Economy

IU economists: Slow growth expected in 2011

November 4, 2010
Scott Olson
Economic growth will remain sluggish into next year as companies remain hesitant to add jobs, Indiana University economists said Thursday morning during their annual forecast.
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September consumer spending weakens while incomes dip

November 1, 2010
Associated Press
Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.
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U.S. economy grew anemically in third quarter

October 29, 2010
Associated Press
The government reported Friday morning that the economy expanded at a 2-percent annual rate in the July-September quarter. It marked a slight improvement from the feeble 1.7-percent growth in the April-June quarter.
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MORRIS: Not all economic news is bad news

October 23, 2010
Greg Morris
If we listen too much to the financial channels, it will make us want to bury our money in a hole in the yard and get a Rottweiler to guard it.
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State’s jobless rate dips slightly to 10.1 percent

October 22, 2010
Indiana's unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month last year. But it remains above the national rate of 9.6 percent.
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HICKS: Why the stimulus didn't stimulate enoughRestricted Content

October 16, 2010
Mike Hicks
The failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist for economists for decades to come.
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Banks tread water as they wait for economy to improve

October 16, 2010
Francesca Jarosz
Banking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery. But in these times, recovery looks grimmer than one might expect.
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Strategist: U.S. economy picking up pace, slowly

October 15, 2010
Scott Olson
augustine watdchvideoThe economy is picking up its pace but not quickly enough to satisfy the public, Fifth Third Bank strategist John Augustine said Friday. It may not return to pre-recession levels until 2017.
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New grads struggle to put education to work

October 2, 2010
Joe Jasinski
In May, only one-quarter of 2010 college graduates who applied for a job actually received one, compared with more than half in 2007. About as many college graduates of all ages also are plagued by underemployment, working jobs below their skill level—including Butler grad Tom Otero.
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Durable goods rise outside volatile transportation

September 24, 2010
Associated Press
The overall demand for durable goods fell 1.3 percent in August, the Commerce Department said Friday. But that was pulled down by a significant drop in orders for aircraft.
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Machine-tool maker Hurco hopes trade show sparks salesRestricted Content

September 11, 2010
Kathleen McLaughlin
The Indianapolis-based maker of computerized metal-cutting tools piled up record profits in fiscal years 2005 through 2008, but now is trying to leave behind a second year of losses.
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New filings for jobless benefits fall to two-month low

September 9, 2010
Associated Press
Even with latest decline, new filings for jobless benefits are still much higher than they would be if the economy is healthy.
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MORRIS: When does this movie end?

August 28, 2010
Greg Morris
Lately, don’t you feel like yelling out the window on occasion, even just a little? You have to really look to find the good news today.
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New jobless claims drop for first time in 4 weeks

August 26, 2010
Associated Press
However, about 10.1 million people were receiving unemployment checks in the week ended Aug. 7, the latest data available. That's up about 260,000 from the previous week.
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Durable goods orders tick up, but business spending slides

August 25, 2010
Associated Press
Without the volatile transportation sector, orders dropped 3.8 percent—the steepest decline since January. Businesses spent less on equipment and machines. Orders for capital goods fell 8 percent.
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Indiana, Indy stage small employment gains

August 20, 2010
Norm Heikens
Indiana's unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
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HICKS: Expectations can't erase sluggish recoveryRestricted Content

August 14, 2010
Mike Hicks
While the economy continues to recover, the pace is agonizingly slow. The reasons for this are becoming clear.
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New jobless claims hit highest level in six months

August 12, 2010
Associated Press
Initial claims for unemployment benefits have now risen in three of the last four weeks and are close to their high point for the year of 490,000, reached in late January.
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Productivity falls for first time since 2008

August 10, 2010
Associated Press
Worker productivity declined at an annual rate of 0.9 percent in the April-to-June quarter after posting large gains throughout 2009, the Labor Department said Tuesday.
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Counties brace for big tax losses next year

August 9, 2010
 IBJ Staff and Associated Press
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year. Marion and Hamilton counties will suffer major reductions in distributions.
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Stocks retreat after disappointing jobs report

August 6, 2010
Associated Press
The disappointing jobs data magnifies worries that slowing growth could end up leading the country back into recession during the second half of the year.
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Hoosier firms find cutting costs no substitute for growthRestricted Content

July 31, 2010
Greg Andrews
The gains amid economic malaise are impressive, but also unsustainable. Companies can’t continue to grow earnings forever based on cost-cutting.
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Consumer confidence index retreats further

July 27, 2010
Associated Press
Economists watch the Consumer Confidence index closely because consumer spending accounts for about 70 percent of U.S. economic activity and is critical to a strong recovery.
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Elevated jobless claims point to weak labor market

July 22, 2010
Associated Press
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that drop was driven by temporary seasonal factors and not an improving job market.
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Indiana's unemployment rate rises slightly

July 20, 2010
Scott Olson
June figure hits 10.1 percent, up a tick from April and May, marking the third straight month Indiana's unemployment rate has been in double digits.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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