Political Capital

Posts tagged: unemployment


The Port of Baltimore in Maryland, which could be part of the strike on Dec. 29.

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...

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Employees install flooring on the main deck of pontoon boats on the assembly line at the Nautic Global Group production facility in Elkhart, Indiana.

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...

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Potential buyers view a new home under construction in South Barrington, Illinois.

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...

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People fill gas cans at a Sunoco Inc. station in Bloomfield, New Jersey, after superstorm Sandy.

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...

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William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.

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...

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Job applicants wait to meet potential employers at the NYC Startup Job Fair held at 7 World Trade Center in New York City.

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...

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Workers build a wing tip for a C-5 cargo plane at the CPI Aerostructures Inc. manufacturing facility in Edgewood, New York.

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...

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A couple with their dog play music aimed to get tips on a foot-over-bridge along the Las Vegas Strip.

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...

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An Secret Service agent stands lookout as Mitt Romney delivers remarks at a victory rally Lebanon, Ohio, on Oct. 13, 2012.

Photograph by Jim Watson/AFP via GettyImages

An Secret Service agent stands lookout as Mitt Romney delivers remarks at a victory rally Lebanon, Ohio, on Oct. 13, 2012.

Morning in Ohio: 7% Unemployment

The unemployment rate in Ohio — the state that has voted the way the nation has in 12 consecutive presidential elections — slid a couple of notches to 7 percent in September. That’s the word from the Labor Department today....

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