The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that
drop was driven by temporary seasonal factors and not an improving job market.
Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and
fewer cutting jobs, but the pace of growth has slowed, a new survey shows.
The bleeding seems to have stopped where job loss is concerned, but it’s not time to pat ourselves on the back.
Americans spent a little more in May but not enough to speed along the economic recovery.
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.
The economic recovery last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to
stay high this year.
Employers, encouraged by a recovering economy, are hiring again. But they are not doing it at the level needed to reduce the
jobless rate.
Recession's over. Time for law firms to get cracking on raising rates again. As was the case before the recession, the
increases are outstripping inflation.
Recession aftermath continued taking a toll on sales of paint for auto repairs.
Productivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed,
putting the economic recovery at risk.
Hotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number
of hotels at or near the financial breaking point. But relief finally appears to be on the way.
Retailers restocking lean inventories and more online purchases could be driving cargo uptick.
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.
The economy grew at 5.6-percent clip in fourth quarter, but the impressive number doesn’t indicate the recovery is strong,
economists say.
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.
The state’s unemployment rate in January remained unchanged from the seasonally adjusted figure of 9.7 percent Indiana reported
in December.
rom Madison to Merrillville and Elkhart to Evansville, the talk among businesspeople is positive. Customers are showing
more interest, orders are picking up. The data may not be there to support the good cheer, but economic data are always delayed.
Practices are beginning to thaw along with other areas of the economy.
Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that
companies are still too pessimistic about the economy to begin restocking shelves.
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
