Elkhart-Goshen, Columbus among tops for GDP growth
The three Indiana cities had among the largest 2010 increases in the U.S. in the value of goods and services they produce.
Economy
Articles
Economy grew at weak 1.3-percent rate in 2nd quarter
The U.S. economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices.
Unemployment benefit requests jump again
The number of people applying for unemployment benefits jumped last week to the highest level in three months, another sign that the job market remains depressed.
U.S. consumer confidence falls to 2-year low
Stocks fell Tuesday morning after consumer confidence dropped to the lowest level since April 2009. Retailers and other companies that depend on consumer spending had the steepest losses.
This year’s metro area job losses deeper than in peer cities
As the national economy sputters, the Indianapolis area is losing jobs faster than its peers, falling to levels not seen since 2002.
State’s unemployment rate rises to 8.5 percent
Indiana’s jobless rate moved up from 8.3 percent in June. The rate had held steady at 8.2 percent the previous two months.
Economy still tough, but a few Hoosier industries on upswing
Two years into the economic recovery, bright spots in the Indiana job market are still hard to find. The insurance industry is one of the few glimmers of light on Indiana’s horizon. Others include engine makers, nursing homes and temp agencies.
MORRIS: D.C. crowd making economic matters worse
I’m struggling with moving on from recent events, after losing about 15 percent of value in my equity investments in 11 business days. I’m angry. I’m really angry.
HICKS: Investors downgrade Standard & Poor’s political ploy
There are many reasons to believe the second half of the year will bring a faster-growing economy.
Unemployment aid applications fall to 4-month low
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.
Local stocks pummeled in global sell-off
Stock prices of the dozen largest public companies in the Indianapolis area all tumbled Monday morning as a Standard & Poor’s downgrade of U.S. debt spooked investors worldwide.
Stocks turn lower as optimism about jobs fades
Stocks rebounded Friday on a report that the U.S. added more jobs than expected during July, but quickly retreated.
U.S. jobless rate dips as economy adds 117,000 jobs
Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
Economy growing at slowest pace since recession
The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.
U.S. unemployment claims drop to 7-week low
The number of people applying for unemployment benefits fell last week to the lowest level in seven weeks, although applications remain elevated.
Indianapolis Star lays off 62 in cost-saving purge
The Indianapolis Star on Tuesday laid off 62 employees including more than 15 percent of its newsroom staff in the latest round of cost-cutting by Gannett Co. Inc., the newspaper's parent company.
State’s jobless rate holds steady at 8.2 percent
Indiana’s unemployment rate remained unchanged in May from the previous month. Because the rate has been at or below 8.5 percent for three consecutive months, the state is no longer eligible for a portion of extended unemployment benefits.
HICKS: Absence of fathers has dire economic impact
Poverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
City’s fast-growing companies surge with economic recovery
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
State’s private companies performed unevenly last year
Fewer than half generated revenue increases.