Economy

Challenging job market trips up new attorneysRestricted Content

July 10, 2010
Michael W. Hoskins
It’s a tough time to be starting in the profession when established lawyers struggle to keep up their practices and client lists.
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Pearson ad agency closing after more than three decades

July 6, 2010
Scott Olson
CEO Ron Pearson attributed the decision to the difficult economic conditions. The firm was hit particularly hard in 2007, when it lost a $20 million HHGregg advertising account.
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Lawmakers approve big Wall Street revamp

June 25, 2010
Bloomberg News
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
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National new-home sales plunged to record low in May

June 23, 2010
Bloomberg News
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market remains dependent on government support.
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State jobless rate holds steady at 10 percent

June 18, 2010
Scott Olson
Indiana's May unemployment figure remains in double digits for second consecutive month, despite some job growth.
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MARCUS: English skills lead to economic success

June 12, 2010
Morton Marcus
Unless you have extraordinary assets, your communication skills will go a long way to determining your social and economic standing.
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MARCUS: How much do workers want to earn?

June 5, 2010
Morton Marcus
Regular readers know I’m a numbers guy. Give me a set of data and I can be happily occupied for hours. A simple visit to Hoosiers by the Numbers on the Indiana Department of Workforce Development website is a data junkie’s joy.
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High unemployment prompts new company, The Learning IndexRestricted Content

June 5, 2010
J.K. Wall
A couple of Hoosier entrepreneurs think they can take their career information web site national.
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Popularity of old cars indicates economic recovery

June 5, 2010
 IBJ Staff
Sales of Eisenhower-era Eldorados and Kennedy-era Corvettes provide signs of hope.
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Economic rebound slowed last quarter

May 27, 2010
Associated Press
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year.
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New Indiana law aims to promote safety of traditional loansRestricted Content

May 22, 2010
Scott Olson
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's housing market rebound from a foreclosure crisis instigated by risky loans.
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State unemployment rate climbs back to 10 percent

May 21, 2010
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market remains.
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Jobless claims rise by largest amount in 3 months

May 20, 2010
Associated Press
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
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Indianapolis law firms raising rates again

May 15, 2010
Scott Olson
Recession's over. Time for law firms to get cracking on raising rates again. As was the case before the recession, the increases are outstripping inflation.
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Indianapolis Economic Development Inc. becomes Develop Indy

May 8, 2010
 IBJ Staff
Develop Indy was often confused with other business development groups, particularly the Indiana Economic Development Corp.
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Finish Master profit slides

May 7, 2010
 IBJ Staff
Recession aftermath continued taking a toll on sales of paint for auto repairs.
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Productivity grew 3.6 percent in first quarter

May 6, 2010
Associated Press
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed, putting the economic recovery at risk.
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Employment costs up 0.6 percent in first quarter

April 30, 2010
Associated Press
The increase was the biggest quarterly gain since a similar 0.6-percent rise in the third quarter of 2008.
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Airport cargo-traffic rise could be sign of improving economy

April 20, 2010
Chris O'Malley
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
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State jobless rate ticks up to 9.9 percent

April 16, 2010
The number of jobs in Indiana rose by 16,600, marking the largest month-to-month increase since September 2005, the Department of Workforce Development said.
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White House hails economic gains, foretells slow recovery

April 4, 2010
Associated Press
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while bracing out-of-work Americans for a slow recovery.
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Jobless claims drop more than expected

March 25, 2010
Associated Press
New claims for unemployment benefits fell more than anticipated last week—partially due to changes in the calculations—as layoffs ease and hiring slowly recovers.
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Job searches dragging on a year later

March 6, 2010
J.K. Wall
Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.
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HICKS: Courage will be necessary to curb inflationRestricted Content

March 6, 2010
Mike Hicks
Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.
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Intellectual property practices in law firms recovering from recessionRestricted Content

February 27, 2010
Norm Heikens
Practices are beginning to thaw along with other areas of the economy.
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