U.S. consumer spending shows solid 0.4 percent July increase
The July spending gain, fueled by strong job growth and tax cuts, followed a similar 0.4 percent rise in June, the government said Thursday.
Economy
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U.S. economy slightly stronger in 2nd quarter than first estimated
The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest annual gain in more than a decade.
U.S. consumer confidence rises to 18-year high
The overall economy, as measured by the gross domestic product, grew at a 4.1 percent rate in the April-June quarter, the best performance since 2014.
U.S. retail sales show robust monthly rise of 0.5 percent
Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
These are boom times for Cummins, but will they last?
A BMO Capital Markets analyst forecasts the engine manufacturer iwill see 16.9 percent revenue growth this year and 5.8 percent growth in 2019 before seeing a 2.9 percent decline in 2020.
U.S. employers add 157,000 jobs; jobless rate ticks down
The slip in hiring last month may be temporary. Consumers are spending freely and businesses are stepping up their investment in buildings and equipment, accelerating growth.
Consumer spending shows solid monthly increase of 0.4 percent
Meanwhile, a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month—the strongest back-to-back gains in six years.
State unemployment rate ticks up as more seek work
Private sector employment in Indiana fell by 2,500 in June, but is up more than 16,600 over the year, the state said.
Fed leader bullish on U.S. economy, expects rates to keep rising
In his semi-annual testimony to Congress on Tuesday, Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy.
Fed Chair Powell says economy in ‘good place’ at moment
In an interview Thursday, Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the economy, noting that unemployment is at its lowest point in nearly two decades and inflation is rising toward the Fed’s optimal range.
U.S. inflation sees biggest increase in six years
Consumer prices rose in June from a year earlier at the fastest pace since February 2012, lifted by more expensive gas, car insurance and higher rents.
U.S. adds 213,000 jobs; unemployment rises to 4 percent
U.S. employers kept up a brisk hiring pace in June, and unemployment rose as more people began looking for a job.
Ball State economist says tariffs will hurt Indiana’s economy
Economist Michael Hicks says tariffs proposed by the Trump administration could result in job losses and GDP reductions starting this year.
U.S. consumers a bit less optimistic about economy
American consumers are still feeling good current economic conditions by historical standards.
St. Vincent lays off 85 workers across Indiana
The Indianapolis-based health system is under pressure from parent Ascension to cut costs, and has signaled in recent months that it plans to transform its delivery system.
U.S. gains 223,000 jobs; unemployment hits 18-year low
U.S. employers extended a streak of solid hiring in May, adding 223,000 jobs. The unemployment rate matched the rate in April 2000 as the lowest since 1969.
The low-wage job trap leaves many families flailing
For many Indianapolis residents, the problem isn't finding work. It's landing employment that pays enough to lift them from poverty and provides a financial cushion to absorb daily life's inevitable setbacks.
Unemployment rate falls as U.S. adds modest 164,000 jobs
The overall unemployment rate is now the lowest since December 2000. The rate for African-Americans—6.6 percent—is the lowest on record since 1972.
March report shows modest job growth, rise in wages
U.S. employers added 103,000 jobs in March after several months of bigger gains, though the government’s overall jobs report suggests the labor market remains healthy.