Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
Economy
Articles
State jobless fund tax increase becomes hot topic
Whether to delay increases in taxes that employers pay to Indiana’s unemployment insurance fund is becoming a
contentious issue in the General Assembly.
Kmart closing adds to Connersville jobless woes
Kmart’s announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County,
where the city is located, already is strapped by steep job losses.
Jobless claims fall more than expected
The number of newly laid-off workers seeking unemployment benefits fell sharply last week, a hopeful sign the job market may
be improving.
Wholesale inventories drop unexpectedly
Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that
companies are still too pessimistic about the economy to begin restocking shelves.
National unemployment rate drops to 9.7 percent
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
Indy without Lilly, the 500?
An Indiana University prof thinks Indianapolis should anticipate a future without Indianapolis Motor Speedway, and a potentially
reduced Eli Lilly and Co.
Obama unveils 2011 budget with $3.8 trillion in spending
The president’s budget offers tax cuts for businesses, including a $5,000 tax credit for hiring new workers this year, help
for the unemployed and $25 billion more for cash-strapped state governments. Job creation will take precedence over stemming
a surging deficit.
Obama takes populist tone in fight over jobs
The president’s unemployment strategy is twofold: create jobs, and force Republicans to choose between helping Main Street
and Wall Street.
Economy bolts forward 5.7 percent in fourth quarter
There’s more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending
increases.
Ind. House muddies future of unemployment tax bill
The fate of a bill that would delay unemployment tax increases on businesses remains unclear in the Democrat-controlled Indiana
House.
Jobless claims rising again
The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week.
Clarian to resume construction at Riley Hospital for Children
It’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.
Economy loses more jobs, but unemployment rate steady
The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected. But
the nation’s unemployment rate held steady at 10 percent.
Jobless claims fall unexpectedly as layoffs ease
The Labor Department said today that new claims for unemployment insurance fell by 22,000, to a seasonally adjusted 432,000,
the lowest since July 2008.
KATTERJOHN: Rise to the challenge in 2010
Multiple challenges remain,
no doubt. But I feel a whole lot better about our prospects than I did a year ago at this time.
MARCUS: Don’t learn economics from announcers
We don’t support the library or most government services with adequate taxes.
Consumer confidence up in December
The rise was fueled by a long-term outlook on jobs that reached its highest level in two years, but the reading of 52.9 is
still far short of the 90 that would signify a solid economy.