U.S. employers added whopping 312,000 jobs in December
U.S. employers dramatically stepped up their hiring in December in an encouraging display of strength for an economy. And average hourly pay improved 3.2 percent from a year ago.
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U.S. consumer confidence slips amid volatile stock market
U.S. consumer confidence tumbled this month, but consumer spirits are still high by historic standards.
Business publication predicts 3.2 percent growth in Indiana in 2019
Indiana Business Review indicated that history suggests a decade-long U.S. and Indiana economic expansion may be coming to an end of its natural cycle.
State unemployment rate ticks up to 3.6 percent
The national unemployment rate for November was 3.7 percent. With the exception of one month when it was equal, Indiana’s unemployment rate has been below the U.S. rate for more than five years.
U.S. economy grew at 3.4 percent rate in third quarter
Economists believe that economic growth is slowing in the fourth quarter to around 2.5 percent. For the full year, GDP growth is projected to top 3 percent — the best showing since 2005.
U.S. job vacancies rise, exceed unemployed by 1 million
The number of openings is the second-highest on record, reinforcing the view that the trend of employment is strong.
U.S. hiring slows to 155K jobs; jobless rate remains at 3.7 percent
The jobs figure was less than many economists forecast, but few saw the report as a sign of a broader slowdown.
U.S. productivity shows 2.3 percent increase in third quarter
The increase was slower than the previous quarter but still an improvement over the weak annual gains of the past decade.
Commerce Department confirms 3.5 percent GDP growth in third quarter
The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated.
U.S. durable goods orders show worst decline in 15 months
The Commerce Department said Wednesday that orders to U.S. factories for big-ticket manufactured goods dropped 4.4 percent last month.
Worst day of an awful year leaves no corner of market unscathed
One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.
U.S. adds robust 250,000 jobs; pay growth fastest since 2009
The last major economic data before Tuesday’s congressional elections also showed that the unemployment rate remained at a five-decade low of 3.7 percent.
U.S. productivity growth ticks down slightly in third quarter
U.S. productivity rose at a slower rate in the third quarter, but the increase was still better than the lackluster gains of the last decade.
IU experts expect economy to maintain strong pace in 2019
The U.S. economy is expected to remain strong next year, with Indiana outperforming the nation, according to the annual Business Outlook forecast released Thursday by Indiana University’s Kelley School of Business.
U.S. apparel spending rises at fastest pace since 2005
Low unemployment, elevated consumer confidence and stronger household finances are encouraging shoppers to dip confidently into their cash.
U.S. economy grew at strong 3.5 percent rate in third quarter
The third quarter’s gross domestic product, the country’s total output of goods and services, was slightly higher than many economists had been projecting.
Americans who don’t have bank account at lowest level ever
The survey by the Federal Deposit Insurance Corp. found the economic fortunes of the country’s most vulnerable people continue to get better. The biggest improvement happened among black and Hispanic households.
U.S. industrial production gains for the fourth straight month
The Federal Reserve said Hurricane Florence reduced September output growth by less than 0.1 percentage points.
IMF cuts forecast for global growth as trade war takes toll
The International Monetary Fund cut its growth forecast for the first time in more than two years, blaming escalating trade tensions and stresses in emerging markets.
As joblessness falls, skilled workers might be hard to find
The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years.