Recession
Articles
Clarian to resume construction at Riley Hospital for Children
It’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.
RYAN: Recession could prompt tax reform
A new study by the National Conference of State Legislatures shows that states have narrowed
a collective budget gap by $145.9 billion in the fiscal year that began July 1, only to be faced with another $28.2 billion
gap for the remainder of the fiscal year. And fiscal 2011 and 2012 are equally bleak.
Even as economy mends, a jobless decade may loom
The decade ahead could be a brutal one for America’s unemployed—and for people with jobs hoping for pay raises.
Jobless claims, goods orders signal modest rebound
A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute
to the rebound. The evidence signals a better-than-expected end to the year, though doubts remain about growth in 2010.
Indiana banker meets with Obama, Geithner
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
Slump sets Hoosier job levels back 14 years
The 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
Economic recovery not as strong as previously thought
The U.S. economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously
thought.
However, signs suggest the economy will end 2009 on stronger footing.
Economic recovery on track to strengthen at end of 2009
The U.S. economy started the year in free-fall but is on track to end 2009 on stronger footing.
Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
Stout’s Shoes still in step after 123 years
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
HICKS: Recession may help close job-skills gap
One of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
Jobless rate unexpectedly falls to 10 percent
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October’s revised total of
111,000.
Economists: Job creation near but likely to be slow
The economy is getting closer to generating jobs for the first time in two years, but it probably won’t be enough to stop
the unemployment rate from rising well into 2010.
Productivity surges 8.1 percent, most in 6 years
The U. S. Commerce Department said productivity rose at an annual rate of 8.1 percent in the third quarter, the biggest jump
since 2003.
Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
Factory orders fall unexpectedly
Orders for costly manufactured goods dropped 0.6 percent last month, following a 2-percent gain in September.
Consumer-spending increase beats expectations
The Commerce Department reported Wednesday that consumer spending rose a brisk 0.7 percent last month, following a pullback
in September.
Rising unemployment taxes could hinder hiring
The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.