Indiana unemployment dipped to 3.1% in January
In a snapshot of the state’s workforce from January, private employment grew in the transportation, hospitality, education and health sectors while declining in manufacturing.
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IBJ Podcast: Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio
Peter Dunn talks with podcast host Mason King about what people can do to prepare for what he believes will soon be a recession. The goal, he said, is to “get lean.”
United Airlines to cut capacity by 50%, warns cuts could last until summer
United said Sunday night it expects planes to be only 20% to 30% full at best, down from nearly 90% before the virus hit. The airline said the cuts could extend into the peak summer travel season.
CDC’s latest guidance could mean no sports for much longer
The already-delayed professional sports seasons in North America could be on hiatus for significantly longer than first planned after federal officials said Sunday that they recommend all in-person events involving 50 people or more be called off for the next eight weeks.
Indiana school closures remain optional as other states order students home
More than 200 of Indiana’s nearly 300 districts have closed after consultations with local health officials. But, in at least 21 states, officials have ordered closures to try to stop spread of COVID-19.
Stock futures sink after rate cut, new virus restrictions
Stocks are set for more turbulence following a dizzying week that saw the Dow twice fall by more than 2,000 points and also record it’s biggest point gain ever—1,985 points on Friday.
Area hospitals restrict elective surgeries to prep for possible influx of virus patients
Ascension St. Vincent, Community Health and Franciscan Health have confirmed plans to restrict elective procedures to shore up critical supplies and keep the virus from spreading.
Federal officials recommend gatherings of less than 50, announce new testing options
The Trump administration announced Sunday that some of the most vulnerable Americans will be able to get tested for the coronavirus from cars starting this week—a less ambitious program than the swift nationwide testing campaign President Trump promised Friday.
Fed slashes rate to near zero, eases lending rules
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Two neighboring states order bars, restaurants to close
| Associated Press and IBJ Staff
Pickup orders and deliveries will still be permitted, but dining rooms must shut to try to slow spread of COVID-19.
What you need to know about the NFL’s new labor agreement
The deal makes changes for the 2020 season and runs for 10 years after that, through the 2030 season. It brings some significant changes to the sport.
Fed’s coronavirus expert says he’s open to a 14-day ‘national shutdown’ to stem virus
But Dr. Anthony Fauci said travel restrictions within the United States, such as to and from hard-hit Washington state and California, probably will not be needed anytime soon.
Virus screenings jam US airports; ‘atrocious,’ a flyer says
The dense crowds Saturday at some of the 13 airports where travelers from Europe are being funneled—among the busiest across the country—formed even as public health officials called for “social distancing” to stem the spread of the pandemic.
With unprecedented force and speed, a global recession is likely taking hold
Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.
Ed Feigenbaum: How would General Assembly meet during times of crisis?
It was a fortuitous decision by legislative leaders heading into January to seek adjournment sine die by March 11 or 12.
Trump takes virus test, awaiting results
Trump also told reporters at a White House briefing that he had his temperature taken before stepping into the room and it was “totally normal.”
Holcomb suspends commercial driver rule, acts to help low-income Hoosiers keep services
Holcomb signed an executive order meant to speed up deliveries to retailers, which are running short of supplies, by lifting regulations on the number of hours that commercial drivers can work.
White House, House Democrats reach deal on coronavirus economic relief package
Agreement calls for spending tens of billions of dollars on sick leave, unemployment insurance, food stamps and other measures to address the unfolding COVID-19 crisis.
Democratic, Republican chairmen call for more flexibility in primary voting
The party leaders did not suggest any delay in the May 5 primary itself.
Dow soars nearly 2,000 points as Trump announces new virus measures
Investors have been clamoring for strong action from the U.S. government to combat the economic impact of the virus outbreak.