Unemployment

State adds jobs; unemployment rate remains at 5.9 percent

August 18, 2014
 IBJ Staff and Associated Press
Indiana added 9,900 private-sector jobs in July, with more than half of them coming in the manufacturing sector, the state announced Monday morning.
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U.S. employers add 209K jobs; rate rises to 6.2 percent

August 1, 2014
Associated Press
July marked the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic recovery.
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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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Indiana unemployment rate holds steady

June 20, 2014
 IBJ Staff
The state's jobless rate held firm in May at 5.7 percent, following nine straight months of declines.
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Improving jobs numbers mask painful recovery

June 9, 2014
Associated Press analysis
The U.S. economy has finally regained the jobs lost to the Great Recession, but a smaller percentage of Americans are actually working and median household income has declined considerably since before the recession.
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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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U.S. gains 288,000 jobs as rate falls to 6.3 percent

May 2, 2014
Associated Press
U.S. employers added a robust 288,000 jobs in April, the most in two years. The unemployment rate sank to 6.3 percent, its lowest level since September 2008. But the drop occurred because the number of people working or seeking work fell sharply.
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Indiana unemployment rate drops to 5.9 percent

April 18, 2014
 The Statehouse File
The state’s unemployment rate continued to fall in March, dropping to less than 6 percent for the first time since July 2008.
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Applications for unemployment aid hit 7-year low

April 10, 2014
Associated Press
The decrease suggests that employers expect stronger economic growth in the coming months and are holding onto their workers.
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Indiana's jobless rate experiences another big drop

March 28, 2014
 IBJ Staff
The state added 5,400 private-sector jobs February while the number of officially unemployed Hoosiers fell to fewer than 200,000 for the first time since August 2008, the state said.
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Good news, bad news in state employment report

March 17, 2014
John Sittler, The Statehouse File
The Hoosier state added 4,600 jobs in the manufacturing sector in January, the most in the country. But Indiana also lost 7,100 private sector jobs, leaving the state at a net loss of 2,500 jobs for the month.
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Indiana unemployment rate drops to 6.4 percent

March 17, 2014
Associated Press
Figures released Monday by the state Department of Workforce Development show Indiana's jobless rate for January fell four-tenths of a percentage point from the month before.
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U.S. job gains exceed predictions, but unemployment rate rises

March 7, 2014
Bloomberg News
Employers added more workers than projected in February, while unemployment rose to 6.7 percent from 6.6 percent as more people entered the labor force.
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U.S. applications for jobless aid reach 3-month low

March 6, 2014
Associated Press
That average indicates that companies are cutting few jobs, but employment growth has been lackluster in recent months.
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Hamilton County's low jobless rate roils labor market

March 1, 2014
Kathleen McLaughlin
Hamilton County employers are having trouble filling lower-wage jobs. At 4.5 percent in December, Hamilton County’s jobless rate was the lowest in the metro area and one of the lowest in the state.
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State unemployment rate shrinks to 6.9 percent

January 28, 2014
 IBJ Staff
The improvement came despite a small decline in private-sector employment of 4,800 jobs during the month.
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State revamps its revenue forecasting after big miss

January 18, 2014
Kathleen McLaughlin
Growing ranks of dropout workers have nagged the economy throughout its recovery, and now Indiana’s budget forecasters feel they can’t ignore the trend. They recently revised their outlook on state revenue downward, partly because so many Hoosiers stopped looking for jobs.
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Upswing causing slowdown in startups

January 11, 2014
Dan Human
The number of newly formed Indiana companies slumped in 2013, the first such dip since the recession, but the small drop could actually be a positive sign for the economy. Established companies have more job openings than a few years ago, meaning workers have less incentive to start their own businesses, as thousands did when the economy tumbled.
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Weekly U.S. unemployment benefit claims drop

January 9, 2014
Associated Press
Applications are a proxy for layoffs. They appear to have stabilized near pre-recession levels after a period of volatility around the Thanksgiving and Christmas holidays.
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Showdown set on unemployment bill in U.S. Senate

January 7, 2014
Associated Press
The new year looks a lot like the old one in the Senate, with Democrats scratching for votes to pass an agenda they share with President Barack Obama, and Republicans decidedly unenthusiastic about supporting more spending.
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Weekly U.S. unemployment benefit claims dip slightly

January 2, 2014
Associated Press
The Labor Department said Thursday that the less volatile four-week average rose 8,500, to 357,250. The average was driven up in recent weeks by spikes that reflected seasonal volatility around the Thanksgiving and Christmas holidays.
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State outpaces nation in job creation; unemployment falls

December 20, 2013
 IBJ Staff
Job numbers increased faster in Indiana in November than in any other state, the government reported Friday morning. The unemployment rate also dropped 0.2 points, to 7.3 percent.
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U.S. employers add only 148K jobs; rate falls to 7.2 percent

October 22, 2013
Associated Press
The unemployment rate fell to nearly a five-year low in September, the Labor Department said Tuesday. Still, the percentage of Americans working or looking for work remained at a 35-year low.
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State loses jobs; unemployment rate declines to 8.1 percent

September 20, 2013
 IBJ Staff
The state saw sizable job increases in manufacturing, health services and educational sectors, but that was offset by decreases in trade, transportation, utilities and construction.
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State takes aim at reducing jobless overpayments

September 16, 2013
Kathleen McLaughlin
Indiana will soon require beneficiaries to appear in-person at WorkOne centers. The state hopes the counseling that people receive will reduce their job-search time by two weeks and, because they’ll have to show identification, take a big bite out of fraud.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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