Economy

Revised data: Economy grew faster in 2nd half of 2013

July 30, 2014
Associated Press
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
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Unemployment applications drop to lowest level in 7 years

July 17, 2014
Associated Press
The numbers suggest a strengthening job market, especially since hiring is at its healthiest clip since the late 1990s, and the 6.1 percent unemployment rate is at a 5 1/2-year low.
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Yellen says economy still needs Fed support

July 15, 2014
Associated Press
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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U.S. employment rises more than expected

July 3, 2014
Bloomberg News
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
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Improving jobs numbers mask painful recovery

June 9, 2014
Associated Press analysis
The U.S. economy has finally regained the jobs lost to the Great Recession, but a smaller percentage of Americans are actually working and median household income has declined considerably since before the recession.
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Unemployment rate holds steady as U.S. regains lost jobs

June 6, 2014
Associated Press
Employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
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U.S. economy shrinks for first time since 2011

May 29, 2014
Bloomberg News
U.S. gross domestic product contracted at an annual rate of 1 percent in the first quarter, the Commerce Department said Thursday.
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Indiana adds jobs, sees April unemployment rate slip

May 16, 2014
 IBJ Staff and Associated Press
Non-farm employment in the state increased 0.1 percent, or by 4,200 jobs, from March. The jobless rate fell to 5.7 percent from 5.9 percent, its ninth straight monthly decline.
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U.S. jobless claims hit highest mark since February

May 1, 2014
Associated Press
The number of Americans applying for unemployment benefits rose last week to the highest level since February, a dose of mixed news for an economy that appears to be gaining momentum.
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Growth in Hoosier wages lagging inflationRestricted Content

April 12, 2014
Dan Human
Pay raises were a pipe dream for many Hoosiers last year—as the median wage in Indiana inched up 0.8 percent, to $31,990, according to federal data released this month.
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U.S. employers add 192K jobs; jobless rate unchanged

April 4, 2014
Associated Press
March's job gain nearly matches last year's average monthly total, suggesting that the job market has mostly recovered from the previous months' severe winter weather.
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Hiring at U.S. companies picked up momentum in March

April 2, 2014
Associated Press
After a frigid winter, companies added nearly 200,000 jobs last month, according to payroll processor ADP. That bodes well for the government's report on overall employment, due Friday.
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Hamilton County's low jobless rate roils labor market

March 1, 2014
Kathleen McLaughlin
Hamilton County employers are having trouble filling lower-wage jobs. At 4.5 percent in December, Hamilton County’s jobless rate was the lowest in the metro area and one of the lowest in the state.
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Emerging growth markets tempt Hoosier companies

February 27, 2014
global indisana watch videoConsumption in emerging markets across the globe is growing fast, according to Chase Bank. Executives of several Indiana firms share their successes and mistakes when establishing operations outside the U.S.
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Auto industry strength boosts Indiana’s outlookRestricted Content

February 15, 2014
Economists at BMO Harris Bank are projecting “above average” growth for Indiana this year, citing a stronger auto sector and a healthier housing outlook.
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Architecture firm closing, renovated HQ on block

February 7, 2014
Scott Olson
A2SO4 Architecture LLC has begun to wind down operations as a bank forecloses on a couple of construction loans for its new headquarters with a total balance of more than $1 million.
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U.S. hiring weak in January, but jobless rate dips

February 7, 2014
Associated Press
The Labor Department says employers added 113,000 jobs last month, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000.
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Fears of slowdown sharpen focus on U.S. jobs report

February 6, 2014
Associated Press
Investors are looking for evidence of healthy U.S. job growth, but anyone looking to Friday's monthly employment report for a clear picture of the economy's health might be disappointed.
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Weak sales lead HHGregg to post smaller profit

January 30, 2014
Scott Olson
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
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Upswing causing slowdown in startups

January 11, 2014
Dan Human
The number of newly formed Indiana companies slumped in 2013, the first such dip since the recession, but the small drop could actually be a positive sign for the economy. Established companies have more job openings than a few years ago, meaning workers have less incentive to start their own businesses, as thousands did when the economy tumbled.
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Survey: US companies add 238K jobs, most in year

January 8, 2014
Associated Press
Construction firms hired 48,000 additional workers in December, the most since 2006. And manufacturers added 19,000 positions.
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U.S. unemployment rate declines to 7 percent

December 6, 2013
Associated Press
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent, down from 7.3 percent in October.
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U.S. adds 200K jobs, but unemployment rate rises

November 8, 2013
Associated Press
The Labor Department said Friday that the unemployment rate rose to 7.3 percent. A troubling detail in the report: the percentage of Americans working or looking for work fell to a 35-year low
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U.S. economic growth perks up in third quarter

November 7, 2013
Associated Press
The U.S. economy expanded at a 2.8-percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown.
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Reagan's supply-side guru to address accountants in Indy

November 1, 2013
Chris O'Malley
Arthur Laffer is reviled by the big-government crowd for blaming high tax rates for slow economic growth. He'll discuss his cautionary tale for states while in Indianapolis next week.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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