The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
With just about all the meat gnawed off the bones, lawmakers might turn on each other in the upcoming General Assembly.
President Barack Obama on Thursday signed into law a restoration of benefits for people who have been out of work for six
months or more. The move ended an interruption that cut off payments averaging about $300 a week to 2½ million people
who have been unable to find work in the aftermath of the nation's long and deep recession.
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that
drop was driven by temporary seasonal factors and not an improving job market.
A bill advancing in Congress that would restore unemployment benefits for millions of Americans could help about 80,000 Indiana
residents who have been out of work more than six months.
In other markets, homeowners who can afford their payments are making the ethical and financial calculus to hand the keys
back.
June figure hits 10.1 percent, up a tick from April and May, marking the third straight month Indiana’s unemployment rate
has been in double digits.
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and
fewer cutting jobs, but the pace of growth has slowed, a new survey shows.
Politicians are beginning to tepidly make the case to head off disaster.
The Labor Department said new claims dropped to the lowest level since August 2008. But much of that was the result of seasonal
factors.
The bleeding seems to have stopped where job loss is concerned, but it’s not time to pat ourselves on the back.
Indiana doesn't come out so badly in a new Federal Reserve study.
They're some of the most stable people in the state, a new study shows.
It’s a tough time to be starting in the profession when established lawyers struggle to keep up their practices and
client lists.
An economic development observer questions what will happen after the feds turn off the tap.
CEO Ron Pearson attributed the decision to the difficult economic conditions. The firm was hit particularly
hard in 2007, when it lost a $20 million HHGregg advertising account.
Pessimism about economic recovery grows as employment numbers for June fall short of expectations.
Americans spent a little more in May but not enough to speed along the economic recovery.
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance
of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
Purchases of new homes in the United States fell in May to a record low as a federal tax credit expired, showing the market
remains
dependent on government support.
