MARCUS: Indiana jobs situation is improving
The bleeding seems to have stopped where job loss is concerned, but it’s not time to pat ourselves on the back.
The bleeding seems to have stopped where job loss is concerned, but it’s not time to pat ourselves on the back.
Claims have fluctuated wildly in the past several weeks and have not dropped below January levels. Elevated unemployment claims,
along with last month’s weak jobs report and a struggling housing market, have economists worried the recovery is slowing.
John Gorman, who worked for the same company for 31 years before he was fired in December, has been waiting on a decision
for at least 100 days, and he still hasn't received his unemployment check, according to the American Civil Liberties
Union of Indiana.
Pessimism about economic recovery grows as employment numbers for June fall short of expectations.
Senate Democrats are working on a new way to jump-start their stalled election-year jobs agenda while saving unemployment benefits for hundreds of thousands of laid-off workers. The plan combines in one bill the unemployment benefits with an extension of a popular tax credit for people who buy new homes.
Indiana’s May unemployment figure remains in double digits for second consecutive month, despite some job growth.
Virtually all the job creation in May came from the hiring of 411,000 census workers. Job creation by private companies grew
at the slowest pace since the start of the year.
A couple of Hoosier entrepreneurs think they can take their career information web site national.
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department
said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February.
Employers, encouraged by a recovering economy, are hiring again. But they are not doing it at the level needed to reduce the
jobless rate.
The Labor Department said Thursday that initial applications for unemployment benefits dropped by 11,000 to 448,000, the lowest
level in four weeks.
The national unemployment rate for college graduates age 25 and older was 4.9 percent in March, up from 4.4 percent a year
ago, the U.S. Bureau of Labor Statistics reports.
The number of jobs in Indiana rose by 16,600, marking the largest month-to-month increase since September 2005, the Department
of Workforce Development said.
The Indiana Department of Workforce Development last year identified $3.9 million in unemployment fraud.
The Labor Department said Thursday that first-time claims increased by 18,000 in the week ending April 3, to a seasonally
adjusted 460,000.
Buoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while
bracing out-of-work Americans for a slow recovery.
Two of Indiana’s most influential business advocates are lobbying Congress for relief from the state’s fast-growing
Unemployment Insurance Trust Fund debt.
The state’s jobless rate has been either 9.8 percent or 9.7 percent the past four months.
New claims for unemployment benefits fell more than anticipated last week—partially due to changes in the calculations—as
layoffs ease and hiring slowly recovers.