To an extent that has surprised economists, many people who lost or quit their jobs during the pandemic recession have yet to look for work again despite a robust economic rebound that has left many employers desperate to hire.
IBJ Podcast: Can you afford to quit your job and be part of the Great Resignation?
Host Mason King talks with Peter “Pete the Planner” Dunn about how to prepare financially to leave your job. Plus, Pete offers a prediction about the stock market as the year comes to a close.Read More
Low-wage workers have least cushion during coronavirus crisis
Many of those workers already live paycheck to paycheck—and a disruption in the flow of those checks could set off long-term financial problems. Foreclosures, evictions, bankruptcies, repossessions and more.Read More
Mantech International, a Virginia-based defense contractor with a burgeoning presence in Indiana, says a partnership with Purdue University’s online-learning division has helped the company grow its Indiana workforce.
About 100,000 seasonal workers will be hired nationwide, the retailer said Thursday, about 30,000 less than last year. Many of those workers will be offered jobs beyond the holiday season.
The numbers are staggering: The child-care services industry is still down 126,700 workers—more than a 10 percent decline from pre-pandemic levels, Labor Department data shows.
Economists have forecast that employers added 750,000 jobs in August, according to the data provider FactSet. That would represent a substantial gain, but below the roughly 940,000 jobs that were added in both June and July.
An estimated 137,857 Hoosiers were unemployed and seeking jobs in July, the state reported Friday. That’s was down from 138,192 in June.
Wages have been rising rapidly as the economy reopens and businesses struggle to hire enough workers. Some of the biggest gains have gone to workers in some of the lowest-paying industries.
June was the 13th consecutive month manufacturing has grown after contracting in April 2020, when coronavirus fears triggered business shutdowns across the country.
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
Joshua Payne-Elliott, a foreign language and social studies teacher, sued the archdiocese after his contract with Cathedral High School was terminated in June 2019 for being in a same-sex marriage.
Layoffs and lockdowns, combined with enhanced unemployment benefits and stimulus checks, have given many Americans the time and the financial cushion to rethink their careers.
Host Mason King talks with two restauranteurs—Loughmiller’s Pub & Eatery co-owner Danny Scotten and Upland Brewing Co. President David Bower—about how the labor crunch is affecting their eateries and what they’re doing to try to find workers.
Chicago-based ActiveCampaign hasn’t realized the type of employment growth it projected in Indianapolis when it opened its local office two years ago. Company officials, however, emphasized this week that they still have big plans for the Indy office.
The state’s unemployment rate has been doggedly retracing its steps over the last year from its latest spike, falling from 16.9% in April 2020 to 3.9% last month.
The recruiting technology company, which entered the local market with a single-employee office in 2014, began growing its Indianapolis operations after acquiring Canvas Talent Inc. in early 2019.
The pickup in hiring lowered the unemployment rate from 6.3% to 6.2%, the Labor Department said Friday in its monthly jobs report. That is down dramatically from the 14.8% jobless rate of April of last year, just after the virus erupted in the United States.