Economic Recovery

State loses jobs; unemployment rate declines to 8.1 percent

September 20, 2013
 IBJ Staff
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
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Slower holiday sales growth predicted for 2013

September 17, 2013
Associated Press
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there's a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
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U.S. jobless rate dips despite disappointing hiring

September 6, 2013
Associated Press
The rate fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years.
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U.S. unemployment claims continue to slide

September 5, 2013
Associated Press
Fewer Americans are seeking unemployment benefits, but about 80 percent of the jobs created this year have been lower-paying, part-time positions.
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Durable goods orders sink as manufacturing struggles

August 26, 2013
Associated Press
The Commerce Department said Monday that orders for durable goods plunged 7.3 percent in July, the steepest drop in nearly a year.
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U.S. jobless claims rise slightly after 5-year low

August 22, 2013
Associated Press
The broader trend suggests companies are laying off fewer workers even while overall economic growth has stayed sluggish.
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Tepid U.S. retail sales spark concern about economy

August 15, 2013
Associated Press
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
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New jobs disproportionately low-pay or part-time

August 5, 2013
Associated Press
So far this year, low-paying industries have provided 61 percent of the nation's job growth, even though these industries represent just 39 percent of overall U.S. jobs. And part-time work has made up 77 percent of the job growth.
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U.S. unemployment rate falls despite tepid job growth

August 2, 2013
Associated Press
The Labor Department said the rate fell from 7.6 percent to 7.4 percent in June. But that was one of the few good signs in an otherwise lackluster report.
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Economic growth better than expected in 2nd quarter

July 31, 2013
Associated Press
U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent. The Bureau of Economic Analysis said the rate released Wednesday was based on incomplete data and would be revised over the next month.
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Obamacare role questioned in shift to part-time workforce

July 19, 2013
Bloomberg News
Part-time employment has been outpacing full-time job growth since 2008. Economists cite still-tough economic conditions as the root cause, with some saying President Barack Obama’s 2010 health-care law exacerbates the trend.
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U.S. economy adds 195K jobs; unemployment rate steady

July 5, 2013
Associated Press
The job growth suggests a stronger economy and makes it more likely the Federal Reserve will slow its bond purchases before year's end.
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Slower U.S. growth might lead Fed to keep up stimulus

June 27, 2013
Associated Press
The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year. That's the takeaway from economists after the government cut its estimate of growth in the January-March quarter to a 1.8-percent annual rate.
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Private-sector hiring disappointing in May, ADP says

June 5, 2013
Associated Press
A private survey shows U.S. businesses added just 135,000 jobs in May, the second straight month of weak gains.
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Average household far from regaining wealth, study says

May 31, 2013
Associated Press
The 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.
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U.S. unemployment aid applications show decline

May 23, 2013
Associated Press
Jobless 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.
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Unemployment rate hits 4-year low as economy adds 165K jobs

May 3, 2013
Associated Press
The only sectors of the economy that cut jobs last month were construction and government.
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Stocks head lower on tepid U.S. economic growth

April 26, 2013
Associated Press
Several 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.
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U.S. companies post more jobs, but fill them slowly

April 9, 2013
Associated Press
Economists point to several likely reasons for the disparity between a surge in job openings but only a modest rise in hiring.
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Weekly unemployment-aid applications fall

March 7, 2013
Associated Press
The 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.
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U.S. unemployment rate remains at 7.8 percent

January 4, 2013
Associated Press
U.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.
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Stocks plunge after election, and as Europe woes deepen

November 7, 2012
Associated Press
The 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.
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IU economists predict more of the same in 2013

November 1, 2012
Scott Olson
The 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.
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Indiana manufacturers see momentum vanishRestricted Content

October 27, 2012
Dan Human
The 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.
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Indiana sheds jobs but unemployment rate falls

October 19, 2012
 IBJ Staff
Indiana’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.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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