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Economic Recovery
Private-sector hiring disappointing in May, ADP says
June 5, 2013
Associated PressA private survey shows U.S. businesses added just 135,000 jobs in May, the second straight month of weak gains.
MoreAverage household far from regaining wealth, study says
May 31, 2013
Associated PressThe average U.S. household has regained less than half the wealth it lost to the Great Recession, a report released Thursday
by the Federal Reserve Bank of St. Louis concluded.
MoreU.S. unemployment aid applications show decline
May 23, 2013
Associated PressJobless claims are showing gradual improvement, but for hiring to strengthen enough to lower the unemployment rate to a more
normal level, companies must gain more confidence in the economy.
MoreUnemployment rate hits 4-year low as economy adds 165K jobs
May 3, 2013
Associated PressThe only sectors of the economy that cut jobs last month were construction and government.
MoreStocks head lower on tepid U.S. economic growth
April 26, 2013
Associated PressSeveral companies, including Amazon.com, released weak earnings Friday and the government reported that the U.S. economy expanded
at a slower rate in the first quarter than economists were expecting.
MoreU.S. companies post more jobs, but fill them slowly
April 9, 2013
Associated PressEconomists point to several likely reasons for the disparity between a surge in job openings but only a modest rise in hiring.
MoreWeekly unemployment-aid applications fall
March 7, 2013
Associated PressThe number of Americans seeking unemployment aid fell to a seasonally adjusted 340,000 last week, driving down the four-week
average to its lowest level in five years.
MoreU.S. unemployment rate remains at 7.8 percent
January 4, 2013
Associated PressU.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during the tense negotiations to resolve
the fiscal cliff.
MoreStocks plunge after election, and as Europe woes deepen
November 7, 2012
Associated PressThe Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered
steadily in the afternoon, but slid into the close and ended down 313, its biggest point drop since this time last year.
MoreIU economists predict more of the same in 2013
November 1, 2012
Scott OlsonThe economy in 2013 is likely to mirror the slow-growing one of this year, economists from Indiana University’s Kelley
School of Business predicted Thursday morning. And it could be even worse.
MoreIndiana manufacturers see momentum vanish
October 27, 2012
Dan HumanThe state lost an estimated 1,400 manufacturing jobs in September, the U.S. Bureau of Labor Statistics reported, and a wave
of layoff announcements in recent weeks suggests steeper declines are coming in the year’s final quarter.
MoreIndiana sheds jobs but unemployment rate falls
October 19, 2012
IBJ StaffIndiana’s unemployment rate fell to 8.2 percent in September, the first decline for the rate since April, despite a loss of
6,000 private-sector jobs.
MoreStrategist: Economy expected to 'muddle' through 2013
October 12, 2012
Scott Olson
The U.S. economy is expected to grow next year at a less-than-ideal rate, but that's not necessarily a bad thing
considering the lingering uncertainty, said John Augustine, chief investment strategist of Fifth Third Bank.
Hopes slipping among state business owners
October 5, 2012
J.K. WallA survey of Hoosier business owners shows an increasingly a ho-hum outlook, with only one in seven optimistic for their own
company and even fewer encouraged about the U.S. economy.
MoreU.S. unemployment-aid applications rise again
October 4, 2012
Associated PressThe number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000 last week, a rise of 4,000 from
the previous week. The four-week average, a less volatile measure, was unchanged at 375,000.
MoreBernanke: Economy growing much too slowly to put people back to work
October 1, 2012
J.K. WallFederal Reserve Chairman Ben Bernanke told a local lunch crowd that he expects the economy to keep growing, but he said the
growth is so slow that it could create a "permanent group" of underemployed Americans.
MoreUnemployment aid applications hit 2-month low
September 27, 2012
Associated PressThe number of Americans seeking unemployment benefits plunged to its lowest level in nine weeks. Other economic figures released
Thursday were mainly disappointing.
MoreWeekly U.S. unemployment claims remain high
September 20, 2012
Associated PressThe Labor Department said Thursday that applications for unemployment benefits declined by 3,000 last week, to 382,000. The
four-week average, a less volatile measure, rose for the fifth straight week, to 377,750, the highest level in nearly three
months.
MoreFed unveils bold, open-ended steps to aid economy
September 13, 2012
Associated PressThe Federal Reserve unleashed a series of bold and open-ended steps Thursday designed to stimulate the economy by boosting
the stock market and making it cheaper for people to borrow and spend. Stocks surged after the announcement.
MoreU.S. unemployment rate dips despite weak jobs report
September 7, 2012
Associated PressThe unemployment rate fell to 8.1 percent from 8.3 percent in July, the Labor Department said Friday. But that was only because
more people gave up looking for work. Hourly pay fell, manufacturers cut the most jobs in two years and the number of people
in the work force dropped to its lowest level in 31 years.
MoreStocks soar after Europe unveils bond-buying effort
September 6, 2012
Associated PressA long-anticipated plan to support struggling countries in the European Union provided the necessary jolt, and the gains were
extraordinarily broad.
MoreU.S. jobless claims increase to highest level in a month
August 23, 2012
Bloomberg NewsThe number of Americans filing first-time applications for unemployment benefits climbed last week to a one-month high, showing
little progress in the labor market.
MoreU.S. economic recovery weakest since World War II
August 16, 2012
Associated PressThe recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
Growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been
slower.
MoreU.S. unemployment rate ticks up despite rise in hiring
August 3, 2012
Associated PressU.S. employers added 163,000 jobs in July, the Labor Department said Friday, a somewhat hopeful sign after three months of
sluggish hiring. However, the unemployment rate rose to 8.3 percent, up from 8.2 percent in June.
MoreU.S. economic growth slowed to 1.5 percent in 2nd quarter
July 27, 2012
Associated PressThe 1.5-percent growth rate in the second quarter was the weakest since the economy expanded at a 1.3-percent rate in the
July-September quarter last year. The U.S. economy has never been so sluggish this long into a recovery.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!