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Economy
Applications to Indiana law schools wither
April 13, 2013
Scott OlsonApplications to three of the four law schools in the state are in free fall as prospective students think twice about taking
on mountains of debt at a time job prospects are dim.
MoreState adds jobs in February at healthy clip
March 29, 2013
Norm HeikensHiring surged in several sectors of the economy, but the unemployment rate inched higher as more residents started looking
for work.
MoreHigher payroll taxes take toll on restaurants
March 28, 2013
Associated PressSo far, 2013 has been "a roller coaster ride" for Indiana eateries, according the state trade association's president. Industry
observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
MoreU.S. economy adds jobs, but unemployment rate rises
February 1, 2013
Associated PressU.S. employers added 157,000 jobs in January, but the unemployment rate rose to 7.9 percent, up from 7.8 percent in December.
MoreEconomist: Quarterly report shows recession is here
January 30, 2013
IBJ Staff and Associated PressBall State University economist Mike Hicks said the quarterly contraction in the economy only confirms his fears that the
United States is already in another recession.
MoreU.S. unemployment rate remains at 7.8 percent
January 4, 2013
Associated PressU.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.
MoreREWIND: IBJ's top 10 business stories of 2012
December 26, 2012
The state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of
a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's
biggest stories.
U.S. economy adds 146,000 jobs as unemployment rate slips
December 7, 2012
Associated PressThe Labor Department's report Friday offered a mixed picture of the economy. Hiring remained steady during November in the
face of looming tax increases. But the jobless rate slipped in part because more people stopped looking for work.
MoreItems in '12 Days of Christmas' increase to $107,000
November 26, 2012
Associated PressIf you get buy all 364 items repeated throughout "The Twelve Days of Christmas" carol, you'll pay 6.1 percent more this year,
according to the so-called Christmas Price Index that PNC Wealth Management updates annually.
MoreState's unemployment rate drops to 8 percent
November 20, 2012
Scott OlsonIndiana added 7,700 private-sector jobs in October, marking the largest monthly gain since May, as the unemployment rate fell
for the second straight month.
MoreStudy: Indiana’s airports contribute $14.1B in economic output
November 13, 2012
A new study says the state's 69 public airports support more than 69,000 jobs--about 30 percent of which are tied to Indianapolis
International Airport.
MoreIU: Growth of Indiana’s labor force slowing rapidly
November 13, 2012
Scott OlsonThe Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of
baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.
MoreIndiana casino cuts 80 jobs, blames economy
November 9, 2012
Associated PressA northwestern Indiana casino is blaming the economy and increased competition for its decision to lay off about 80 workers.
MoreU.S. jobless benefit applications fall slightly
November 8, 2012
Associated PressThe number of people seeking unemployment benefits fell last week by 8,000, but the figures were distorted by Superstorm Sandy.
The four-week average of applications, a less volatile measure, rose by 3,250.
MoreStocks plunge after election, and as Europe woes deepen
November 7, 2012
Associated PressThe 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.
MoreU.S. unemployment rate rises despite job gains
November 2, 2012
Associated PressPresident Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt.
MoreIU economists predict more of the same in 2013
November 1, 2012
Scott OlsonThe 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.
MoreFinancial crisis pushes millennials to fiscal conservatism
October 28, 2012
Associated PressResearchers find that the recession had a particularly profound effect on the political attitudes of younger millennials,
who've come of age as the adults who preceded them have lost homes, jobs and retirement funds. Their age group also faces
high unemployment.
MoreU.S. economic growth shows only slight improvement
October 26, 2012
Associated PressThe U.S. economy grew at a slightly faster 2-percent annual rate from July through September, buoyed by more spending by consumers
and the government. Still, growth remains historically anemic, and exports and business spending are weakening.
MoreStrategist: Economy expected to 'muddle' through 2013
October 12, 2012
Scott Olson
The U.S. economy is expected to grow next year at a less-than-ideal rate, but that's not necessarily a bad thing
considering the lingering uncertainty, said John Augustine, chief investment strategist of Fifth Third Bank.
Hopes slipping among state business owners
October 5, 2012
J.K. WallA survey of Hoosier business owners shows an increasingly a ho-hum outlook, with only one in seven optimistic for their own
company and even fewer encouraged about the U.S. economy.
MoreU.S. unemployment-aid applications rise again
October 4, 2012
Associated PressThe number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000 last week, a rise of 4,000 from
the previous week. The four-week average, a less volatile measure, was unchanged at 375,000.
MoreBernanke: Economy growing much too slowly to put people back to work
October 1, 2012
J.K. WallFederal Reserve Chairman Ben Bernanke told a local lunch crowd that he expects the economy to keep growing, but he said the
growth is so slow that it could create a "permanent group" of underemployed Americans.
MoreUnemployment aid applications hit 2-month low
September 27, 2012
Associated PressThe number of Americans seeking unemployment benefits plunged to its lowest level in nine weeks. Other economic figures released
Thursday were mainly disappointing.
MoreWeekly U.S. unemployment claims remain high
September 20, 2012
Associated PressThe Labor Department said Thursday that applications for unemployment benefits declined by 3,000 last week, to 382,000. The
four-week average, a less volatile measure, rose for the fifth straight week, to 377,750, the highest level in nearly three
months.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!