Pace of third-quarter economy better than first estimated
Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.
Economy
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U.S. consumer confidence rises to highest level since 2000
The business research index measures consumers’ assessment of current conditions and their outlook for the next six months. Both improved this month.
Indiana’s unemployment rate creeps up to 3.9 percent
The state’s rate has risen from 3 percent in June, when it narrowly missed a state-record low of 2.9 percent.
U.S. hiring jumps as employers add 261K jobs after hurricanes
The unemployment rate declined to 4.1 percent, the lowest in nearly 17 years, from 4.2 percent in September, the Labor Department said Friday.
IU experts expect Indiana’s economy to outpace nation’s in 2018
In their annual Business Outlook forecast, Indiana University Kelley School of Business economists say employment gains will fuel economic growth in 2018.
Consumer spending sees largest gain in eight years
Income growth was also solid in September, rising by 0.4 percent as wages and salaries climbed.
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
U.S. unemployment claims drop to 222,000, lowest in 44 years
The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.
Indy GDP keeps up with most peer cities
Indianapolis’ economic performance in recent years has been as good or better than that of most of its peer cities around the Midwest, new government data show.
Hamilton County employers try to fill thousands of positions as jobless rate falls
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
U.S. job growth slows in August, but overall trend still strong
Employers added 156,000 jobs in August, enough to suggest that most businesses remain confident in an economy now in its ninth year of recovery. Pay raises are still meager, however.
U.S. economic growth upgraded to 3 percent in second quarter
The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.
Harvey tough on Texas, but might have limited impact on U.S. economy
The disaster that’s still unfolding across the Gulf Coast of Texas will be crushing for the region, but experts say it is unlikely to cause long-lasting disruptions across the national economy.
U.S. unemployment rate dips on healthy job creation
U.S. employers added 209,000 jobs in July, a second straight month of robust gains.
U.S. economy expanded at stronger 2.6 percent rate in second quarter
The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending.
U.S. employers continue robust hiring pace
The unemployment rate ticked up to 4.4 percent from 4.3 percent in May, which was a 16-year low, the Labor Department said Friday. The rate rose because more Americans began looking for work.
U.S. durable goods orders show largest decline in 18 months
Demand for long-lasting U.S. factory goods fell in May, and a key category that tracks business investment also slipped, evidence that manufacturing output is barely growing.
U.S. employers add 138K jobs; rate dips to 4.3 percent
U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low.
U.S. consumer spending, incomes show another monthly increase
Americans increased their spending in April at the fastest pace in four months, bolstered by a solid gain in incomes.
First quarter economy better than originally estimated
The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading, the Commerce Department reported Friday.