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.
Economy
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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.
Claims for jobless aid reach highest level since early 2015
The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report.
U.S. employment growth slowest in seventh months
U.S. employers pulled back on hiring in April, adding 160,000 jobs, the fewest in seven months. Weak economic growth may be making some employers more cautious about hiring.
Businesses cut back on stockpiles as sales fall again
U.S. business inventories dropped 0.1 percent in February, matching the decline in January, the Commerce Department reported. Sales fell 0.4 percent in February after an even bigger decline in January.
Finance officials facing a chronically weak global economy
The International Monetary Fund on Tuesday downgraded its outlook for growth for most regions and for the global economy as a whole. It now foresees a weaker financial landscape than it did in January.
Job openings in U.S. ease while hiring picks up
Still-abundant job listings, persistently low firings and steady hiring are the hallmarks of a gradually tightening labor market.
Indiana businesses appear cautious about the economy
The owners of small and medium-size businesses in Indiana are not as enthusiastic about the economy and business outlook as their national counterparts.
Survey: Economists more downbeat about growth this year
Business economists are predicting weaker growth in corporate profits and the economy than they were late last year, a survey found.
U.S. revises fourth quarter GDP numbers upward
The U.S. economy grew in the fourth quarter at a faster pace than previously estimated, supported by stronger household spending.
U.S. employers advertise more jobs, but hiring falls
U.S. employers advertised more open positions in January, yet hiring dropped, painting a mixed picture of the job market.
Why violence, segregation and single parenthood are depressing Indianapolis incomes
Jim Streitelmeier, the pastor of Neighborhood Fellowship, has a specific year when he thinks Indianapolis’ social problems really took off:1973. That’s when Indianapolis Public Schools began busing black students to predominantly white schools in order to, at long last, integrate them. And it’s also the year Indiana passed a no-fault divorce law.
Leaders bedeviled by single-parent families
Policymakers on both the left and right have long felt hamstrung when it comes to addressing the problems that decades of social science research have shown hurt the economic prospects, not only of those in the midst of them, but everyone else in the community.
U.S. adds 242,000 jobs; rate holds at 4.9 percent
U.S. employers added a robust 242,000 workers in February as retailers, restaurants and health care providers drove another solid month for the resilient American job market.