RV industry leaders say rebound picking up speed
Key manufacturers and suppliers have announced recent expansions, the stock market is at an all-time high, and consumers are more confident in the future, industry leaders say.
Economy
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Consumer spending hits first decline since January
U.S. consumer spending edged down 0.1 percent last month after a 0.4-percent increase in June, the Commerce Department reported Friday.
U.S. economy forecast to grow by 1.5 percent in 2014
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration’s.
U.S. durable goods orders show record surge
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft. Outside of transportation, orders dipped.
Weekly U.S. unemployment claims jump by 21,000
The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
U.S. employment openings hit 13-year-plus high
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
Let corporations influence laws governing them
Corporations are among our oldest institutions. Something like a joint stock company probably triggered the earliest formal written communication—the accounting ledger.
U.S. employers add 209K jobs; rate rises to 6.2 percent
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.
As U.S. job market strengthens, many don’t feel it
The economic recovery is entering its sixth year, but a number of factors help explain why many Americans don't feel better off.
Revised data: Economy grew faster in 2nd half of 2013
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
Unemployment applications drop to lowest level in 7 years
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.
Yellen says economy still needs Fed support
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
U.S. employment rises more than expected
Employers added more workers than projected in June and the unemployment rate fell to an almost six-year low of 6.1 percent, Labor Department figures showed Thursday.
Improving jobs numbers mask painful recovery
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.
Unemployment rate holds steady as U.S. regains lost jobs
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.
U.S. economy shrinks for first time since 2011
U.S. gross domestic product contracted at an annual rate of 1 percent in the first quarter, the Commerce Department said Thursday.
Indiana adds jobs, sees April unemployment rate slip
Non-farm employment in the state increased 0.1 percent, or by 4,200 jobs, from March. The jobless rate fell to 5.7 percent from 5.9 percent, its ninth straight monthly decline.
U.S. jobless claims hit highest mark since February
The number of Americans applying for unemployment benefits rose last week to the highest level since February, a dose of mixed news for an economy that appears to be gaining momentum.
Growth in Hoosier wages lagging inflation
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.
U.S. employers add 192K jobs; jobless rate unchanged
March's job gain nearly matches last year's average monthly total, suggesting that the job market has mostly recovered from the previous months' severe winter weather.