Economic Recovery

U.S. employment rises more than expected

July 3, 2014
Bloomberg News
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
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U.S. consumer spending rises less than expected

June 26, 2014
Bloomberg News
Consumer purchases, which account for about 70 percent of the economy, climbed 0.2 percent in May after being little changed in April, Commerce Department figures showed Thursday. Analysts expected a rise of 0.4 percent.
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First quarter GDP numbers much worse than estimated

June 25, 2014
Bloomberg News
U.S. gross domestic product fell at a 2.9-percent annualized rate in the first quarter, the worst reading since the same three months in 2009, after a previously reported 1-percent drop, the Commerce Department said Wednesday.
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INDIANA 100: Manufacturing employment lags recovery of sectorRestricted Content

June 21, 2014
Sam Stall
Emphasis on efficiency, technology is softening job demand.
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Fed slows bond buying with fifth monthly reduction

June 18, 2014
The Federal Reserve will further slow the pace of its bond purchases because a strengthening U.S. job market needs less support.
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Pay raises going mainly to those in select industries

June 12, 2014
Associated Press
Five years after the Great Recession officially ended, raises remain sharply uneven across industries and, as a whole, have barely kept up with prices.
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Improving jobs numbers mask painful recovery

June 9, 2014
Associated Press analysis
The U.S. economy has finally regained the jobs lost to the Great Recession, but a smaller percentage of Americans are actually working and median household income has declined considerably since before the recession.
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U.S. gains 288,000 jobs as rate falls to 6.3 percent

May 2, 2014
Associated Press
U.S. employers added a robust 288,000 jobs in April, the most in two years. The unemployment rate sank to 6.3 percent, its lowest level since September 2008. But the drop occurred because the number of people working or seeking work fell sharply.
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U.S. jobless claims hit highest mark since February

May 1, 2014
Associated Press
The number of Americans applying for unemployment benefits rose last week to the highest level since February, a dose of mixed news for an economy that appears to be gaining momentum.
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U.S. economy slowed to near-standstill in first quarter

April 30, 2014
Associated Press
The economy's growth slowed to a barely discernible 0.1-percent annual rate in the January-March quarter, the Commerce Department said Wednesday. That was the weakest pace since the end of 2012.
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Applications for U.S. jobless benefits rise slightly

April 3, 2014
Associated Press
Despite the increase, the number remains close to pre-recession levels and points to stable hiring.
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U.S. applications for jobless aid reach 3-month low

March 6, 2014
Associated Press
That average indicates that companies are cutting few jobs, but employment growth has been lackluster in recent months.
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U.S. hiring weak in January, but jobless rate dips

February 7, 2014
Associated Press
The Labor Department says employers added 113,000 jobs last month, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000.
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Fears of slowdown sharpen focus on U.S. jobs report

February 6, 2014
Associated Press
Investors are looking for evidence of healthy U.S. job growth, but anyone looking to Friday's monthly employment report for a clear picture of the economy's health might be disappointed.
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IMF raises outlook for global, U.S. economies

January 21, 2014
Associated Press
The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago.
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Upswing causing slowdown in startups

January 11, 2014
Dan Human
The number of newly formed Indiana companies slumped in 2013, the first such dip since the recession, but the small drop could actually be a positive sign for the economy. Established companies have more job openings than a few years ago, meaning workers have less incentive to start their own businesses, as thousands did when the economy tumbled.
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U.S. economy adds only 74K jobs, but rate falls to 6.7 percent

January 10, 2014
Associated Press
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.
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U.S. unemployment rate declines to 7 percent

December 6, 2013
Associated Press
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent, down from 7.3 percent in October.
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Americans reluctant to spend on holidays without big deals

November 25, 2013
Associated Press
Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profit.
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Indiana unemployment rate sinks to 7.5 percent as state adds jobs

November 22, 2013
 IBJ Staff
The state's jobless rate has been on a downward spiral in recent months, dropping from 8.4 percent in July to 8.1 percent in August, then falling to 7.8 percent in September.
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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Reagan's supply-side guru to address accountants in Indy

November 1, 2013
Chris O'Malley
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He'll discuss his cautionary tale for states while in Indianapolis next week.
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Fewer apply for jobless benefits, but hiring slows

November 1, 2013
Associated Press
The economy added an average 143,000 jobs a month from July through September. That's down from an average of 182,000 in April through June, and 207,000 during the first three months of the year.
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Strategist: Get ready for steady economic growth

October 30, 2013
Norm Heikens
Forecast 2014 Watch
                           video iconBusinesses will begin using their profits and horded cash to reinvest in themselves in 2014, helping push economic growth back to a more comfortable 2.5 percent, according to John Augustine, chief market strategist for Fifth Third Bank.
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Study: 15 percent of U.S., Hoosier youth out of school, work

October 21, 2013
Associated Press
Indiana finished 35th among states on the report's Opportunity Index, mostly because of a subpar score in education. The percentage of Hoosiers ages 16-24 not in school or not working mirrored the national average of nearly 15 percent.
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  1. I still don't understand how the FBI had any right whatsoever to investigate this elderly collector. Before the Antiquities Act it was completely legal to buy, trade or collect Native American artifacts. I used to see arrow heads, axes, bowls, corn grinders at antique shops and flea markets for sale and I bought them myself. But that was in the late 60's and early 70's. And I now know that people used to steal items from sites and sell them. I understand that is illegal. But we used to find arrow heads and even a corn grinder in our back yard when I was a child. And I still have those items today in my small collection.

  2. I lived in California and they had many of the things noted in the proposed suggestions from the "Blue Ribbon Panel". California is near financial collapse now. Let's not turn the great state of Indiana into a third world dump like California.

  3. The temporary closure of BR Avenue will get a lot of attention. But, one thing reported by the IndyStar really stands out to me, and is extraordinarily depressing: “Police also have agreed to crack down on noise violations, traffic violations and public intoxication.” In other words, the police have generously agreed to do their jobs (temporarily, at least), instead of just standing around waiting for someone to call 911. When is someone in this department going to get off their fat arse (looking at you, Chief), get their minds out of 1975-era policing and into 2014, and have his department engage in pro-active work instead of sitting around waiting for someone to be shot? Why in the hell does it take 7 people getting shot in one night in one of the city’s biggest tourist destinations, to convince the police (reluctantly, it would appear) that they actually need to do their f’n jobs? When is the Chief going to realize that there’s a huge, direct, proven correlation between enforcing the law (yes, all laws, especially those affecting quality of life) and preventing larger crimes from occurring? Is it racial BS? Is that what this extraordinary reluctance is all about? Is the department and the city terrified that if they do their jobs, they might offend someone? Whom, exactly? Will the victims of violence, murder, assault, rape, robbery, and theft be offended? Will the citizens who have to tolerate their deteriorating quality of life be offended? Will the businesses who see their customers flee be offended? Or, is it simple ignorance (maybe the Chief hasn’t heard about NYC’s success in fighting crime - it’s only the biggest g*&#am city in the country, after all)? Either way, Chief, if you don’t want to do your job, then step down. Let someone who actually wants the job take it.

  4. I thought Indiana had all the funding it needed for everything. That's why the state lottery and casino gambling were allowed, as the new tax revenue would take care of everything the state wanted to do.The recommendations sound like they came from California. Better think about that. What is the financial condition of that state?

  5. I was a fan of WIBC in the morning, Steve was the only WIBC host that I listened too, he gave the news with so much flare that I enjoyed listening to him on my way to work. Katz is no Steve. Sadly, I will not be listening to WIBC anymore.

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