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    May 21, 2013 |Column| Los Angeles Times
  1. Why the medical device tax needs to stay

    The chief drawback of a law as complex as the Affordable Care Act, the health insurance reform measure passed in 2010, is that it provides self-interested opponents a multitude of places to stick a wedge in and hammer away.
    The chief drawback of a law as complex as the Affordable Care Act, the health insurance reform measure passed in 2010, is that it provides self-interested opponents a multitude of places to stick a wedge in and hammer away. But you'd be hard-pressed...

    Tags: U.S. Congress, Politics, Al Franken, Dwayne Johnson, Amy Klobuchar

  2. May 20, 2013 |Story| Los Angeles Times
  3. Higher consumer spending will offset sequester cuts, economists say

    WASHINGTON -- Consumers will help keep economic growth on track this year, as new projections of their spending indicate it will offset the hit to the recovery from the federal government's automatic budget cuts, a panel of economists said Monday.
    WASHINGTON -- Consumers will help keep economic growth on track this year, as new projections of their spending indicate it will offset the hit to the recovery from the federal government's automatic budget cuts, a panel of economists said Monday. The...

    Tags: Politics, Government, National Government, Consumers, Labor Markets

  4. May 17, 2013 |Story| AP Member Choice Complete
  5. Stocks close higher on hopeful signs for the economy

    Encouraging news about the U.S. economy extended the stock market's rally Friday.
    Encouraging news about the U.S. economy extended the stock market's rally Friday. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily...

    Tags: Charles Schwab, Manufacturing and Engineering, JC Penney Company Inc., Media Industry, Automotive Equipment

  6. May 16, 2013 |Story| Los Angeles Times
  7. Initial jobless claims jump to 360,000, most since March

    WASHINGTON -- Initial jobless claims unexpectedly jumped to a six-week high of 360,000 last week after declining to a post-recession low this month, the Labor Department said Thursday.
    WASHINGTON -- Initial jobless claims unexpectedly jumped to a six-week high of 360,000 last week after declining to a post-recession low this month, the Labor Department said Thursday. The number of people filing for the first-time for unemployment...

    Tags: Easter, Unemployment Benefits, Career and Workplace, Employment, Unemployment Rate

  8. May 15, 2013 |Story| Los Angeles Times
  9. France tumbles into double-dip recession

    PARIS -- Beleaguered French President Francois Hollande suffered a further setback in his attempts to pull France out of its economic slump after official figures showed Wednesday that the country has entered a double-dip recession.
    PARIS -- Beleaguered French President Francois Hollande suffered a further setback in his attempts to pull France out of its economic slump after official figures showed Wednesday that the country has entered a double-dip recession. Figures released by...

    Tags: Francois Hollande, France, European Union, Japan

  10. May 14, 2013 |Story| Los Angeles Times
  11. Federal deficit shrinks at surprising rate

    WASHINGTON &mdash; The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the <a href="http://www.cbo.gov/publication/44172">Congressional Budget Office said</a> Tuesday in a report that could strengthen the Obama administration's hand in the budget battles with congressional Republicans.
    WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

    Tags: U.S. Congress, Politics, Barack Obama, Congressional Budget Office, Gross Domestic Product

  12. May 13, 2013 |Story| Los Angeles Times
  13. Cars, home improvement give April retail sales a boost

    Spring&rsquo;s arrival late in April gave retail sales a light boost as Americans emerged from hibernation to spend on cars, gardening goods and building supplies.
    Spring’s arrival late in April gave retail sales a light boost as Americans emerged from hibernation to spend on cars, gardening goods and building supplies. From March to April, sales rose a slight 0.1% after declining a revised 0.5% from...

    Tags: Home Improvement, Petroleum Industry, Services and Shopping, National Retail Federation, Vehicles

  14. May 9, 2013 |Story| Los Angeles Times
  15. Initial jobless claims drop more than expected

    Initial jobless claims continued to decline last week in another hopeful sign that the labor market is improving.
    Initial jobless claims continued to decline last week in another hopeful sign that the labor market is improving. The number of people filing for unemployment benefits for the first time fell to a seasonally adjusted 323,000 last week, down 4,000 from...

    Tags: Unemployment Benefits, Career and Workplace, Employment, Unemployment Rate, Employment Opportunities

  16. May 3, 2013 |Story| Los Angeles Times
  17. Jobs report spurs Dow beyond 15,000 for the first time

    NEW YORK -- It&rsquo;s only a few days into May, but already investors have seen one surprise after another, as the Dow Jones industrial average passed 15,000 for the first time Friday on the strength of a better-than-expected jobs report.
    NEW YORK -- It’s only a few days into May, but already investors have seen one surprise after another, as the Dow Jones industrial average passed 15,000 for the first time Friday on the strength of a better-than-expected jobs report. The S&P 500,...

    Tags: Stock Market, Economy, Business and Finance, Federal Reserve, Finance, Kraft Foods Group, Inc.

  18. May 2, 2013 |Story| Los Angeles Times
  19. Initial jobless claims drop to more than five-year low of 324,000

    WASHINGTON -- Initial jobless claims dropped last week to their lowest level in more than five years, countering recent signals that the economic recovery is slowing.
    WASHINGTON -- Initial jobless claims dropped last week to their lowest level in more than five years, countering recent signals that the economic recovery is slowing. The number of people filing for the first time for unemployment benefits fell to 324,...

    Tags: Unemployment Benefits, Automatic Data Processing, Inc., Unemployment, Career and Workplace, Layoffs and Downsizing

  20. Apr 30, 2013 |Story| Los Angeles Times
  21. Consumer confidence rebounded in April, Conference Board says

    WASHINGTON -- Consumer confidence rebounded in April as Americans felt better about the economy's short-term prospects and their own incomes, the Conference Board said Tuesday.
    WASHINGTON -- Consumer confidence rebounded in April as Americans felt better about the economy's short-term prospects and their own incomes, the Conference Board said Tuesday. The group's Consumer Confidence Index rose to 68.1 this month after dropping...

    Tags: Virgin Group, Ltd., Consumer Confidence, Consumers

  22. Apr 26, 2013 |Story| Los Angeles Times
  23. Economic growth, at 2.5%, falls below expectations

    WASHINGTON -- The pace of economic growth picked up in the first quarter, but not nearly as fast as many analysts had forecast -- an unwelcome sign given other recent indicators that the recovery is losing some steam and further government spending cuts loom.
    WASHINGTON -- The pace of economic growth picked up in the first quarter, but not nearly as fast as many analysts had forecast -- an unwelcome sign given other recent indicators that the recovery is losing some steam and further government spending cuts...

    Tags: Weather Reports, Productivity, Quarterly or Semiannual Financial Statements, Gross Domestic Product, Weather

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Economic Indicator Photos
Consumer confidence is at its lowest level in five mont...
(December 14, 2012)
Consumer confidence falls
Consumer confidence has perked up in recent months. Abo...
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Consumer confidence has perked up in recent months. Above, customers Russell and Maggie Love make purchase with sales associate Kevin Kanifati  at a Sears store in Torrance, Calif.
Consumer spending made its biggest jump in five months...
(August 30, 2012)
Consumer spending improves in July