State jobless rate continues to improve, hitting 5% in October
Indiana’s unemployment rate has been doggedly retracing its steps in recent months from 16.9% in April, when the pandemic paralyzed sections of the economy.
Employment
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Pay cuts, layoffs hit white-collar workers, too
Experts say the wave of layoffs and pay cuts that first ravaged the service industry in mid-March are starting to erode management, upper-level and even executive jobs.
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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.
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Indiana jobless rate remains steady at 3.6% in May
Indiana’s labor-force participation rate—the percentage of the state’s population that is either employed or actively seeking work—dipped from 65.3% in April to 65% in May.
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Articles
Employ Indy, Ascend Indiana launch paid high school apprenticeship program
The apprenticeship will enable high school students to attain soft skills, technical skills and relevant work experience in growing, high-demand industries.
Indiana unemployment rate inches lower, ending string of big strides
The pace of Indiana’s steadily improving unemployment rate slowed considerably in September. Meanwhile, the state’s labor force participation rate and private employment numbers dropped.
Indiana unemployment rate recovers to single digits
The unemployment rate in Indiana rebounded dramatically in July, although the positive economic indicator was undermined by a drop in the state’s labor force.
Trump orders limits on foreign workers, extends immigration restrictions
The freeze announced Monday will apply to the H1-B visa category for highly skilled workers, the H4 visa for their spouses and the L visas companies use to transfer international employees into the United States.
Indy tech sector is growing in size, but not in U.S. job market share
A recent report concluded that 90% of the nation’s tech and innovation sector employment growth from 2005 to 2017 was generated in just five major coastal cities: Seattle, Boston, San Francisco, San Diego and San Jose, California.
Upcoming U.S. jobs data will provide gauge for virus economic damage
A range of job market barometers will provide some of the most vital signals about the economy in the coming weeks and months.
U.S. economy added 225,000 jobs in January as more people entered market
But revisions to reported job growth in 2018 and 2019 show that the government overcounted by about half a million jobs.
U.S. jobs report should offer clues to state of economy
With signs of a weakening economy spreading and financial markets gyrating, Friday’s monthly jobs report will be watched for any evidence that the turmoil might be threatening the critically important U.S. job market.
Target increasing holiday hiring by 4%, to more than 130,000
Retailers will likely have a tough time attracting holiday help again this year. Unemployment is near a 50-year low, and people can be pickier about where they work.
Indicators in U.S. jobs market warn of possible weakness ahead
Two key indicators—hiring for temporary-help positions and weekly working hours—have declined this year even as unemployment has remained near a half-century low.
Indiana’s unemployment rate dips in July
At 3.4%, Indiana’s rate remained lower than those of all neighboring states and the country as a whole.
Richer U.S. households fueling hot job sector: ‘wealth work’
In an era that has witnessed a steady loss of manufacturing jobs, wealth positions hold one major distinct advantage: Because these jobs require personal interaction, they are immune to the threat of automation and outsourcing.
Holcomb administration pushes $1 billion tax hike for unemployment fund
The proposed 17% increase would bring the premiums paid by companies to a level recommended by the federal government, which is meant to prepare the unemployment fund for the next recession.
U.S. job openings jump to nearly 7.5 million
There are now 1.2 million more open jobs than there are unemployed Americans, a dynamic that suggests businesses will have to keep raising pay to attract and retain the workers they need.
Starved for staff, firms consider ex-offenders
Develop Indy, the economic development arm of Indy Chamber, is connecting businesses with PACE, a not-for-profit that helps people coming out of the criminal justice system re-enter the community.
Unemployment ticks up in March as state labor force grows
Indiana’s labor-force participation rate rose from 65.2% to 65.3% in March, remaining ahead of the national rate of 63.2%.
IBJ Podcast: Bill Oesterle’s TMap is asking former Hoosiers to come back home
The former CEO of Angie’s List is using big data and machine learning to try to solve an emerging problem in Indiana—a stagnate and soon-to-be shrinking workforce.
Bill Oesterle’s new firm TMap seeks to use big data to reverse brain drain
The company’s goal is to find talented people who live out of state but have a connection to Indiana—then lure them here to live and work.
Indiana’s unemployment rate holds firm as labor force ticks up
Private sector employment in Indiana grew by 4,400 in February over the previous month and is up more than 40,400 over the last year, the state said Friday.