Political Capital

Posts tagged: unemployment

A trader on the floor of The New York Stock Exchange on March 5, 2013. The Dow Jones industrial average rallied to a record high on Tuesday to close for the day at 14,253.77, beating its old 2007 record.

Photograph by Spencer Platt / Getty Images

A trader on the floor of The New York Stock Exchange on March 5, 2013. The Dow Jones industrial average rallied to a record high on Tuesday to close for the day at 14,253.77, beating its old 2007 record.

Bloomberg by the Numbers: 65

  That’s how many months it took for the Dow Jones Industrial Averageto top its previous closing record. The Dow, a price-weighted average of 30 blue-chip stocks, rose 125.95 points to close yesterday at 14,253.77, rising above the previous closing...

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President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Photograph by Jewel Samad/AFP via Getty Images

President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.

Comparing Central Banks to Medieval Bloodletter

With Jeff Kearns The Federal Reserve’s zero-interest-rate policy has inspired plenty of criticism from investors, who say low rates punish savers and risk inflation. But comparing Fed Chairman Ben S. Bernanke and other central bankers to a medieval barber played...

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A customer loads a television in San Francisco.

Photograph by David Paul Morris/Bloomberg

A customer loads a television in San Francisco.

Bloomberg by the Numbers: -36.3

That’s the Bloomberg Consumer Comfort Index for the week ended Feb. 3. The index — which measures consumers’ opinions about the national economy, the buying climate and their personal finances — rose from minus 37.5 a week earlier, marking the first...

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Job seekers at a job fair in Southfield, Michigan.

Photograph by Paul Sancya/AP Photo

Job seekers at a job fair in Southfield, Michigan.

White House Warns of ‘Self-Inflicted’ Wounds for a Recovering Economy

The White House is taking today’s employment report as a sign that the economy is healing from “the wounds inflicted” by the worst downturn since the Great Depression, while warning Congress against creating any “self-inflicted wounds.” Such as the looming...

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Contractors lay down flooring at a construction site in Lorton, Virginia.

Photograph by Andrew Harrer/Bloomberg

Contractors lay down flooring at a construction site in Lorton, Virginia.

Obama’s Economy: Timing Everything

Timing is everything. Before Election Day, it was reported that the nation’s unemployment fell below 8 percent for the first time in nearly four years. After Inauguration Day, it’s reported that  the economy contracted, with the nation’s gross domestic product...

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District of Columbia Mayor Vincent Gray in this file photo.

Photograph by Mandel Ngan/AFP via Getty Images

District of Columbia Mayor Vincent Gray in this file photo.

Washington’s Mayor Sees Bright Side

Washington Mayor Vincent Gray, who is under investigation for allegations of misusing campaign funds, was upbeat and optimistic about his tenure over lunch at the Georgetown Ritz Carlton. Gray was the guest and interview subject of Washingtonian editor-at-large Carol Joynt...

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A "now hiring" sign at a Chase bank branch in San Rafael, California.

Photograph by Justin Sullivan/Getty Images

A "now hiring" sign at a Chase bank branch in San Rafael, California.

Unemployment 8% Mid-January: Gallup

When it comes to work, there are indicators and then there are indicators. The Labor Department won’t report on the state of the U.S. job market this month until the first Friday in February. Gallup, which conducts its own survey...

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An employee grinds down the metal on an oil tank in Bremen, Ohio.

Photograph by Ty Wright/Bloomberg

An employee grinds down the metal on an oil tank in Bremen, Ohio.

Election-Year Closing: 7.8% Jobless

The election year closed with a jobless rate under 8 percent, a four-year low. The dip below 8 percent just before President Barack Obama’s re-election helped fulfill the White House’s narrative of a reviving economy, albeit a slow recovery. The...

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