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Los Angeles Times

Jim Puzzanghera

Writer

Jim Puzzanghera writes about business and economic issues from the Times’ Washington, D.C., bureau. He joined The Times in 2006 and won the paper’s Editor’s Award in 2009 for coverage of the financial crisis. He has worked in the nation’s capital since 1998 and is a two-time National Press Club award winner for Washington coverage. A Northwestern University graduate, he previously worked for the San Jose Mercury News, Newsday and the St. Petersburg Times.

Recent Articles

  • Federal Reserve sends record $97.7-billion profit to Treasury

    Federal Reserve sends record $97.7-billion profit to Treasury

    The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury as the central bank's vast holdings of mortgage-backed securities and other investments continued to produce a bumper crop of interest income. On top of that, the Fed said it sent an additional $19.3...

  • U.S. adds 292,000 to payrolls in December

    U.S. adds 292,000 to payrolls in December

    Global stock markets have been tumbling, China's economic growth appears to be slowing faster than expected and many key world economies are struggling.But new data show the U.S. job market is getting stronger.The Labor Department said Friday that the nation added 292,000 net new positions in December,...

  • Five takeaways from the strong U.S. jobs report

    Five takeaways from the strong U.S. jobs report

    Despite a slowing global economy, the U.S. jobs market showed surprising strength last month. The nation added 292,000 net new jobs, the Labor Department said Friday, exceeding analyst expectations. The unemployment rate held steady at 5%, the lowest level since early 2008. Here are five key takeaways....

  • Fed's rate hike was a 'close call' for some policymakers, meeting minutes show

    Fed's rate hike was a 'close call' for some policymakers, meeting minutes show

    The Federal Reserve's decision to raise a key interest rate last month for the first time in nearly a decade was a "close call" for some policymakers, who were concerned that inflation remained well below the central bank's desired level, according to minutes of their meeting released Wednesday....

  • Private-sector hiring accelerated in December to 257,000, ADP says

    Private-sector hiring accelerated in December to 257,000, ADP says

    Companies accelerated their hiring in December, adding a robust 257,000 net new jobs in a sign that the labor market finished last year strong, according to a report Wednesday from payroll firm Automatic Data Processing. The job growth figure exceeded analyst expectations. It was the most net new...

  • Five economic fears behind the Chinese stock slide that shook world markets

    Five economic fears behind the Chinese stock slide that shook world markets

    For the second time in less than six months, concerns about China’s rocky transition from an export-fueled industrial nation to a more mature developed economy have rattled global financial markets. The trouble began Monday when a private report showed a slowdown in China’s manufacturing sector...

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