Jobless rate unexpectedly falls to 10 percent
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October’s revised total of
111,000.
Economy
Articles
Carp, shipping and a lawsuit
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Productivity surges 8.1 percent, most in 6 years
The U. S. Commerce Department said productivity rose at an annual rate of 8.1 percent in the third quarter, the biggest jump
since 2003.
Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
Rich flocking to real estate
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
Factory orders fall unexpectedly
Orders for costly manufactured goods dropped 0.6 percent last month, following a 2-percent gain in September.
Consumer-spending increase beats expectations
The Commerce Department reported Wednesday that consumer spending rose a brisk 0.7 percent last month, following a pullback
in September.
Rising unemployment taxes could hinder hiring
The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.
State’s jobless rate ticks up
Indiana’s unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
Some observers fear return of rising prices, stagnant growth
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
Analyst: No trucking U-turn till late 2010
FTR Associates analyst Jon Starks says truck manufacturers won’t feel an improved economy until at least late 2010.
Daniels and entrepreneurship
Does Gov. Mitch Daniels’ economic development strategy emphasize job attraction at the expense of entrepreneurship?
Your unemployment rate
Unemployment is hitting various demographic groups quite differently.
Is China a ‘paper dragon’?
For various reasons, more experts are doubting China’s underlying strength.
Holding steady on Wawasee
Lake Wawasee, the popular northern Indiana getaway for some of the wealthiest people in the Indianapolis area, is doing fairly
well despite the real estate bust.
Layoff euphemisms
Corporations simply don’t like direct language, a Butler University professor says.
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.
U.S. jobless rate tops 10 percent for first time since 1983
Nearly 16 million people can’t find jobs even though one of the the worst recessions in generations has apparently ended.
MARCUS: The economic exorcism was successful
The damage done by the recession is still with us, even if the recession itself has ended. But sufficient evidence is available to suggest that the demon recession has left the nation’s economic body.
IU economists forecast tepid growth in 2010
Indiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal
income of Hoosiers to grow slightly and the state to add 50,000 jobs.