Economy

Hopes slipping among state business owners

October 5, 2012
J.K. Wall
A 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.
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U.S. unemployment-aid applications rise again

October 4, 2012
Associated Press
The 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.
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Bernanke: Economy growing much too slowly to put people back to work

October 1, 2012
J.K. Wall
Federal 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.
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Unemployment aid applications hit 2-month low

September 27, 2012
Associated Press
The number of Americans seeking unemployment benefits plunged to its lowest level in nine weeks. Other economic figures released Thursday were mainly disappointing.
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Weekly U.S. unemployment claims remain high

September 20, 2012
Associated Press
The 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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Rising gas prices put a crimp in Americans' spending

September 16, 2012
Associated Press
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
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U.S. unemployment rate ticks up despite rise in hiring

August 3, 2012
Associated Press
U.S. employers added 163,000 jobs in July, the Labor Department said Friday, a somewhat hopeful sign after three months of sluggish hiring. However, the unemployment rate rose to 8.3 percent, up from 8.2 percent in June.
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U.S. employers add only 80,000 jobs as economy struggles

July 6, 2012
Associated Press
U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended. The unemployment rate remained at 8.2 percent.
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Life sciences hold up in recession

June 25, 2012
J.K. Wall
A new report shows Indiana’s life sciences companies performed better than their peers around the country—and far better than the rest of Indiana’s private sector—during the early phases of the economic downturn.
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Economy might worsen before it improves muchRestricted Content

June 16, 2012
Norm Heikens
If it seems like the economy should be better by now, under normal circumstances it would. After all, the recession ended three years ago this month.
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Mounting student loan debt vexing for IndianaRestricted Content

June 9, 2012
Scott Olson
More college degrees wanted, but large borrowing amounts present obstacle.
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Manufacturing employment coming back, but without the wages of yesteryearRestricted Content

June 9, 2012
Dan Human
Recovery in manufacturing—one of Indiana’s best-paying employment sectors—has been a much celebrated change after years of decline. But many of those jobs are returning with lower wages as employers keep up with growing global competition.
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Indiana unemployment rate shrinks to 7.9 percent

May 18, 2012
Scott Olson
Indiana’s unemployment rate dropped to 7.9 percent in April, falling below 8 percent for the first time since November 2008. The rate has dropped for five straight months.
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State’s unemployment rate dips to 8.2 percent

April 20, 2012
Indiana's jobless rate is the lowest it's been since December 2008 and matches the national jobless rate for March, also at 8.2 percent.
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New data brightens Indy area's jobs pictureRestricted Content

April 7, 2012
J.K. Wall
Bureau of Labor Statistics revises numbers, but region is still 30,000 jobs short of pre-recession peak.
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U.S. weekly jobless claims fall to lowest level in four years

March 29, 2012
Associated Press
The Labor Department said Thursday that weekly unemployment benefit applications fell by 5,000, to a seasonally adjusted 359,000. That's the smallest number of applicants since April 2008. The four-week average, a less volatile measure, declined to 365,000.
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State unemployment rate dips to 8.7 percent

March 13, 2012
Scott Olson
Indiana’s unemployment rate fell to 8.7 percent in January as the state added 13,000 private-sector jobs, the largest monthly increase in more than a year.
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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. jobless rate falls as employers add 200,000 jobs

January 6, 2012
Associated Press
The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since February 2009.
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State's economy still stuck in neutral

December 24, 2011
The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.
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Indiana jobless rate stays at 9 percent

December 20, 2011
 IBJ Staff
The state’s unemployment rate held steady in November at a seasonally adjusted 9 percent, slightly higher than the overall U.S. rate that dropped to 8.6 percent, the state’s Department of Workforce Development said Tuesday morning.
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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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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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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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