barack Obama stood for re-election. Now, it’s another couple of...
Read more »
Photograph by Daniel Acker/Bloomberg
Potential buyers view a new home under construction in South Barrington, Illinois.
Fed Boosts Housing, Housing Boosts Fed — Repeat
One hand washes the other. The Federal Reserve’s record stimulus is starting to lift the U.S. housing market out of the basement. And the boost in home prices is poised to start giving the broader economy a bigger push, rather...
Read more »
Photograph by Emile Wamsteker/Bloomberg
People fill gas cans at a Sunoco Inc. station in Bloomfield, New Jersey, after superstorm Sandy.
Payrolls Unscathed by Ho Ho Strike — Superstorm Sandy Another Matter
The strike that triggered the bankruptcy of Hostess Brands Inc., the baker of Twinkies and Wonder bread, is not showing up in government data, which means it will probably not depress U.S. November payrolls to be reported next week. There...
Read more »
Photograph by Stephen Yang/Bloomberg
William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.
Fed Hints at More Bond Buying in ’13
Written with Caroline Salas Gage A Federal Reserve policy maker added to hints that the central bank will continue Treasury purchases into 2013 when officials gather for their last meeting of this year. Federal Reserve Bank of New York President...
Read more »
Photograph by John Moore/Getty Images
Job applicants wait to meet potential employers at the NYC Startup Job Fair held at 7 World Trade Center in New York City.
Washington Daybook: Show Stopper
Mitt Romney might be forgiven for rooting against the U.S. economy today. Unemployment probably rose from three-year low in October as employers curbed hiring on the concern that growth will suffer if lawmakers fail to avert tax increases and spending...
Read more »
Photograph by Victor J. Blue/Bloomberg
Workers build a wing tip for a C-5 cargo plane at the CPI Aerostructures Inc. manufacturing facility in Edgewood, New York.
Economic Indicators at Election Eve — White House: `Right Direction’
Updated at 10:45 am EDT Gross domestic product up. Unemployment down. Housing starts up. Consumer confidence up. With one more federal report on employment to come the Friday before Election Day, Nov. 6. All told, a series of indicators on...
Read more »
Photograph by Jewel Samad/AFP via Getty Images
A couple with their dog play music aimed to get tips on a foot-over-bridge along the Las Vegas Strip.
Bloomberg by the Numbers: 6.6
That’s the percentage-point difference between the September unemployment rates of Iowa and Nevada. The two states have the lowest and highest rates respectively among the nine states where President Barack Obama and Republican nominee Mitt Romney are devoting most of their...
Read more »
Contributors
-
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.
