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Economic Recovery
Stocks turn lower as optimism about jobs fades
August 5, 2011
Associated PressStocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
MoreU.S. jobless rate dips as economy adds 117,000 jobs
August 5, 2011
Associated PressHiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day
on Wall Street in nearly three years.
MoreEconomy growing at slowest pace since recession
July 29, 2011
Associated PressThe economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months
of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest
since the recession ended two years ago.
MoreUnemployment aid applications stuck at high level
June 9, 2011
Associated PressThe number of people seeking unemployment benefits hardly changed for a second straight week, stuck at a high level that points
to a slowing job market.
MoreRegional banks targeting midsize companies in Indiana
May 21, 2011
Scott OlsonImproved economy, loosening credit standards are driving increased lending.
MoreState’s jobless rate falls again, to 8.2 percent
May 20, 2011
Despite a decrease in private sector jobs, Indiana's unemployment rate in April dropped 0.3 percentage points, to 8.2 percent,
the lowest it's been since December 2008.
MoreEconomy adds 244,000 jobs, but unemployment rate ticks up
May 6, 2011
Associated PressThe job gains were widespread. Retailers, factories, financial companies, education and health care and even construction
companies all added jobs. Federal, state and local governments cut jobs.
MoreMARCUS: The recovery is over ... or maybe not
April 2, 2011
Morton MarcusThe recession in Indiana and the nation lasted only three quarters. But the Hoosier recovery took six quarters.
MoreInflation worries push consumer confidence lower
March 29, 2011
Associated PressShoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index
down sharply in March.
MoreEconomist: U.S. recovery ‘turning a corner’
March 16, 2011
Kathleen McLaughlinManufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group
senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
MoreWholesale prices jump on steep rise in food costs
March 16, 2011
Associated PressWholesale prices jumped last month by the most in nearly two years due to higher energy costs and the biggest rise in food
prices in 36 years.
MoreU.S. unemployment rate drops to 8.9 percent
March 4, 2011
Associated PressThe unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month
decline since 1983.
MoreTax cut lifts incomes, but spending barely rises
February 28, 2011
Associated PressConsumers increased spending 0.2 percent in January, the smallest gain since June, the Commerce Department reported Monday.
Personal incomes jumped 1 percent, reflecting the 2 percentage point reduction from the Social Security tax cut.
MoreHICKS: Deciphering economy a confusing pursuit
February 4, 2011
Mike HicksA casual observer of news about economic indicators has more than enough reason to be puzzled.
MoreGoodwill angles for donations during weak economy
January 1, 2011
Kathleen McLaughlinThe recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more
old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.
MoreHICKS: Why economic forecasting is inexact science
January 1, 2011
Mike HicksForecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
MoreU.S. unemployment benefit applications drop sharply
December 30, 2010
Associated PressApplications dropped by 34,000, to 388,000, the lowest number since the week of July 12, 2008. The level of applications has
either fallen or remained unchanged in five of the past six weeks.
MoreEconomy brightens as consumers spend, layoffs slow
December 23, 2010
Associated PressThe latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent
unemployment rate.
MoreHICKS: Inflation delays visit, but it'll arrive eventually
December 18, 2010
Mike HicksAll economists know that, at its core, inflation is caused solely by too much money chasing too few goods.
MoreState unemployment rate dips to 9.8 percent
December 17, 2010
IBJ StaffIndiana's jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent
this summer.
MoreJobless claims fall near lowest level of year
December 9, 2010
Associated PressIn November, the economy added just 39,000 net jobs and the unemployment rate rose to 9.8 percent. Many economists predict
December will be a stronger month for hiring.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the
nation’s financial institutions.
MoreFactory orders sink for first time since June
December 3, 2010
Associated PressFactory orders declined 0.9 percent in October, the Commerce Department reported Friday. It was the first setback since June
and the biggest decline since a 1.8-percent fall in May.
MoreWorld Bank chief: U.S. still good place to invest
December 3, 2010
Scott OlsonRobert Zoellick, who was set to address the Economic Club of Indiana on Friday, doubts the United States' debt problems will
become as severe as the crisis in Europe and said the U.S. is still a good investment for foreign countries.
MoreJobless claims tick up again
December 2, 2010
Associated PressDifficulties adjusting for the Thanksgiving holiday contributed to last week's spike in new applications, a government analyst
said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.