A Riley Hospital for Children doctor is launching a training center for a national anti-poverty program called Circles, which matches poor people with middle-class “allies.” The idea is that people find their own way out of poverty by expanding their personal networks to include the middle class.
Despite President Barack Obama's exhortations, the Senate prepared to swiftly kill his jobs package Tuesday and the White House and congressional leaders were already moving on to other ways to cut the nation's painfully high unemployment without raising taxes.
The burst of hiring followed a sluggish summer for the economy—and at least temporarily calms fears of a new recession that have hung over Wall Street and the nation for weeks.
The Bureau of Labor Statistics said Elkhart County saw its employment increase 6.2 percent from March 2010 to March 2011.
The three Indiana cities had among the largest 2010 increases in the U.S. in the value of goods and services they produce.
The U.S. economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices.
The number of people applying for unemployment benefits jumped last week to the highest level in three months, another sign that the job market remains depressed.
Stocks fell Tuesday morning after consumer confidence dropped to the lowest level since April 2009. Retailers and other companies that depend on consumer spending had the steepest losses.
As the national economy sputters, the Indianapolis area is losing jobs faster than its peers, falling to levels not seen since 2002.
Indiana’s jobless rate moved up from 8.3 percent in June. The rate had held steady at 8.2 percent the previous two months.
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
I’m struggling with moving on from recent events, after losing about 15 percent of value in my equity investments in 11 business days. I’m angry. I’m really angry.
There are many reasons to believe the second half of the year will bring a faster-growing economy.
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
Stocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.
The number of people applying for unemployment benefits fell last week to the lowest level in seven weeks, although applications remain elevated.
The Indianapolis Star on Tuesday laid off 62 employees including more than 15 percent of its newsroom staff in the latest round of cost-cutting by Gannett Co. Inc., the newspaper's parent company.
