Is economy on track for soft landing? Jobs report might offer clues.
The November jobs report from the Labor Department is expected to show that employers added a still-solid 172,500 jobs last month, according to a survey of economists by FactSet.
Employment
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Goodwill of Central & Southern Indiana to lead Puerto Rico expansion
By 2024, Goodwill aims to establish three stores in Puerto Rico and have 40 to 80 employees working on the Caribbean island.
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Indiana executive-branch employee misreported work hours, report finds
The Marion County Prosecutor’s Office declined to file criminal charges in the case because the state employee paid back the full amount of $7,617.50 in restitution.
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About 300 logistics employees affected by change in operations at Whitestown facility
Kuehne+Nagel Inc. said in a notice to the state that it will cease operations with Rockwell Automation when the contract between the companies terminates May 10.
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Doctors ask lawmakers to free them from noncompete agreements
The Legislature is considering a bill that put Indiana on a list of more than a dozen other states that expressly prohibit or sharply limit non-compete agreements for physicians and other patient-care professionals.
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Articles
U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.
U.S. employers pulled back on hiring in October
In another sign of a possible softening in the labor market, the Labor Department revised down its estimate of job growth in August and September by a combined 101,000.
U.S. job openings rise slightly in monthly count
The September openings are down from a record 12 million in March 2022 but remain high by historical standards.
Ascend Indiana CEO Jason Kloth stepping down
Kloth, a former Indianapolis deputy mayor, helped launch the Indianapolis-based talent-development and job-placement initiative in 2016.
Sagamore Institute conference to focus on future of work
The initiative comes as other Indianapolis-based organizations have ramped up efforts to improve workforce development, which remains a top challenge for many Hoosier businesses.
U.S. employers added surprisingly strong 336,000 jobs in September
The economy has now added an average of 266,000 jobs a month for the past three months, a streak that could make it likelier that the Federal Reserve will raise its key rate again before year’s end as it continues its drive to tame inflation.
LabCorp to pay $525K to Indy employees after discrimination claims
The labor department looked into potential discrimination by the federal contractor at its Indianapolis facility as a part of a routine investigation, federal officials said.
Why the U.S. job market has defied rising interest rates, expectations of high unemployment
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure—much higher interest rates, to cool spending and hiring—was expected to bring even more pain.
Applications for jobless benefits fall to lowest level in nearly 8 months
U.S. businesses have been adding an average of about 236,000 jobs per month this year, down from the pandemic surge of the previous two years, but still a strong number.
Faced with return-to-office mandates, some workers are quitting
Human resources experts say by enforcing rigid policies, employers run the risk of losing top performers and diversity.
U.S. hotels working with 238K fewer workers than before pandemic
Nationally, many hotels say they have been trying to increase head count—they just haven’t had much luck. A May survey by the American Hotel & Lodging Association showed 82% of hotels were experiencing staffing shortages, most notably in housekeeping.
Indiana clean energy employment growing, new report says
Every clean energy sector in Indiana added jobs in 2022 according to Clean Jobs America, and the Indianapolis-Carmel-Anderson metropolitan areas led all metros for the most clean energy jobs.
Worker shortage leads firms to hire more ex-offenders
More than ever, Indianapolis-area companies are becoming so-called “second-chance employers” willing to hire people with arrest records and providing additional services to ex-offenders needing first jobs.
Almost half of Americans see automation replacing their jobs
Younger workers and Blacks and Hispanics consider themselves most exposed, while baby boomers and white Americans are less concerned, based on the survey.
Indianapolis school districts see some staffing woes ease in new school year
Bus driver shortages and teaching vacancies worsened in the wake of the pandemic, but some districts say things are now looking up.
More Hoosiers opting to unretire
A strong stock market in the first 18 months of the pandemic boosted the retirement earnings of many Americans, helping to spur the “Great Retirement Boom.” Inflation and others factors have since sent some older Americans back to work.
‘Work from anywhere’ jobs draw record demand as summer travel heats up
More job seekers are searching for work that allows them to take long-awaited trips without spending all their paid time off.
U.S. hiring slows, but still shows signs of economy’s resilience
The June hiring figure reported by the government Friday is the smallest in 2-1/2 years. But it still points to a durable labor market that has produced a historically high number of advertised openings.
Applications for jobless benefits in the U.S. retreat after three weeks of elevated claims
U.S. employers added a surprising 339,000 jobs last month, well above expectations, painting a mostly encouraging picture of the job market.