U.S. added 200K jobs in January as pay rose most in 8 years
The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from minimum wage increases in 18 states also likely boosted pay last month.
Economy
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Will bull market continue through 2018? Financial pros weigh in
As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.
U.S. employers post fewer jobs openings for second straight month
With the economy expanding at a solid pace and businesses confident about future demand, hiring is expected to remain solid going forward.
U.S. employers add 148K jobs; jobless rate stays at 4.1 percent
Job gains in December were modest, but still enough to suggest that the economy entered the new year with solid momentum.
Applications for U.S. jobless aid hold at 245,000
Steady economic growth is encouraging more hiring. The unemployment rate is at a 17-year low of 4.1 percent.
Retailers eye merriest Christmas since recession as sales surge
The Commerce Department reported better-than-expected U.S. retail sales for November and revised its October figures upward, bringing a fresh wave of optimism to a long-embattled industry.
U.S. employers add 228K jobs; unemployment rate at 17-year low
Friday's jobs report made clear that the U.S. economy is on firm footing and is likely benefiting from more resilient global growth, with all major economies across the world expanding in tandem for the first time in a decade.
China is giving Cummins a big boost, but will it last?
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
Pace of third-quarter economy better than first estimated
Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.
U.S. consumer confidence rises to highest level since 2000
The business research index measures consumers’ assessment of current conditions and their outlook for the next six months. Both improved this month.
Indiana’s unemployment rate creeps up to 3.9 percent
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
U.S. hiring jumps as employers add 261K jobs after hurricanes
The unemployment rate declined to 4.1 percent, the lowest in nearly 17 years, from 4.2 percent in September, the Labor Department said Friday.
IU experts expect Indiana’s economy to outpace nation’s in 2018
In their annual Business Outlook forecast, Indiana University Kelley School of Business economists say employment gains will fuel economic growth in 2018.
Consumer spending sees largest gain in eight years
Income growth was also solid in September, rising by 0.4 percent as wages and salaries climbed.
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. unemployment claims drop to 222,000, lowest in 44 years
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
Indy GDP keeps up with most peer cities
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
Hamilton County employers try to fill thousands of positions as jobless rate falls
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
U.S. job growth slows in August, but overall trend still strong
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
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.