Employment

Unemployment rate dips even as hiring slows

September 5, 2014
Associated Press
The unemployment rate fell to 6.1 percent from 6.2 percent in August, although U.S. employers added fewer jobs than expected.
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Mortgage firm to expand to Westfield, add 360 jobs

September 4, 2014
Mason King
California-based Carrington Mortgage Services said Thursday it plans to spend $3.2 million to open an office in Westfield. In addition to the new hires, about 180 employees in Fishers would move to the Westfield location.
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Feds: AIT's Evans 'unjustly enriched' himself in sale to employees

September 2, 2014
J.K. Wall
Just three months before the parent company of AIT Laboratories was sold in 2009 to its employees for $90 million, it was appraised for $17.1 million, according to a U.S. Department of Labor lawsuit.
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Customer service firm plans to hire 1,000 workers

August 27, 2014
Mason King
The new part-time and full-time jobs will pay in a range of $12 to $18 per hour, according to Boston-based Interactions Corp.
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Vectren division sale costs 120 miners their jobs

August 24, 2014
Associated Press
Evansville-based Vectren Corp. says 120 southwestern Indiana coal miners will lose their jobs by month's end as the natural-gas utility completes the sale of its coal-mining subsidiary.
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Feds' new data adds shine to Hoosier incomes

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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Struggling Angie's List lays off 97 salespeople

August 22, 2014
Mason King
The consumer-review firm told federal regulators Friday that the move was "part of a focus on improving salesforce performance and productivity."
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Hospital services center to hire up to 320 workers

August 7, 2014
 IBJ Staff
An affiliate of Lutheran Health Network in northeast Indiana that concentrates on health-related businesses services expects to nearly triple its workforce.
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Indiana adds jobs, but unemployment inches up

July 18, 2014
 IBJ Staff
The state added 17,400 jobs to employer rolls in June, including a 7,400-worker boost in the government sectors. But a bump in residents returning to the labor force increased the unemployment rate.
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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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Planned Parenthood employee out after video sting in Indy

June 12, 2014
Allie Nash, The Statehouse File
At a local clinic, an undercover agent for an opposing group asked about sexual role-playing and recorded the conversation. Planned Parenthood officials say the exchange does not reflect their standards or protocols.
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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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Outside law firms find fertile ground in Indianapolis

June 4, 2014
Indiana Lawyer Staff, Dave Stafford
Quarles & Brady is the latest large law firm to expand to Indianapolis, and it plans to make a splash with a platoon of attorneys in high-profile office space.
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Big-rig seller Stoops to unload six-location dealership

May 23, 2014
Kathleen McLaughlin
Stoops Freightliner, an Indianapolis truck and trailer dealer, has agreed to sell to a larger dealership after more than 25 years in business. Owner Jeff Stoops grew it into a $323 million firm with 563 employees.
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UPDATE: Tech firm triggering $10M data center downtown

May 14, 2014
Dan Human
Michigan-base Online Tech plans to open a 25-employee facility just west of Lucas Oil Stadium, serving businesses that need cloud computing.
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Factory for refurbishing buses to close doors

May 14, 2014
Associated Press
Many of the 160 workers for ABC Companies in Nappanee will have a shot at jobs in a nearby plant for building double-decker buses.
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Interactive Intelligence to hire hundreds in growth plan

May 1, 2014
 Associated Press and IBJ Staff
CEO Don Brown recently told IBJ that the firm expected to hire in the neighborhood of 250 workers in 2014, and also was looking at constructing an additional building by its headquarters. An announcement is set for Thursday afternoon.
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Exec from struggling RadioShack joins HHGregg

April 30, 2014
 IBJ Staff
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
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Toolmaker's warehouse to close, laying off 80

April 23, 2014
Mason King
Irwin Tools plans to shut down its 456,000-square-foot warehouse and distribution center in Greenfield and consolidate operations elsewhere.
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Software firm Salesvue secures $3M in venture capital

April 22, 2014
Dan Human
The Indianapolis-based firm expect to boost its employment by 50 percent by the end of the year as it expands its sales and marketing nationally.
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Employee defection sparks battle between brokerages

April 17, 2014
Chris O'Malley
Hylant Group says a former worker in its Carmel offices broke a non-compete agreement and poached clients for his new insurance-brokerage gig in Indianapolis.
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Another printing plant to close, laying off 59

April 17, 2014
Associated Press
The move to end operations at the plant for medical packaging is just the latest in the continuing reshuffling of printing facilities in Indiana.
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Deca Financial to wind down after trustee opts for liquidation

April 15, 2014
Chris O'Malley
The Fishers debt collection agency had been forced into bankruptcy by creditors. On Monday, a judge approved a request to terminate the once-promising firm.
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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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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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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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