Indy saw uptick in economic growth for marginalized groups
The 2023 Metro Monitor report from the Brookings Institute showed that in terms of inclusive economic growth Indiana rose from 101st out of 192 metro areas in 2019 to 24th in 2021.
Economic Recovery
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U.S. employers add 916,000 jobs in March as hiring accelerated
Last month, hiring strengthened across the economy. Restaurants, hotels and bars—the sector that was most damaged by the virus—added 216,000 jobs. Construction companies, aided by better weather after severe storms in February, gained 110,000.
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COVID-19 uncertainty makes economic predictions more difficult
Economists are struggling to understand how bad the fallout might get and how long it might take to recover.
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IBJ Podcast: How can companies survive the economic calamity of COVID-19?
“It’s your job to survive and to make sure that when these social controls are lifted and everybody starts to come back out that you’re ready for business,” IU’s Phil Powell, an economist at the Kelley School of Business, tells host Mason King.
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Articles
Two forces collide to create most unusual job market in modern American history
The economy has seldom seen such a mismatch between so much demand for workers and so few people willing to work.
Central Indiana initiative named finalist in regional economic challenge
As a finalist, the Central Indiana Initiative, which is led by the city of Indianapolis, will receive a $500,000 grant to further develop its proposed projects. It is the running to win as much as $100 million more.
As companies scramble to hire, workers enjoy upper hand
There are signs that people are re-evaluating their work and personal lives and aren’t necessarily interested in returning to their old jobs, particularly those that offer modest wages.
Southwest adding nonstop Florida flights to Miami, Panama City Beach
The news of the new flights comes as the airline industry sees a rebound in passenger traffic from the pandemic, which decimated air travel last year.
March Madness will help restaurants. But how much?
The city will host an unprecedented number of games with the entire tournament being played in Indiana. But the pandemic will limit capacity at both games and restaurants.
Tournament’s economic impact will turn on number of fans who come
Even after the NCAA said Feb. 19 that some spectators will be allowed at the games, local tourism officials and economists are still tempering their financial expectations.
Indiana should see some economic recovery this year, economist says
Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
New report outlines challenges, solutions for Indiana’s economy
The Brookings Institution report, “Indiana GPS: Strategies for Resilience,” identifies job growth, wages and technology as areas for improvement in the state’s economy.
U.S. consumer sentiment climbs to a six-month high in September
Just 16% of respondents said they expected the economy to worsen in the year ahead, the smallest share since 2015 and consistent with an economy and labor market that are slowly recovering.
Auto industry bracing for slight sales declines this year and next
Following seven years of growth in new-vehicle sales, U.S. consumers appear to be tapping the brakes—but the auto industry says the slowdown is not causing them concern.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
U.S. economic growth upgraded to 3 percent in second quarter
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
Survey of economists finds optimism about growth prospects
Economists surveyed by the National Association for Business Economics are generally optimistic about the U.S. economy, with most expecting stronger growth than last year's poor performance.
U.S. economic growth slowed in fourth quarter
The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday.
Economists predict improved, but still slow, economy in 2017
The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2 percent in 2017.
Second quarter U.S. GDP growth revised downward
The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.
U.S. incomes rise, but top 1 percent gain most
The incomes of households outside the very top tier appear finally to be recovering from the Great Recession.
Markets plunge as Britain decides to exit European Union
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
Markets, bettors put money on Britain staying in EU
The momentum appears to favor those who wish to remain in the European Union. The betting market Betfair said the probability that the country will stay stands at 86 percent. Optimism in financial markets also points in that direction.