Economic Recovery

Economy adds 227,000 jobs, jobless rate unchanged

March 9, 2012
Associated Press
U.S. employers added 227,000 jobs in February to complete three of the best months of hiring since the recession ended.
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State economy finally gaining tractionRestricted Content

March 3, 2012
J.K. Wall
Leading indicators for Indiana's economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
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New-home construction off to mild start

February 23, 2012
Scott Olson
Building permits filed in the nine-county Indianapolis metropolitan area totaled 194 in January, a 2-percent dip from the same time last year. But industry leaders are cautiously optimistic.
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Economy could lift drug, device firms

February 20, 2012
J.K. Wall
The U.S. economy is showing signs of bouncing back and, if it does, look for drugmakers and medical-device companies to benefit. But if the economy has another summer stall like last year, expect health insurers to benefit.
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U.S. retail sales increase for sixth straight month

December 13, 2011
Associated Press
Americans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
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Unemployment aid applications drop to 9-month low

December 8, 2011
Associated Press
Employers added a net total of 120,000 jobs last month. The economy has generated 100,000 or more jobs five months in a row — the first time that has happened since April 2006.
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Unemployment rate falls to lowest level since March 2009

December 2, 2011
Associated Press
The U.S. unemployment rate fell last month to its lowest level in more than 2-1/2 years as more of the unemployed either found jobs or gave up looking and were no longer counted as jobless.
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Third-quarter economic growth revised downward

November 22, 2011
Associated Press
The Commerce Department said Tuesday that the economy grew at an annual rate of 2 percent in the July-September quarter, lower than an initial 2.5-percent estimate made last month. The government also said after-tax incomes fell by the largest amount in two years.
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Unemployment dips despite decline in pace of hiring

November 4, 2011
Associated Press
The national economy added 80,000 jobs last month, the fewest in four months, but the unemployment rate dipped from 9.1 percent to 9 percent.
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IU experts: Economy to stay 'lousy' in 2012

November 3, 2011
Economists from the Kelley School of Business predict the national economy will grow a modest 2.5 percent to 3 percent next year, while unemployment will remain high.
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Economy grew 2.5 percent in third quarter

October 27, 2011
Associated Press
Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter. The modest expansion followed anemic growth in the first half of the year
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Strategist: Uncertainty still holding back U.S. economy

October 21, 2011
Scott Olson
2012 Augustine forecastIn order to get the U.S. economy to grow at a respectable 3-percent annual rate, the government needs to get a grip on the debt crisis while corporations needs to start spending the money they've stockpiled.
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Economy grew at weak 1.3-percent rate in 2nd quarter

September 29, 2011
Associated Press
The U.S. economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices.
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Retail sales in U.S. stagnate amid poor job market

September 14, 2011
Bloomberg News
Retail sales in the U.S. unexpectedly stagnated in August as a lack of jobs restrained shoppers. Chains like Best Buy Co. and Target Corp. say a struggling labor market that’s battered confidence is hurting sales.
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U.S. consumer confidence falls to 2-year low

August 30, 2011
Associated Press
Stocks fell Tuesday morning after consumer confidence dropped to the lowest level since April 2009. Retailers and other companies that depend on consumer spending had the steepest losses.
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This year's metro area job losses deeper than in peer citiesRestricted Content

August 27, 2011
J.K. Wall
As the national economy sputters, the Indianapolis area is losing jobs faster than its peers, falling to levels not seen since 2002.
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Economy still tough, but a few Hoosier industries on upswingRestricted Content

August 20, 2011
J.K. Wall
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
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State's unemployment rate rises to 8.5 percent

August 19, 2011
Indiana's jobless rate moved up from 8.3 percent in June. The rate had held steady at 8.2 percent the previous two months.
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Unemployment aid applications fall to 4-month low

August 11, 2011
Associated Press
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.
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Indianapolis-based banks struggle to emerge from slumpRestricted Content

August 6, 2011
Francesca Jarosz
Indiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't recovering as quickly as expected.
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Stocks go on roller coaster ride after jobs report

August 5, 2011
Associated Press
Market swings continued all day after a better-than-expected employment report. By the market's close, the Dow was up 60 points, or 0.54 percent, to 11,444.
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Stocks turn lower as optimism about jobs fades

August 5, 2011
Associated Press
Stocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
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U.S. jobless rate dips as economy adds 117,000 jobs

August 5, 2011
Associated Press
Hiring 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.
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Economy growing at slowest pace since recession

July 29, 2011
Associated Press
The 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.
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Unemployment aid applications stuck at high level

June 9, 2011
Associated Press
The 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.
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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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