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. 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.
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.
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.
Still-abundant job listings, persistently low firings and steady hiring are the hallmarks of a gradually tightening labor market.
The owners of small and medium-size businesses in Indiana are not as enthusiastic about the economy and business outlook as their national counterparts.
Business economists are predicting weaker growth in corporate profits and the economy than they were late last year, a survey found.
The U.S. economy grew in the fourth quarter at a faster pace than previously estimated, supported by stronger household spending.
U.S. employers advertised more open positions in January, yet hiring dropped, painting a mixed picture of the job market.
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.
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. 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.
Many employees already made more than the state and national minimum of $7.25 per hour, but the hospital system said it wanted to be proactive. Workers who already made $11 to $12.99 an hour were also given a raise.
Economic growth in the final three months of 2015 didn’t slow as much as previously estimated, and consumers roared back to life in January, spending at the fastest clip in eight months.
While Americans of all stripes consistently put the economy at or near the top of their lists of most important issues, they may have very different concerns in mind when they do so.
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Employers raised pay, more people felt confident enough to look for work, and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.
Much of the weakness last quarter reflected a slowdown in consumer spending, which grew at an annual rate of just 2.2 percent, compared with a 3 percent rate in the previous quarter.
American industry is struggling even as the overall economy appears solid. In December, utilities reduced output amid unusually warm weather and energy firms cut back in the face of falling oil prices.
