Economic Recovery

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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Regional banks targeting midsize companies in IndianaRestricted Content

May 21, 2011
Scott Olson
Improved economy, loosening credit standards are driving increased lending.
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State’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.
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Economy adds 244,000 jobs, but unemployment rate ticks up

May 6, 2011
Associated Press
The 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.
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MARCUS: The recovery is over ... or maybe not

April 2, 2011
Morton Marcus
The recession in Indiana and the nation lasted only three quarters. But the Hoosier recovery took six quarters.
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Inflation worries push consumer confidence lower

March 29, 2011
Associated Press
Shoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index down sharply in March.
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Economist: U.S. recovery ‘turning a corner’

March 16, 2011
Kathleen McLaughlin
Manufacturing 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.
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Wholesale prices jump on steep rise in food costs

March 16, 2011
Associated Press
Wholesale 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.
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U.S. unemployment rate drops to 8.9 percent

March 4, 2011
Associated Press
The unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
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Tax cut lifts incomes, but spending barely rises

February 28, 2011
Associated Press
Consumers 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.
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HICKS: Deciphering economy a confusing pursuitRestricted Content

February 4, 2011
Mike Hicks
A casual observer of news about economic indicators has more than enough reason to be puzzled.
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Goodwill angles for donations during weak economy

January 1, 2011
Kathleen McLaughlin
The 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.
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HICKS: Why economic forecasting is inexact scienceRestricted Content

January 1, 2011
Mike Hicks
Forecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
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U.S. unemployment benefit applications drop sharply

December 30, 2010
Associated Press
Applications 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.
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Economy brightens as consumers spend, layoffs slow

December 23, 2010
Associated Press
The latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent unemployment rate.
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HICKS: Inflation delays visit, but it'll arrive eventuallyRestricted Content

December 18, 2010
Mike Hicks
All economists know that, at its core, inflation is caused solely by too much money chasing too few goods.
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State unemployment rate dips to 9.8 percent

December 17, 2010
 IBJ Staff
Indiana'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.
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Jobless claims fall near lowest level of year

December 9, 2010
Associated Press
In 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.
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Indianapolis banker sees progress, challenges at ailing Integra

December 4, 2010
Greg Andrews
Mike 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.
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Factory orders sink for first time since June

December 3, 2010
Associated Press
Factory 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.
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World Bank chief: U.S. still good place to invest

December 3, 2010
Scott Olson
Robert 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.
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Jobless claims tick up again

December 2, 2010
Associated Press
Difficulties 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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State's unemployment rate drops below 10 percent

November 23, 2010
Indiana's unemployment rate in October dipped to 9.9 percent, marking the first time the rate has been below double digits since March.
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Jobless claims fall sharply to 4-month low

November 10, 2010
Associated Press
The U.S. Labor Department said Wednesday that initial claims for jobless aid dropped by 24,000, to a seasonally adjusted 435,000. Many Wall Street economists expected a smaller decrease.
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Employers add jobs, but rate sticks at 9.6 percent

November 5, 2010
Associated Press
U.S. employers added the most jobs in five months in October, with the education and health care sectors leading the way.
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