A deal struck 25 years ago brought Subaru-Isuzu to Indiana. Toyota followed in 1996, and Honda came in 2008. The three Japanese automakers now collectively employ 10,000 and support thousands more jobs at suppliers across the state.
The Indiana Business Research Center attributes the predicted slowdown during the next 30 years to an increasing number of baby boomers entering retirement and a cresting of the decades-long rise in female labor force participation.
President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt.
Ohio-based Vantiv Inc., which had more than 200 employees in Evansville just over a year ago, says it's going to reduce its work force to about 25 and close its call center in southwest Indiana.
The engine maker says that slowing demand led to the decision to scale back hours for the 350 workers at its Columbus Fuel Systems Plant. The new four-day workweek will continue indefinitely.
The nation’s jobless rate fell from 8.1 to a 44-month low of 7.8 percent in September, according to government data, as employers added 114,000 jobs. Wages rose over the month, and more people started looking for work.
Manitowoc Foodservice said it will eliminate 235 jobs with a Fort Wayne plant closure slated for April 30. The company gave no reason for its decision.
Indianapolis-based Crosspoint Solutions LLC, a manufacturer of electric auxiliary power units, plans to hire the workers by 2016 as part of a $935,000 expansion.
Auto-parts maker Gunite Corp. plans to move its manufacturing operations to Rockford, Ill., phasing out Elkhart workers beginning in late September.
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
A survey of 1,123 manufacturing executives released last year found that 67 percent of companies had a moderate to severe shortage of available, qualified workers. The report estimated 600,000 jobs nationwide were going unfilled because of a lack of qualified candidates.
The May jobless rate in Indiana was unchanged from April, although the state added 7,700 private-sector jobs last month, with gains in sectors including trade, transportation, utilities, and private educational and health services.
Recovery in manufacturing—one of Indiana’s best-paying employment sectors—has been a much celebrated change after years of decline. But many of those jobs are returning with lower wages as employers keep up with growing global competition.
Rushville-based Barada Associates Inc. specializes in helping business clients make good hiring decisions—services that have become more popular as companies find themselves inundated with eager applicants looking for work.
The bank said it will terminate all 450 employees at its office on the northeast side of Indianapolis as the troubled residential mortgage servicing provider prepares to sell a large portion of its assets.
Reasons for Indiana’s wage gap between men and women range from the job mix in the state to whether women are staying in the workforce or taking breaks to have children.
The number of people applying for unemployment benefits was mostly unchanged last week, suggesting the job market isn’t getting much better.
The number of people applying for unemployment benefits jumped last week to the highest level in three months, another sign that the job market remains depressed.
As the national economy sputters, the Indianapolis area is losing jobs faster than its peers, falling to levels not seen since 2002.
Armies of people find themselves lingering on the sidelines.
