Economy

HICKS: Recession may help close job-skills gapRestricted Content

December 12, 2009
Mike Hicks
One of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
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Retail sales rise more than expected

December 11, 2009
Associated Press
The government's report came as a surprise because the nation's retailers have been reporting generally lackluster results for the start of the holiday shopping season.
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Jobless claims rise unexpectedly

December 10, 2009
Associated Press
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.
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Some area manufacturers see blue sky after year dominated by recessionRestricted Content

December 5, 2009
Kathleen McLaughlin
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year adrift in the recession, they see signs of land ahead.
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State colleges face $150M in cuts as tax revenues fall

December 4, 2009
 IBJ Staff and Associated Press
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
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Some observers fear return of rising prices, stagnant growthRestricted Content

November 21, 2009
Peter Schnitzler
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
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State's jobless rate ticks up

November 20, 2009
Scott Olson
Indiana's unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months, the Indiana Department of Workforce Development said Friday morning.
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Indiana voters trending against schools in tax votes

November 7, 2009
Associated Press
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.
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MARCUS: The economic exorcism was successful

November 7, 2009
Morton Marcus
The damage done by the recession is still with us, even if the recession itself has ended. But sufficient evidence is available to suggest that the demon recession has left the nation’s economic body.
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IU economists forecast tepid growth in 2010

November 5, 2009
Scott Olson
Indiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal income of Hoosiers to grow slightly and the state to add 50,000 jobs.
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Greensburg manufacturer sold, jobs moving to Oklahoma

November 3, 2009
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
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HICKS: Recession results in 'great deleveraging'Restricted Content

October 31, 2009
Mike Hicks
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
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Indiana insurance industry weathers hard times

October 24, 2009
J.K. Wall
Employment in Indiana's insurance industry has remained stable despite a poor economy.
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HICKS: Non-market valuation is an important planning toolRestricted Content

October 24, 2009
Mike Hicks
One of the more intriguing things economists are called upon to do is what is known as non-market valuation. This is a process for estimating a â??priceâ?? of something that isnâ??t typically bought or sold.
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State jobless rate dips for third consecutive month

October 21, 2009
Scott Olson
Unemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates, the Indiana Department of Workforce Development said Wednesday morning.
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Lockheed Martin planning Indianapolis layoffs

October 19, 2009
 IBJ Staff
Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
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Survey: Manufacturers optimistic about economic recovery

October 13, 2009
Scott Olson
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year, according to an annual survey commissioned by Katz Sapper & Miller LLP.
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IU: Indiana economy turned in March

October 7, 2009
Norm Heikens
The Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
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HICKS: What a third-grader gets about economic policy

October 3, 2009
Mike Hicks
Business and people now, and in the future, will choose to locate in places that have the right mix of taxes and public services.
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U.S. jobless rate reaches 9.8 percent in September

October 2, 2009
Associated Press
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
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KATTERJOHN: Buy some underwear, men

September 26, 2009
Chris Katterjohn
It turns out the purchase of men’s underwear is an esoteric economic indicator for economists all over the world. Alan Greenspan himself apparently considers it important. That was news to me.
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MANN: Commercial real estate is next mortgage crisisRestricted Content

September 19, 2009
Brian Mann
The cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
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State's jobless rate dips, but decline could be temporary

September 18, 2009
 IBJ Staff
Indiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce Development said this morning, but the decline could just be a blip.
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MARCUS: State's long-term job deficit tops 800,000

September 12, 2009
Morton Marcus
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
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MARCUS: Transportation tells us about economy

September 5, 2009
Morton Marcus
Our many national concerns are manifest in the widespread transportation industry. The level of economic activity determines the demand for transportation services and equipment.
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