Economists: Growth expected for at least 2 more years
Business economists still think the economy will continue to grow, but they again have scaled back their expectations for just how much.
Economy
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U.S. job openings jump to record high in mixed signal to Fed
American employers advertised a record number of open jobs in July, a sign hiring may stay healthy despite a slowdown last month.
U.S. hiring slows, making Fed rate hike less likely
U.S. employers slowed their hiring in August to a modest 151,000 jobs and barely raised wages.
U.S. consumer confidence hits 11-month high
U.S. consumer confidence rose in August to its highest level in 11 months, suggesting economic growth could pick up in the second half of the year.
U.S. consumer spending posts slower growth in July
Economists are counting on solid gains in consumer spending, which accounts for 70 percent of economic activity, to power overall growth in the second half of the year.
Second quarter U.S. GDP growth revised downward
The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.
U.S. adds a 255K jobs; unemployment rate stays 4.9 percent
U.S. employers added a healthy 255,000 jobs in July, but an influx of job seekers meant that the number of unemployed fell only slightly.
GDP grew a weak 1.2 percent in second quarter
Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter.
Survey: American consumers’ confidence remains steady
The Conference Board said Tuesday that its view of today’s economy rose to the highest level since September, but its outlook for the next six months slipped.
State’s unemployment rate falls to 4.8 percent
The labor force and the number of employed people both hit all-time highs in Indiana in June.
June hiring surge suggests rebounding U.S. economy
The unemployment rate rose in June from 4.7 percent to 4.9 percent. But the uptick occurred mainly for an encouraging reason: More Americans began seeking jobs.
U.S. incomes rise, but top 1 percent gain most
The incomes of households outside the very top tier appear finally to be recovering from the Great Recession.
Economy fared better in first quarter than previously estimated
The latest revision reflected stronger export sales and less drag from business investment. But consumer spending growth had its weakest showing since the first quarter of 2014.
Markets plunge as Britain decides to exit European Union
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
Markets, bettors put money on Britain staying in EU
The momentum appears to favor those who wish to remain in the European Union. The betting market Betfair said the probability that the country will stay stands at 86 percent. Optimism in financial markets also points in that direction.
Report: Indy metro area accounts for 40 percent of state economy
Indianapolis' gross metropolitan product was $130.8 billion in 2015, which ranked it 26th among U.S. metro areas. It's projected to grow 3.6 percent this year and 4.8 percent in 2017.
U.S. industrial output declines on falling auto production
Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges.
U.S. job openings rise, yet employers cut back on filling them
The figures suggest that an annual economic growth rate of just 0.8 percent in the first three months of the year has caused businesses to postpone hiring decisions.
Economists increasingly uncertain about U.S. growth this year
Doubts about the economy deepened Friday when the government reported that hiring in May slowed to a near-standstill.
Consumer spending scores biggest jump in six years
The strong April showing for consumer spending is a good sign that the economy is performing notably better this quarter after nearly stalling out at the start of the year.