Hoosier businesses and consumers face a dynamic not seen in a generation—a dollar significantly more muscular than many competing currencies. Experts predict the dollar’s clout and the pros and cons of that power will endure for a year and possibly as long as three.
Orders to U.S. factories for long-lasting manufactured goods bounced back in January, rising by the largest amount in six months, although much of the strength came from a big jump in airplane orders.
U.S. retail sales fell sharply last month as gas prices plummeted and auto sales slowed. But excluding those volatile categories, Americans stepped up their spending a bit.
The Labor Department said Friday that the economy added 257,000 jobs in January, previous months were revised up, wages rose by the most in six years, and more Americans entered the job market.
Orders to U.S. factories dropped for a fifth consecutive month in December, while a key category that signals business investment plans fell for a fourth straight month.
Personal income rose 0.3 percent in December, aided by the steady wave of hiring over the past year. But rather than spend those gains, consumers saved more of their disposable income.
An uptick in the employment cost index during 2014 could be a sign strong job gains are forcing companies to pay a bit more for workers.
The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. Average hourly pay slipped 5 cents.
More Americans sought unemployment benefits last week, but the number of applications continues to be at historically low levels that suggest solid economic growth will continue.
Suddenly robust economic growth, low unemployment and shrinking gas prices have improved the outlook of Americans, a study shows.
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
The number of people seeking jobless benefits has been at historically low levels for 14 of the past 15 weeks. That indicates companies are retaining workers and expecting economic growth to continue.
The sizzling rate gives credence to many analysts who think U.S. growth is finally set to accelerate. More people are working and have money to spend.
In December, Indiana saw its biggest monthly increase in private sector jobs in 15 years, as the national economy boosted hiring across the country.
The retreat of wholesale costs gives the Federal Reserve more leeway to keep interest rates at record lows in an effort to stimulate the economy.
The U.S. economy grew at a solid 3.9-percent annual rate in the July-September period, according to the latest estimate, possibly giving the country its strongest six months of growth in more than a decade.
After Tuesday's midterm elections, exit polling showed how little falling unemployment has resonated. Most voters said they cast their ballots out of fear for the economy.
Employers have now added at least 200,000 jobs for nine straight months, the longest such stretch since 1995.
Economists from Indiana University Kelley School of Business say they are cautiously optimistic that 2015 will be the strongest year the economy has seen yet in its long, slow recovery from the Great Recession.
A Fifth Third Bank expert told attendees at IBJ's 2015 Economic Forecast on Thursday that the business cycle is maturing but still has some oomph left in it.
