Friday's jobs report made clear that the U.S. economy is on firm footing and is likely benefiting from more resilient global growth, with all major economies across the world expanding in tandem for the first time in a decade.
The company's revenue from China, including joint ventures, rose 46 percent in the latest quarter.
Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.
The business research index measures consumers’ assessment of current conditions and their outlook for the next six months. Both improved this month.
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
The unemployment rate declined to 4.1 percent, the lowest in nearly 17 years, from 4.2 percent in September, the Labor Department said Friday.
In their annual Business Outlook forecast, Indiana University Kelley School of Business economists say employment gains will fuel economic growth in 2018.
Income growth was also solid in September, rising by 0.4 percent as wages and salaries climbed.
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
The disaster that’s still unfolding across the Gulf Coast of Texas will be crushing for the region, but experts say it is unlikely to cause long-lasting disruptions across the national economy.
U.S. employers added 209,000 jobs in July, a second straight month of robust gains.
The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending.
The unemployment rate ticked up to 4.4 percent from 4.3 percent in May, which was a 16-year low, the Labor Department said Friday. The rate rose because more Americans began looking for work.
Demand for long-lasting U.S. factory goods fell in May, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing.
U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low.
