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.
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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.
Analysts eagerly await news of wage growth to accompany strong hiring
Economists have forecast that employers added a solid 185,000 jobs in March and that the unemployment rate dipped from 4.1 percent to a fresh 17-year low of 4 percent. Was that enough to boost pay?
U.S. consumer spending ticks up, incomes rise
The Commerce Department said February’s modest spending increase followed an equal gain in January and a rise of 0.4 percent in December.
Economic growth last quarter much better than first estimated
The U.S. economy grew at a solid 2.9 percent annual rate in the final three months of last year, a sharp upward revision that shows a third straight quarter of healthy growth.
U.S. consumer prices show modest monthly increase
Consumer prices increased at 0.2 percent pace in February, underscoring that inflation pressures appear to be muted for now.
Fourth-quarter economic growth revised down slightly
For the year, GDP rose 2.3 percent, a significant pick-up from 1.5 percent in 2016, which had been the slowest annual growth rate since the economy contracted in the recession year of 2009.
U.S. economy fundamentally strong despite stock market plunge
A wave of fear about inflation and higher interest rates helped send stock prices tumbling Friday and Monday. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy.
U.S. added 200K jobs in January as pay rose most in 8 years
The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from minimum wage increases in 18 states also likely boosted pay last month.