Economic growth revised up to 5 percent for third quarter
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.
Economy
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Private hiring in state boomed by 15,800 jobs in November
In December, Indiana saw its biggest monthly increase in private sector jobs in 15 years, as the national economy boosted hiring across the country.
Cheaper gasoline, food shrink U.S. producer prices
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.
U.S. economic growth revised up for third quarter
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.
Why many aren’t celebrating lower U.S. unemployment
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.
U.S. employers add 214K jobs; rate falls to 5.8 percent
Employers have now added at least 200,000 jobs for nine straight months, the longest such stretch since 1995.
Kelley School economists expect stronger 2015
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.
Forecast for 2015: Strategist says economy has juice
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.
U.S. jobless aid applications fall to 14-year low
The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth.
Business stockpiles show smallest rise in 14 months
Total U.S. business sales fell 0.4 percent in August after a 0.7-percent sales increase in July. It was the biggest monthly sales decline since a 1.1-percent drop in January.
U.S. executives feeling tight-fisted about worker raises
A survey of Harvard Business School alumni released Monday reveals a series of trends that are widening income disparities and may be weakening the ability of the U.S. economy to grow in the long term.
RV industry leaders say rebound picking up speed
Key manufacturers and suppliers have announced recent expansions, the stock market is at an all-time high, and consumers are more confident in the future, industry leaders say.
Consumer spending hits first decline since January
U.S. consumer spending edged down 0.1 percent last month after a 0.4-percent increase in June, the Commerce Department reported Friday.
U.S. economy forecast to grow by 1.5 percent in 2014
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration’s.
U.S. durable goods orders show record surge
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft. Outside of transportation, orders dipped.
Weekly U.S. unemployment claims jump by 21,000
The four-week average, a less volatile measure, rose 2,000, to 295,750. That continues to be close to averages that predate the beginning of the Great Recession in late 2007.
U.S. employment openings hit 13-year-plus high
Job openings have increased 17.6 percent during the past 12 months, while hiring has risen 9.3 percent during the same period, suggesting a mismatch in the jobs market.
Let corporations influence laws governing them
Corporations are among our oldest institutions. Something like a joint stock company probably triggered the earliest formal written communication—the accounting ledger.
U.S. employers add 209K jobs; rate rises to 6.2 percent
July marked the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic recovery.
As U.S. job market strengthens, many don’t feel it
The economic recovery is entering its sixth year, but a number of factors help explain why many Americans don't feel better off.