IU experts: Economy to stay ‘lousy’ in 2012
Economists from the Kelley School of Business predict the national economy will grow a modest 2.5 percent to 3 percent next year, while unemployment will remain high.
Economy
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Economy grew 2.5 percent in third quarter
Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter. The modest expansion followed anemic growth in the first half of the year
Strategist: Uncertainty still holding back U.S. economy
In order to get the U.S. economy to grow at a respectable 3-percent annual rate, the government needs to get a grip on the debt crisis while corporations needs to start spending the money they've stockpiled.
Riley doctor on quest to quell class warfare
A Riley Hospital for Children doctor is launching a training center for a national anti-poverty program called Circles, which matches poor people with middle-class “allies.” The idea is that people find their own way out of poverty by expanding their personal networks to include the middle class.
Senate nears vote to defeat Obama’s jobs bill
Despite President Barack Obama's exhortations, the Senate prepared to swiftly kill his jobs package Tuesday and the White House and congressional leaders were already moving on to other ways to cut the nation's painfully high unemployment without raising taxes.
Economy added 103,000 jobs in September
The burst of hiring followed a sluggish summer for the economy—and at least temporarily calms fears of a new recession that have hung over Wall Street and the nation for weeks.
Elkhart led U.S. counties in employment increase
The Bureau of Labor Statistics said Elkhart County saw its employment increase 6.2 percent from March 2010 to March 2011.
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 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.