Reade Pickert

Government, Business

Manufacturing Output Rose More Than Forecast in December

An assembly line for parts to be installed into ultra low temperature freezers is seen in Ohio in December 2020. An assembly line for parts to be installed into ultra low temperature freezers is seen in Ohio in December 2020. (Ty Wright/Bloomberg News)

Production at U.S. manufacturers increased in December by more than projected, marking an eighth straight month of gains as steady yet more moderate demand growth and lean inventories continue to power the sector’s recovery.

Reade Pickert | Bloomberg News
January 15, 2021
Government, Business

US Core Consumer-Price Gauge Cools Slightly From Prior Month

Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. (Luke Sharrett/Bloomberg News) Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. (Luke Sharrett/Bloomberg News)

A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.

Reade Pickert | Bloomberg News
January 13, 2021
Government, Business

Initial Jobless Claims Remain Elevated Heading Into 2021

A worker removes chairs from the outdoor dining tent of a restaurant in New York. (Angus Mordant/Bloomberg News) A worker removes chairs from the outdoor dining tent of a restaurant in New York. (Angus Mordant/Bloomberg News)

Applications for U.S. state unemployment benefits were little changed at elevated levels in the final week of 2020, indicating the labor market remains battered with the pandemic dragging on.

Reade Pickert | Bloomberg News
January 7, 2021
Government, Business

US Manufacturing Gauge Expands at Fastest Pace Since 2018

A worker places a sole on a leather boot at a factory in Omaha, Neb. (Luke Sharrett/Bloomberg News) A worker places a sole on a leather boot at a factory in Omaha, Neb. (Luke Sharrett/Bloomberg News)

A measure of U.S. manufacturing expanded in December at the fastest pace in more than two years, bolstered by a pickup in new orders and the strongest growth in production since 2011.

Reade Pickert | Bloomberg News
January 5, 2021
Government, Business

US Factory Output Rises More Than Forecast on Auto Production

Workers making ventilators Carlos Osorio/Associated Press

U.S. manufacturing output rose by more than forecast in November thanks to a boost in auto production, helping factories continue to rebound toward their pre-pandemic capacity and strength.

Reade Pickert | Bloomberg News
December 15, 2020
Government, Business

Jobs Recovery Slows as Virus Rages, Boosting Aid Chances

A warehouse worker wears a protective mask. (Olivia Obineme/Bloomberg News) A warehouse worker wears a protective mask. (Olivia Obineme/Bloomberg News)

The U.S. labor market rebound slowed markedly in November, indicating the surge in COVID-19 cases is hitting workers and curbing the broader economic recovery as the unemployment rate edged down to 6.7%

Reade Pickert | Bloomberg News
December 4, 2020
Government, Business

US Economy Expands at Record 33.1% Pace After COVID Plunge

A worker uses a forklift to move packages at a facility in Baltimore. A worker uses a forklift to move packages at a facility in Baltimore. (Andrew Harrer/Bloomberg News)

The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending — reversing much of the collapse stemming from coronavirus lockdowns.

Reade Pickert | Bloomberg News
October 29, 2020
Government, Business, Equipment

Durable Goods Orders Slow While Business Investment Remains Sturdy

A customer views a refrigerator displayed for sale at an appliance story in San Jose, Calif. A customer views a refrigerator displayed for sale at an appliance story in San Jose, Calif. (David Paul Morris/Bloomberg News)

U.S. orders for durable goods increased in August at a slower pace than expected, restrained by declines in bookings for motor vehicles and military equipment, though a gauge of business investment rose more than forecast.

Reade Pickert | Bloomberg News
September 25, 2020
Government, Business

Job Losses Persist as Claims Come in Higher Than Forecast

Initial jobless claims came in higher than forecasted on Sept. 10. A worker cleans a plexiglass shield at a pizza restaurant in San Francisco. (David Paul Morris/Bloomberg News)

Applications for U.S. state unemployment benefits held steady last week, a sign extensive job losses are persisting as the nation struggles to control the coronavirus.

Reade Pickert | Bloomberg News
September 10, 2020
Government, Business, Safety

Unemployment Rate Drops by More Than Expected to 8.4%

The unemployment rate in August fell by more than expected. An employee sanitizes the credit card machine at a store in Oak Park, Mich. (Emily Elconin/Bloomberg News)

The U.S. labor-market rebound extended for a fourth month in August, offering hope that the economy can continue to recover despite a persistent pandemic and Washington’s standoff over further government aid to jobless Americans and small businesses.

Reade Pickert | Bloomberg News
September 4, 2020

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