Indy housing market getting some traction
The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full
recovery is one to two years away.
Economy
Articles
KATTERJOHN: Buy some underwear, men
It turns out the purchase of men’s underwear is an esoteric economic indicator for economists all over the world.
Alan Greenspan himself apparently considers it important. That was news to me.
Jobless claims, home sales drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Bill extends jobless benefits in Indiana, 26 other states
With no end in sight to the country’s job market woes, the U.S. House has agreed to give the jobless in a majority of states,
including Indiana, another 13 weeks of unemployment insurance benefits.
State’s jobless rate dips, but decline could be temporary
Indiana’s unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce
Development said this morning, but the decline could just be a blip.
New jobless claims drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell last week to the lowest level since early July, possible
evidence that job cuts are slowing.
MANN: Commercial real estate is next mortgage crisis
The cresting wave of maturing commercial real estate debt is the second act in our nation’s credit crisis.
A beachhead in Warsaw
The launch of the orthopedics not-for-profit OrthoWorx is quite an accomplishment in Warsaw, where some of the world’s
biggest companies fight tooth-and-nail.
MARCUS: State’s long-term job deficit tops 800,000
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s
metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
Recession likely over in Indiana
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
For the jobless, Labor Day is not much of a holiday
The nearly 15 million unemployed Americans won’t enjoy Labor Day as a relaxing respite from work. Instead, they’ll once again
need to prepare to get up, hit the pavement and keep hunting for a job.
National jobless rate hits 26-year high
The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job
market that will make it hard for the economy to begin a sustained recovery.
Potential Harley-Davidson plant could become tourist attraction
The so-called Shelbyville site Harley-Davidson is considering for a new assembly plant actually isn’t in Shelbyville,
but rather in an unincorporated portion of Shelby County near the Marion County line.
New jobless claims dip less than predicted
New jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job
market’s recovery will be long and bumpy.
MARCUS: Transportation tells us about economy
Our many national concerns are manifest in the widespread transportation industry. The level of
economic activity determines the demand for transportation services and equipment.
Forecast: Indy to recover in 2012
IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.
Worker productivity soars, labor costs plummet
Worker productivity, the single biggest factor determining living standards, grew at the fastest pace in nearly six years
in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession.
Kansas City out of running for Harley-Davidson plant
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas
City from the list of potential sites.
Lumina chair Mutz preps for a W downturn
John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
Economy pushes executives into small firms
In the recession, folks with former big-company careers
are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for
a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.